Ripple (XRP) and Cardano (ADA) have received big blows from the FTX/Binance drama. The broader crypto market tanked after Binance backed out from its supposed FTX acquisition as the latter runs out of cash to support withdrawals.
Investors looking for the best investment to make while uncertainty takes hold are advised to look into The Hideaways (HDWY) – a crypto project providing stability and also an upcoming price increase along with a huge 30% bonus on your investment!
Ripple (XRP) Takes a Hit from the Defunct Binance/FTX Deal
Ripple (XRP) tumbled back to the $0.30 zone this week following Binance’s announcement to bail out of the FTX acquisition deal.
XRP is trading at $0.35 in the latest charts, down 3.47% during the day. While it did not take a decline as big as Solana’s 20% fall, this is enough to send investors to The Hideaways (HDWY) which provides a huge opportunity for investors to be part of a project at the early stages of its development.
Ripple (XRP) saw its trading volume shed 18% during the session – this shows overall interest in the project is leveling off for now.
With the Binance/FTX drama on the one hand and the SEC battle on the other, Ripple (XRP) bears will continue being in control until the rest of November. The best course is to cut losses while volatility goes on.
Cardano (ADA) is One of FTX’s Actively Traded Tokens
Cardano (ADA) could not take FTX’s latest demise, being one of the most-active tokens traded on the platform.
ADA is down 11% in the last 7 days as investors sought refuge in similarly stable projects, one of these being The Hideaways (HDWY).
At press time, the token has extended losses with another 3.33% decline to $0.34. The Cardano (ADA) community is quiet about the latest fall – analysts say we might be seeing the price falling back to the $0.20 zone this week which could further trigger a massive selloff on ADA.
On the upside, Cardano (ADA)’s trading volume has recovered in the 24-hour charts. It fell 2.90% to $1.5 billion, meaning volatility is in control for the time being.
Investors Enter The Hideaways (HDWY) Ahead of Price Rise
While Ripple (XRP) and Cardano (ADA) are declining, investors did not waste time to cut losses and turn to money-making projects like The Hideaways (HDWY).
Investors see stability in The Hideaways (HDWY) that they could not find elsewhere. Its real estate backing is proving to be a good vantage point as this keeps the token’s price held together while other cryptocurrencies are in the middle of a collapse.
The VIP tier available at The Hideaways is truly market leading and is attracting serious attention for good reason. The below investment amounts will get you entry into a limited-availability VIP tier and access to rewards such as free private jet flights, free holidays and exclusive property deals.
- Gold: $10,000
- Platinum: $20,000
- Diamond: $50,000
The project also gives investors a big share of its monthly rental yields, easily making it a steady source of passive income.
The Hideaways (HDWY) can give you stability amid the FTX/Binance drama for a selling price of only $0.072.
The HDWY price is rising to $0.08 shortly, so invest before the price rises and take advantage of the huge 30% bonus!
The post Ripple (XRP) and Cardano (ADA) are Tanking Amid the FTX/Binance Drama appeared first on Analytics Insight.
XRP Price Prediction: Smashing This Resistance Might Trigger Rally
Ripple is showing positive signs above the $0.365 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.48 level.
- Ripple is slowly moving higher and trading above $0.35 against the US dollar.
- The price is now trading above $0.380 and the 100 simple moving average (4-hours).
- There is a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair could start a strong increase if it clears the $0.415 resistance zone.
Ripple Price Eyes Upside Break
After a strong decline, ripple’s XRP found support near the $0.320 zone against the US Dollar. The price started a decent increase above the $0.332 and $0.350 resistance levels.
The bulls were able to lift the price above the 23.6% Fib retracement level of the key drop from the $0.5098 swing high to $0.3200 swing low. xrp price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair.
It seems to be facing a major resistance near the $0.415 level. It is close to the 50% Fib retracement level of the key drop from the $0.5098 swing high to $0.3200 swing low. The next major resistance is near the $0.438 level.
Source: XRPUSD on TradingView.com
A successful break above the $0.438 resistance might send the price towards the $0.465 resistance. The next key resistance is near the $0.480 level. Any more gains might send the price towards the $0.50 level in the coming days.
Dips Limited in XRP?
If ripple fails to clear the $0.415 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.381 level, the trend line, and the 100 simple moving average (4-hours).
The next major support is near $0.350. If there is a downside break and close below the $0.350 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support.
4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $0.381, $0.365 and $0.350.
Major Resistance Levels – $0.415, $0.438 and $0.480.
Biggest Movers: XRP Climbs To 3-Week High, DOGE Nearly 10% Higher
Xrp rallied to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token rose to its highest level since early November, as prices surged for a fifth straight session. Dogecoin also hit a multi-week high, rising by nearly 10% today.
XRP, formerly known as ripple, rose for a fifth straight session on Friday, with the token rallying to a three-week high.
Following a low of $0.3792 on Thursday, XRP/USD rose to an intraday high of $0.4169 earlier today.
The move saw XRP climb to its highest point since November 8, when the token was trading at $0.4667.
Looking at the chart, bullish momentum intensified once the token broke out of a ceiling at $0.4050.
In addition to this, the relative strength index (RSI) of 14-days has also surged, and is now hovering marginally below a resistance at the 50.00 level.
As a result, XRP has moved lower, with price trading at $0.4039 as of writing.
Dogecoin (DOGE) was another notable mover in today’s session, as the token also rallied to a multi-week high.
DOGE/USD rose to a peak of $0.09099, less than a day after prices were trading at a bottom of $0.08089.
This surge in price has pushed the meme coin to its strongest point since November 14, and comes following a breakout of its $0.0870 ceiling.
Prices have since slipped from earlier highs, which, like XRP above, comes after a collision with a wall on the RSI indicator.
As of writing, the index is tracking at 51.22, which is marginally below a ceiling of 51.50.
Currently, dogecoin is trading at $0.08749, which is roughly 8% higher than yesterday’s low.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect dogecoin to extend recent gains throughout the weekend? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
XRP Price Prediction: Why The Bulls Could Aim Fresh Rally To $0.45
Ripple remained well bid above the $0.35 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.45 level.
- Ripple started a decent increase from the $0.32 support zone against the US dollar.
- The price is now trading above $0.350 and the 100 simple moving average (4-hours).
- There was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair could start a strong increase if it clears the $0.400 resistance zone.
Ripple Price Eyes Fresh Increase
After a strong decline, ripple’s XRP formed a base above the $0.320 zone against the US Dollar. The price started a decent increase above the $0.335 and $0.340 resistance levels.
The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair.
XRP is rising steadily above the 100 simple moving average (4-hours) and outperforming both bitcoin and ethereum. The price is now facing hurdles near $0.395 and $0.400. The first major resistance is near the $0.415 level.
The 50% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low is also near the $0.415 level. A successful break above the $0.415 resistance might send the price towards the $0.450 resistance.
Source: XRPUSD on TradingView.com
The next key resistance is near the $0.465 level. Any more gains might send the price towards the $0.50 level in the coming days.
Dips Supported in XRP?
If ripple fails to clear the $0.415 resistance zone, it could slowly move down. An initial support on the downside is near the $0.380 level and the 100 simple moving average (4-hours).
The next major support is near $0.345. If there is a downside break and close below the $0.345 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support.
4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $0.380, $0.345 and $0.320.
Major Resistance Levels – $0.400, $0.415 and $0.450.
National Bank Of Ukraine Unveils E-Hryvnia Concept
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the...
Manitoba Halts New Crypto Mining Projects Due To Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province,...
UNI is ripe for buying opportunities after a bullish crossover, but…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s...
Compound tightens its rules to prevent Aave-like exploit, details inside
Compound DAO had voted unanimously to implement changes in the rules of the protocol This move was motivated by the...
Professional Liability Insurance for Traders
Professional liability insurance is a crucial protection for traders, allowing them to safeguard their investments and clients. In addition, without...
Data Shows There’s No Profits Left For Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value...
PancakeSwap’s progress may not sit well with investors, is CAKE the culprit
CAKE planning to bring a new Syrup Pool/Farm on PancakeSwap However, days ahead might get harder as metrics and indicators...
1 Minute Review MoneyGram is one of the largest money transfer services in the world, with over 400,000 agent locations....
Where Is The Ethereum Price Headed Next After Clearing This Resistance
The Ethereum price has finally been able to break above the $1,233 resistance mark. Over the last 24 hours, the...
Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov
Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov Soumen Datta · 1 hour ago · 1...
ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors...
XeggeX sets industry standards for exchange transparency
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › The...
Binance Coin (BNB), Polkadot (DOT), And Bitgert (BRISE) Price Prediction This December – Investors Will Love This
Binance Coin (BNB), Polkadot (DOT), and Bitgert (BRISE) Price Prediction This December – Investors Will Love This The last month...
Coinbase Drops XRP & Other Tokens, Cites Low Activity
As the FTX saga continues, all eyes are on crypto exchanges: Coinbase, Crypto.com, Binance and the like all have hefty...
Crypto exchange Kraken to start layoffs as crypto winter persists
Kraken plans to lay off nearly 30 percent of its overall headcount because of crypto winter The company is providing...
Biggest Movers: LTC Nears 6-Month High, As Near Rebounds From Recent Lows
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high....
Kraken to layoff 1,100 people to ‘adapt to current market conditions’
Kraken to layoff 1,100 people to ‘adapt to current market conditions’ Samuel Wan · 7 hours ago · 1 min...
Bitcoin Bearish Signal: NVT Golden Cross Enters Sell Zone
On-chain data shows the Bitcoin NVT golden cross has now entered into the “sell” zone, something that could be bearish...
Runfy5 days ago
Ethereum And Avalanche Displays Yearly Declines In Prices: Could Presale Tokens Like Runfy Be A More Viable Crypto Purchase?
Bankruptcy6 days ago
Bahamas Securities Commission calls FTX CEO John Ray’s allegations inaccurate; says its actions were ‘misinterpreted’
bitcoin bonds5 days ago
El Salvador Establishes National Bitcoin Office To Manage ‘All Projects Related To The Cryptocurrency’
Oryen6 days ago
Oryen Network Presale Promises Massive Returns, Early Backers Already Over 2X – Buy Alongside Cosmos And Polkadot
2013-20154 days ago
After More Than 380 Days, Crypto Supporters Celebrate Surviving The Second-Longest Bitcoin Bear Market
Orbeon Protocol6 days ago
Unhappy Holders Sell Off TRON (TRX) And Stacks (STX), Orbeon Protocol (ORBN) Presale Sees 125% Price Increase
Orbeon Protocol6 days ago
Orbeon Protocol (ORBN) Sees 125% Surge In Presale, Filecoin (FIL) And Solana (SOL) Leave Investors Disappointed
Dogecoin6 days ago
New Token Builds ROI Ecosystem – Will Twitter Do Same With Dogecoin?