285 days ago

XRP Price Grinds Higher: Is A Break Above $0.60 Imminent?

XRP price extended its increase above the $0.550 resistance zone. The price is showing positive signs and might extend gains above $0.5850 and $0.600. XRP price started another increase above the $0.550 resistance zone. The price is now trading above $0.550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5620 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.600 resistance level. XRP Price Regains Strength XRP price formed a base above the $0.525 level and started a fresh increase. The price broke the $0.5450 resistance to move again into a positive zone like Ethereum and Bitcoin. There was also a move above the $0.5650 resistance level. A high was formed at $0.5925 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $0.5330 swing low to the $0.5925 high. The price is now trading above $0.5550 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $0.5620 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.5950 level. The first major resistance is near the $0.600 level. The next key resistance could be $0.620. A clear move above the $0.620 resistance might send the price toward the $0.6380 resistance. The next major resistance is near the $0.650 level. Any more gains might send the price toward the $0.6880 resistance. Are Dips Supported? If XRP fails to clear the $0.600 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5620 level, the trend line, and the 50% Fib retracement level of the upward move from the $0.5330 swing low to the $0.5925 high. The next major support is at $0.550. If there is a downside break and a close below the $0.550 level, the price might continue to decline toward the $0.5350 support in the near term. 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 – $0.5620 and $0.5500. Major Resistance Levels – $0.5950 and $0.6000.

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bybit Introduces API Access for On-Chain Earn and Flexible Savings

DUBAI, UAE, April 28, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, now offers API access for its On-Chain Earn and Flexible Savings products. Expansion to other Earn product types is currently in progress. Full technical specifications and integration instructions are available in the official API documentation . This new integration gives institutional users and developers the ability to connect directly with Bybit’s infrastructure, enabling efficient, automated, and scalable management of their yield-generating strategies. Bybit’s On-Chain Earn products allow users to earn rewards by participating in blockchain-based (or “on-chain”) financial opportunities such as staking and liquidity protocols. These products provide users with a DeFi-like experience by enabling interaction with smart contracts on public blockchains without the need for technical expertise. Staking in the crypto world often demands significant technical know-how and dedicated hardware, making it inaccessible for many. Bybit’s On-Chain Earn removes these barriers by handling the complexities behind the scenes — including gas fees, node operations, and reward distribution — so users can stake with ease and confidence. An API, or Application Programming Interface, is a tool that allows different software systems to communicate. Bybit’s API allows developers and institutional users to programmatically access On-Chain Earn and Flexible Savings functions through their own platforms, enhancing customization and operational control. “Bridging centralized access with decentralized opportunity is one of our core missions,” said Jerry Li, Head of Earn & Wealth Management at Bybit. “With API support for On-Chain Earn, we’re giving power users the infrastructure they need to build, manage, and fine-tune strategies with the speed and precision the market demands.” The API offers structured access to key functions, including: An overview of currently available On-Chain Earn products, with filters by token and product category (LST, non-LST, or Mint), Detailed product data such as estimated APYs, staking terms, redemption timelines, minimum and maximum limits, exchange rates, and reward distribution mechanisms, Historical and real-time tracking of staking and redemption, Summaries of current positions and accrued rewards, Programmatic access to eligible Earn products for subscription and redemption, tailored to each supported mechanism. This release marks a key step in Bybit’s continued efforts to support advanced users with infrastructure that connects centralized tools to decentralized finance opportunities. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube NewsBTC

SNEK is available for trading!

We’re thrilled to announce that SNEK is now available for trading on Kraken! Funding and trading SNEK trading will be live as of 15:00 UTC today, Apr 28, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken Here’s some more information about these assets: Snek ( SNEK ) SNEK is a deflationary memecoin on Cardano, created to unite the community and make Web3 accessible through fun and innovation. Rooted in internet culture and fueled by a passionate online following, SNEK serves as a cultural bridge, bringing energy, creativity and inclusivity to the evolving decentralized finance ecosystem. Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. The post SNEK is available for trading! appeared first on Kraken Blog . NewsBTC