Ripple’s XRP has recently surged back to the $1 mark, marking a significant milestone after a three-year hiatus and igniting discussions on its potential future trajectory. Despite the impressive turnaround,
Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000. Bitcoin started a fresh increase from the $86,600 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $91,000 resistance zone. Bitcoin Price Aims Higher Bitcoin price started a short-term downside correction below the $90,000 level. BTC traded below the $88,000 level before the bulls appeared. A low was formed at $86,622 and the price is now recovering higher. There was a move above the $90,000 level. A high was formed at $91,839 and the price is now consolidating. It tested the 50% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high. Bitcoin price is now trading above $88,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $91,000 level. There is also a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $91,850 level. A clear move above the $91,850 resistance might send the price higher. The next key resistance could be $92,500. A close above the $92,500 resistance might initiate more gains. In the stated case, the price could rise and test the $93,450 resistance level. Any more gains might send the price toward the $95,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $91,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $89,250 level. The first major support is near the $87,850 level or the 76.4% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high. The next support is now near the $86,620 zone. Any more losses might send the price toward the $83,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $89,250, followed by $87,850. Major Resistance Levels – $91,000, and $92,500.
On November 18th, COINOTAG News reported significant activity in the cryptocurrency market as a dormant wallet containing 400 BTC, which was once worth $2,091 twelve years ago, was reactivated recently,
While the momentum is promising, patience and caution are needed as XRP works to solidify its place among top coins.
The post XRP Price Prediction For November 18 appeared first on Coinpedia Fintech News XRP has seen an impressive price surge over the past 1–2 weeks. One of the key drivers of this rally is the news surrounding Gary Gensler’s potential departure from the SEC, especially as some believe his exit could positively impact XRP’s ongoing legal battle. The change in SEC leadership could bring more favorable conditions for …
LetsExchange, the crypto exchange hub renowned for supporting the widest variety of cryptocurrencies worldwide, has officially launched its crypto Bridge exchange mode, a new tool enabling users to transfer coins and tokens across different blockchain networks easily. This latest feature enhances the platform’s existing suite, which already includes Swap, Buy/Sell, and DEX functionality, solidifying LetsExchange
On November 18th, MicroStrategy CEO Michael Saylor launched an intriguing poll on the X platform, posing the question, “Will Bitcoin surpass $100,000 by New Year’s Eve?” This poll has garnered
Bybit Announces Support for CoreDAO CORE v1.0.12 Network Upgrade ————— NFA.
The post XRP Lawsuit News: SEC’s Gary Gensler Will Be Gone by December 31, Says Expert appeared first on Coinpedia Fintech News As speculation grows over the future of SEC Chairman Gary Gensler, many are asking when he will step down and who might replace him. In an interview with Thinking Crypto, Cody Carbone of the Digital Chamber weighed in on the topic, suggesting that Gensler’s recent speech in New York may have been a subtle farewell …
Israeli Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Israeli Trump (TRUMPIS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPIS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Israeli Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to