FOMC

Bitcoin

mini

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-price-increases-before-fomc-announcement/" data-wpel-link="internal">XRP Price Increases Before FOMC Announcement</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://en.coin-turk.com/ripple-and-sec-continue-their-legal-battle/" data-wpel-link="internal">XRP</a> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> increased by 5% on June 12, reaching $0.49, but gains were erased after the main FOMC announcement. Bitcoin price, on the other hand, is at a critical support level. Although strong and previously tested several times, if the support breaks, Bitcoin price could fall to $57,000.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-with-xrp">What’s Happening with XRP?</h2> 
<p class="p1" style="text-align: justify">XRP’s price has been volatile for the past two months. After rising during the mini rally in February-March, XRP has not reached these high levels again. Currently, the asset fluctuates between $0.55 and $0.47. Additionally, XRP price movement is below the 50-day and 200-day simple moving averages, which is not a positive development for the asset.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-362350 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/xrp-2.jpg" alt="" width="1280" height="565"></p> 
<p class="p1" style="text-align: justify">However, XRP’s weekly macro chart shows a bullish scenario where the asset is in an uptrend. Zooming out can provide a better perspective as it filters out hourly or daily noise to show a clear trend. XRP price has been testing low levels for the last 728 days. In a bearish scenario, there are two main support zones that will keep the asset afloat: $0.45 and $0.43 levels.</p> 
<p class="p1" style="text-align: justify">At the second support level, XRP will still remain above the previous low and maintain the uptrend. Conversely, a rise from here could cause XRP price to reclaim the $0.55 level before targeting $0.72. On the other hand, Bitcoin price seems to be surpassing the $66,000 support level, aiming for $72,000. Both Bitcoin and XRP are in consolidation zones and need to decide on a direction soon.</p> 
<h2 class="p1" style="text-align: justify" id="notable-details-for-ripple">Notable Details for Ripple</h2> 
<p class="p1" style="text-align: justify">Ripple is at the forefront of integrating banks into blockchain, but XRP’s price has been under pressure for a long time, especially since the legal process between Ripple and the SEC began, XRP price has remained largely stable.</p> 
<p class="p1" style="text-align: justify">Meanwhile, Ripple Labs and XRP developers continue to advance in <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">technology</a> and collaboration by establishing irresistible fundamentals. Recently, Ripple partnered with Archax to integrate real-world assets (RWA) worth hundreds of millions of dollars, tokenized, into the XRP Ledger (XRPL) network.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/xrp-price-increases-before-fomc-announcement/" data-wpel-link="internal">XRP Price Increases Before FOMC Announcement</a></h5>

XRP Price Increases Before FOMC Announcement

Table of Contents

COINTURK NEWS

Other articles published on Jun 14, 2024

This Crypto Altcoin Is a Sleeping Giant

Paradigm Secures $850M for Crypto Fund

MoonBag Coin to Hit $0.25 by November; Can BitBot & Bonk Catch Up on Its High Staking Rewards?

Crypto News Today: Market Plunge Follows U.S. Data Release

UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash

Bitcoin Dips Below $67K Again, Investors Buy

Join our free newsletter for daily crypto updates!