Ethereum News Daily Official TheBitTimes.com

The XRP price pumped 5% in the last 24 hours to trade at $1.50 as of 04:44 a.m. EST on trading volume that plunged 13% to $12.3 billion, according to CoinGecko. XRP Price On A Sustained Bullish Rally This XRP/USD chart shows a significant bullish trend for the XRP price, with a clear breakout from a consolidation phase followed by a strong uptrend. Meanwhile, the price of XRP is trading well above both the 50-day (blue line) and 200-day (light blue line) moving averages. This indicates strong upward momentum. After a parabolic rise, the price of XRP then went through some cooling off, which caused XRP to plunge from the $1.56 resistance to the $1.28 support zone. However, the bulls have used this support to propel the token up, forming a rounding bottom pattern. The rounding bottom pattern is a bullish reversal pattern, which could see the price of XRP soar even higher. The Relative Strength Index (RSI) has recovered from overbought territory (>70) during the parabolic move a...

The Bonk price dropped 4% in the last 24 hours to trade at $0.00002327 as of 00:16 a.m. EST on trading volume that surged 30% to $370 million. Bonk Price Aiming For A Bullish Breakout The Bonk price action shows a sideways consolidation following a strong downward move from mid-July to early September. However, since late September, the price has been trading within a range (bounded by red boxes), indicating the market is in a consolidation phase, potentially building towards the next move. According to data from GeckoTerminal , the BONK price is currently trading within the $0.00002536 resistance and the $0.00002026 support level. The price is currently under the 50-day SMA, which suggests short-term downward pressure. However, the 200-day SMA is at 0.00002156; it is still below the price, indicating that the long-term trend is bullish overall. The 50-day SMA is trending above the 200-day SMA, known as a golden cross and typically a bullish long-term signal, even though short-ter...