Kraken’s XRP/USD Pair in Focus as XRP Price Tests Key Support Levels
XRP price has shown notable resilience after a brief correction, maintaining its position above the crucial $2.220 support level. Earlier, the cryptocurrency surged past $2.30, outperforming major players like Bitcoin and Ethereum, before settling near $2.2650. Market participants are closely monitoring Kraken’s XRP/USD pair for signs of the next major move. A contracting triangle formation on the hourly chart hints at potential upward momentum, provided bears fail to push the price decisively below $2.220. The coming days could be pivotal for XRP’s short-term trajectory as traders weigh bullish and bearish scenarios.
XRP Price Takes a Breather — Can Bulls Bounce Back from Here?
XRP price shows resilience after a brief correction, holding above the critical $2.220 support level. The cryptocurrency initially surged past $2.30, outperforming Bitcoin and Ethereum, before retreating to current levels NEAR $2.2650.
A contracting triangle formation on the hourly chart suggests potential for another upward move unless bears force a decisive break below $2.220. market participants watch Kraken’s XRP/USD pair for signs of renewed bullish momentum as the asset consolidates.
Bitcoin Price Rally Incoming? Bulls Target $95K and Beyond
Bitcoin’s price resurgence above $94,000 signals growing bullish momentum, with traders eyeing a potential breakthrough past the $95,500 resistance level. The cryptocurrency has maintained strong support above $92,500, reinforcing investor confidence.
Technical indicators show BTC trading comfortably above its 100-hour moving average, though a bearish trend line at $95,000 on the hourly chart presents a near-term challenge. Market activity suggests accumulation at the $93,000 support level could fuel the next leg upward.
The Kraken exchange data reveals a classic consolidation pattern, with the recent dip to $92,970 serving as a springboard for renewed buying pressure. Traders appear positioned for another attempt at higher price discovery should key resistance levels break.
