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Ripple Price Analysis: XRP Bulls Reclaim $0.5 Following the Devastating 20% Crash Ripple’s price has been dropping over the last few days as the crypto market has experienced a significant plunge. However, the cryptocurrency is currently demonstrating signs of short-term recovery. On the USDT paired chart, the price has failed to stay above the $0.6 resistance level and the 200-day moving average, which is located around $0.55. The market has displayed a rapid rebound from the $0.43 support level and reclaimed $0.5. Yet, before any considerable bullish move can be expected, the market should first break back above the 200-day moving average.The BTC Paired Chart Looking at the XRP/BTC pair, the price has recovered above the 800 SAT support level and is currently hovering around the 200-day moving average, located around the 900 SAT mark. If the price can successfully break higher, a rally toward the 1200 SAT resistance zone could be expected. With the RSI also showing values above 50%, the momentum is in favor of such a bullish move. On the other hand, if the 800 SAT support level is broken down to the downside, it is likely possible for the market to create a new low.
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Bitcoin needs $59.1K weekly close amid doubt over BTC price all-time high Bitcoin BTCUSD has a new minimum BTC price target for the week — but hitting it does not take all the pressure off bulls. In his latest X coverage, popular trader and analyst Rekt Capital said that Bitcoin’s next weekly close must hit $59,000. BTC price faces undefeated resistance hurdles Bitcoin is doing its best to recover from a trip to six-month lows of $49,500 this week, but bears could easily reclaim control. Analyzing the long-timeframe landscape on BTCUSD, Rekt Capital identified the potential for an enduring BTC price bounce, which would keep it in line with behavior since March’s all-time high. “It has happened,” he wrote, referring to Bitcoin reversing upward right on target.
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Bossie (BOSSIE) - MEXC Listing - 07 Aug 2024 The listing of Bossie on MEXC is notable as exchange listings often increase liquidity and visibility for a crypto asset. Paired with USDT, this listing could attract more traders to Bossie, potentially leading to a price increase. Additionally, MEXC's promotional airdrops during the listing period could generate extra buzz around the token.
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Bitcoin Current Recovery And Outlook Following the recent dip in Bitcoin comes a notable recovery, which started earlier today. So far, Bitcoin has increased to as high as $56,957 in the early hours of today before retracing slightly to trade at $56,672, at the time of writing, up by 3.6% in the past 24 hours. According to prominent crypto analyst Ali, Bitcoin has formed a “rising wedge, a pattern often linked to downtrends.” Ali projected that Bitcoin might surge to “$56,000-$57,000 at the wedge’s upper boundary.” However, a possible plunge to $51,000 should still be watched out for.
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Baby Doge Coin (BABYDOGE) - Solana Bridge Launch - 05 Sep 2024 The release of the Baby Doge Solana bridge allows BabyDoge users to bridge their tokens to Solana, which could open new avenues for its use. By unlocking the highly scalable Solana network, transaction speeds could increase while costs decrease. This could attract more users and investors, potentially driving up the price of BabyDoge. Source.
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