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$XRP Price Ready to Break Out? Price Action Points to Potential Surge XRP price is showing positive signs above the $0.5100 resistance and could gain bullish momentum if it clears the $0.5200 and $0.5220 resistance levels. XRP Price Eyes More Upsides XRP faced resistance around the $0.5200 zone and experienced a minor downside correction, dipping below $0.5180. The price fell below the 23.6% Fibonacci retracement level of its recent rise from $0.4980 to $0.5225. Despite this, bullish activity remains strong near $0.5140, and XRP is still above $0.5100 and the 100-hourly SMA. - Immediate Resistance: The immediate resistance is near $0.5195. - Key Resistance: The first major resistance is near $0.5200, with a short-term declining channel forming at this level on the hourly chart of the XRP/USD pair. A close above the $0.5200 resistance zone could propel the price higher. The next key resistance is at $0.5220, and surpassing this level could lead to a surge toward $0.5350. Further gains might target the $0.5500 resistance. Potential for More Losses If XRP fails to clear the $0.5200 resistance zone, it could gradually decline. - Initial Support: The initial support on the downside is near $0.5150. - Major Support: The next significant support is at $0.5120, with the main support around $0.5100, which aligns with the 50% Fibonacci retracement level of the upward move from the $0.4980 swing low to the $0.5225 high. A downside break and close below the $0.5100 level could accelerate the decline, potentially leading the price to test the $0.4980 support in the near term. Technical Indicators - Hourly MACD: The MACD for XRP/USD is gaining pace in the bullish zone. - Hourly RSI: The RSI for XRP/USD is now above the 50 level. - Major Support Levels: $0.5120 and $0.5100. - Major Resistance Levels: $0.5200 and $0.5220. In summary, XRP is poised for a fresh increase above the $0.5200 level, with potential for further gains if it surpasses key resistance levels. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

$XRP Price Ready to Break Out? Price Action Points to Potential Surge

XRP price is showing positive signs above the $0.5100 resistance and could gain bullish momentum if it clears the $0.5200 and $0.5220 resistance levels.

XRP Price Eyes More Upsides


XRP faced resistance around the $0.5200 zone and experienced a minor downside correction, dipping below $0.5180. The price fell below the 23.6% Fibonacci retracement level of its recent rise from $0.4980 to $0.5225. Despite this, bullish activity remains strong near $0.5140, and XRP is still above $0.5100 and the 100-hourly SMA.

- Immediate Resistance: The immediate resistance is near $0.5195.

- Key Resistance: The first major resistance is near $0.5200, with a short-term declining channel forming at this level on the hourly chart of the XRP/USD pair.


A close above the $0.5200 resistance zone could propel the price higher. The next key resistance is at $0.5220, and surpassing this level could lead to a surge toward $0.5350. Further gains might target the $0.5500 resistance.

Potential for More Losses

If XRP fails to clear the $0.5200 resistance zone, it could gradually decline.

- Initial Support: The initial support on the downside is near $0.5150.

- Major Support: The next significant support is at $0.5120, with the main support around $0.5100, which aligns with the 50% Fibonacci retracement level of the upward move from the $0.4980 swing low to the $0.5225 high.

A downside break and close below the $0.5100 level could accelerate the decline, potentially leading the price to test the $0.4980 support in the near term.

Technical Indicators

- Hourly MACD: The MACD for XRP/USD is gaining pace in the bullish zone.

- Hourly RSI: The RSI for XRP/USD is now above the 50 level.

- Major Support Levels: $0.5120 and $0.5100.

- Major Resistance Levels: $0.5200 and $0.5220.

In summary, XRP is poised for a fresh increase above the $0.5200 level, with potential for further gains if it surpasses key resistance levels.


Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

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👉👉👉 $XRP Price Grinds Lower: Searching for Support Amid Downtrend XRP Price Analysis and Market Outlook XRP has experienced extended losses, falling below the $0.5220 support zone and testing the $0.5120 support. It is currently attempting a recovery towards $0.550. Current Situation: - Price Struggle: XRP is struggling to increase above the $0.5320 resistance. - Trading Levels: It is below $0.530 and the 100-hourly Simple Moving Average (SMA). - Bearish Trend Line: A major bearish trend line is forming with resistance near $0.5230 on the hourly chart (source: Kraken). Key Analysis: - Short-Term Bearish Zone: Similar to Bitcoin and Ethereum, XRP has remained bearish. The price dropped below $0.5220, testing $0.5120 support. A low of $0.5126 was formed, and the price is attempting to recover, moving above $0.5165 and the 23.6% Fib retracement level. - Resistance and Potential Growth: XRP faces resistance at $0.5220 and $0.5230. The first key resistance is at $0.5265, around the 50% Fib retracement level of the recent downward wave. A close above $0.5265 could lead to higher targets at $0.5320, $0.5450, and potentially $0.5650. Downside Risks: - Support Levels: Initial support is near $0.5150, with major support at $0.5120. A break below $0.5120 could lead to a retest of the $0.50 support. - Technical Indicators: The hourly MACD is losing pace in the bearish zone, and the RSI is below 50. Support and Resistance Summary: - Major Support Levels: $0.5120, $0.500 - Major Resistance Levels: $0.5220, $0.5320 Overall, while XRP is currently facing resistance and is trading below key moving averages, a break above the $0.5265 resistance could signal a potential recovery. However, failure to clear these resistance levels could lead to further declines. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency
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🔥🔥🔥 Open sourcing lets #Developers explore beyond initial ideas: #TrustWallet Luis Ocegueda, head of engineering at TrustWallet , introduced Barz, an open-source smart wallet solution compatible with ERC-4337, in an interview with Cointelegraph. Released on May 29, Barz aims to help developers address wallet challenges and enhance Web3 adoption by offering features such as account recovery, flexible key management, and signature migration. Trust Wallet's decision to open-source Barz aligns with the crypto ethos of transparency and accessibility. Ocegueda emphasized that this approach builds trust and provides user assurance. He stated, "Open-sourcing our code goes in line with crypto principles, making it available and decentralizing it." Ocegueda highlighted that open-sourcing Barz allows developers to explore possibilities beyond Trust Wallet’s original vision. "Trust Wallet has its own roadmap, but open-sourcing gives other developers a chance to innovate in ways we may never have considered," he explained. He believes the broader crypto community can experiment with Barz, implementing it in innovative ways. Ocegueda pointed out that while numerous infrastructure solutions are emerging, the industry should focus on cohesive utilization of these tools. "We have elegant cryptography, engineering, and consensus, but we're not yet delivering a cohesive product that really changes things," he remarked. Ocegueda envisions a future where users benefit from crypto applications without needing to understand the underlying technologies. "Users won’t need to worry about what a wallet or #Blockchain is. These technologies will be available to those interested but won't be a prerequisite for experiencing the benefits," he added. In summary, Trust Wallet's Barz is a step towards making crypto technologies more accessible and user-friendly, encouraging broader experimentation and innovation within the community. Source - cointelegraph.com
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💥💥💥 Cardano ($ADA ) Is In Catastrophic State, Bitcoin ($BTC ) Future to Surprise You, Solana ($SOL ) Can Still Be Saved: Here's How Cardano (ADA) is currently facing significant challenges, with its price trading below key moving averages on midterm charts. This indicates a bearish trend and reflects a lack of confidence in ADA among investors. The competition within the #Blockchain ecosystem, especially with more established platforms like #Ethereum and Solana, is one of the primary reasons behind ADA's decline. Bitcoin (BTC) recently surpassed $70,000 but struggled to maintain its position above this level. The market reaction to the #EthereumETF approval has been mixed, contributing to volatile price movements. BTC is currently consolidating around $67,500 and is attempting to stay above key moving averages. Wild fluctuations in trading volume suggest uncertainty among traders. On the other hand, Solana (SOL) has shown resilience despite market downturns. Although SOL encountered resistance at $165, it has held above critical support levels, indicating a potential bullish trend. Decreasing bearish volume and steady buying interest suggest a possible recovery in the near future. However, SOL needs to maintain support above $150 to avoid a potential decline. Source - u.today #cryptocurrency #BinanceSquareAnalysis
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