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XRP Price Eyes Range Break, Bulls Prepare for Upside Move
newsbtc60d ago

XRP Price Eyes Range Break, Bulls Prepare for Upside Move

XRP price started a decent increase above $1.3650. The price is now consolidating gains and might aim for more gains above the $1.3880 zone. XRP price started a steady upward move above the $1.3620 zone. The price is now trading above $1.3650 and the 100-hourly Simple Moving Average. There was a break above a rising channel with resistance at $1.3400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3880. XRP Price Aims Key Upside Break XRP price started a fresh upward move above $1.350 and $1.3550, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.3620 resistance. Earlier, there was a break above a rising channel with resistance at $1.3400 on the hourly chart of the XRP/USD pair. The bulls even pumped the price toward the $1.3850 zone. A high was formed at $1.3836, and the price started a minor pullback. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.320 swing low to the $1.3836 high. The price is now trading above $1.3650 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3750 level. The first major resistance is near the $1.3850 level, above which the price could rise and test $1.3880. A clear move above the $1.3880 resistance might send the price toward the $1.4120 resistance. Any more gains might send the price toward the $1.4250 resistance. The next major hurdle for the bulls might be near $1.450. Downside Correction? If XRP fails to clear the $1.3850 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.360 level. The next major support is near the $1.3520 level or the 50% Fib retracement level of the upward move from the $1.320 swing low to the $1.3836 high. If there is a downside break and a close below the $1.3520 level, the price might continue to decline toward $1.3440. The next major support sits near the $1.3320 zone, below which the price could continue lower toward $1.3250. The main support could be $1.3120. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3600 and $1.3520. Major Resistance Levels – $1.3880 and $1.40.

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Dollar steady as US blocks Iranian ships, diplomacy presses on
brecorder60d ago

Dollar steady as US blocks Iranian ships, diplomacy presses on

TOKYO: The dollar was steady on Tuesday but ‌set for a seventh straight daily drop, as markets weighed supply risks from a US blockade of Iranian shipping in the Strait of Hormuz against hopes for a diplomatic breakthrough between Washington and Tehran. The dollar index , which measures the greenback against a basket of currencies including the yen and ​the euro, rose 0.05% to 98.39, hovering near its lowest since March 2, the first trading day after the ​U.S.-Israeli war with Iran erupted. The dollar’s seven-day losing streak would be its first since December last year. The ⁠euro rose 0.02% to $1.1759, while sterling tacked on 0.01% to $1.3505.. The yen edged up 0.16% to 159.19 per dollar. US President Donald Trump said the ​US military began a blockade of ships leaving Iran’s ports on Monday, but added Iran had been in touch and wanted to make a ​deal with Washington despite a tense weekend meeting in Islamabad. Reuters reported negotiations between Washington and Tehran were still alive while US Vice President JD Vance said in an interview the US expects Iran will make progress on opening the Strait of Hormuz . The series of comments “has brought some relief to the markets, as ​it has renewed the possibility of a diplomatic resolution,” said Keiichi Iguchi, senior strategist at Resona Holdings. The greenback has benefited ​from a safe-haven bid since the conflict began, and the U.S., a net energy exporter, is also relatively better positioned to handle oil disruptions ‌than ⁠other nations. U.S. crude futures were down more than $2 in early Asian trade at $96.99 a barrel. The Japanese yen, though, remains vulnerable to selling pressure on concerns that the nation’s trade balance will deteriorate as the risk of crude oil price staying elevated increases, Iguchi said. Moreover, chances of an interest rate hike this month by the Bank of Japan, once seen as a strong possibility, have receded ​as fading hopes for an end ​to the Iran war ⁠keep markets volatile and muddy the economic outlook, . Interest rate swaps on Monday indicated a 40% chance of a BOJ rate hike this month, down from 57% from Friday, according ​to Tokyo Tanshi data. “We’re very much of the view that if the BOJ decides to stand ​pat at the ⁠end of April, then the risks are that the dollar-yen exchange rate is going to punch up through 160 (yen against the dollar),” said Ray Attrill, head of forex strategy at National Australia Bank, in a podcast. Markets see 160-yen-per-dollar as a red line that raises the ⁠odds of ​intervention. BOJ Governor Kazuo Ueda on Monday emphasised vigilance against fallout from the Iran war, shifting ​focus from the central bank’s usual pledge to steadily raise interest rates. The Australian dollar weakened 0.23% versus the greenback to $0.7078. New Zealand’s kiwi weakened 0.15% versus the ​greenback to $0.5857. In cryptocurrencies, bitcoin gained 1.66% to $74,409.95. Ethereum rose 5.17% to $2,369.96.

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EUR/USD Soars: Pair Hits 1.1765-1.1770, Highest Since March as Iran Diplomacy Sparks Dramatic Dollar Sell-Off
bitcoinworld60d ago

EUR/USD Soars: Pair Hits 1.1765-1.1770, Highest Since March as Iran Diplomacy Sparks Dramatic Dollar Sell-Off

BitcoinWorld EUR/USD Soars: Pair Hits 1.1765-1.1770, Highest Since March as Iran Diplomacy Sparks Dramatic Dollar Sell-Off The EUR/USD currency pair staged a powerful rally in European trading, decisively breaking through key resistance to reach the 1.1765-1.1770 zone—a level not seen since early March. This significant move, observed on October 26, 2025, primarily reflects a broad-based sell-off in the US dollar, fueled by renewed optimism surrounding diplomatic efforts to revive the Iran [...] This post EUR/USD Soars: Pair Hits 1.1765-1.1770, Highest Since March as Iran Diplomacy Sparks Dramatic Dollar Sell-Off first appeared on BitcoinWorld .

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Australian Dollar Defies Gravity: AUD Slips Despite RBA’s Unwavering Hawkish Stance
bitcoinworld60d ago

Australian Dollar Defies Gravity: AUD Slips Despite RBA’s Unwavering Hawkish Stance

BitcoinWorld Australian Dollar Defies Gravity: AUD Slips Despite RBA’s Unwavering Hawkish Stance SYDNEY, March 2025 — The Australian Dollar edged lower in Thursday’s trading session, presenting a puzzling divergence from the Reserve Bank of Australia’s reinforced hawkish monetary policy bias. This unexpected movement occurred despite clear signals from the central bank about potential interest rate adjustments. Market analysts immediately scrutinized the currency’s behavior against major counterparts, particularly [...] This post Australian Dollar Defies Gravity: AUD Slips Despite RBA’s Unwavering Hawkish Stance first appeared on BitcoinWorld .

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Safe-haven dollar sinks slowly as traders hope for Mideast breakthrough
channelnewsasia60d ago

Safe-haven dollar sinks slowly as traders hope for Mideast breakthrough

TOKYO, April 14 : The safe-haven dollar edged toward a seventh straight daily decline on Tuesday as investors positioned for a possible diplomatic breakthrough in the Middle East, even as the Gulf remained all but closed to energy shipments.The U.S. currency drifted between steady and slightly softer against

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Oil rally lifts hopes, but reality bites
nst60d ago

Oil rally lifts hopes, but reality bites

KUALA LUMPUR: Volatile crude prices, whipsawed by the escalating US-Iran conflict, have reignited hopes of a profit windfall for Malaysia’s mid-tier oil and gas players, with some potentially eyeing the RM500 million mark.

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