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Ripple (XRP) And Cardano (ADA) Are Tanking Amid The FTX/Binance Drama

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Ripple (XRP) And Cardano (ADA) Are Tanking Amid The FTX/Binance Drama

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.

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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.

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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).

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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!

Website: https://www.thehideaways.io

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The post Ripple (XRP) and Cardano (ADA) are Tanking Amid the FTX/Binance Drama appeared first on Analytics Insight.

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Ripple

XRP Price Prediction: Smashing This Resistance Might Trigger Rally

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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.

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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.

Technical Indicators

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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.

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Analysis

Biggest Movers: XRP Climbs To 3-Week High, DOGE Nearly 10% Higher

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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

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.

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The move saw XRP climb to its highest point since November 8, when the token was trading at $0.4667.

XRP/USD – Daily Chart

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)

Dogecoin (DOGE) was another notable mover in today’s session, as the token also rallied to a multi-week high.

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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.

DOGE/USD – Daily Chart

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.

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Do you expect dogecoin to extend recent gains throughout the weekend? Let us know your thoughts in the comments.

Eliman Dambell

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.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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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.

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Ripple

XRP Price Prediction: Why The Bulls Could Aim Fresh Rally To $0.45

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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.

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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.

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Technical Indicators

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.

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