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#Ripple Price Analysis

Ripple Price Analysis: Will XRP Fall Back?

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Ripple price is in a bearish trend against the US Dollar as well as Bitcoin. XRP might keep moving downwards and even break the support around $0.2850.

Technical Indicators

Significant Support Level – $0.2850

Significant Resistance Level – $0.2950

 

  • Ripple price slid downwards to test the support around $0.2840 and 0.2850.
  • There is a bearish pattern line formed with resistance around $0.2920 on the hourly chart.
  • XRP is trying to make corrections but a large number of sellers are placed around $0.2920, $0.2950 and $0.3000.

Ripple price is trying to correct from the recent crash. XRP could start declining again after it is able to correct to around $0.2920-0.2950.

 

Ripple Price Analysis

Ripple price had a sharp downward slide Yesterday underneath the major support around $0.3000. XRP  continued to slide downwards to stay in a bearish zone and even broke the $0.2920 and $0.2900 support levels. However, the support around  $0.2840 and 0.2850 support proved a bit strong after which ripple price started its correction phase. The price is as of now trading close to the 23.6% FIB retracement dimension of the last fall from the $0.2987 high to $0.2850 low. There are a number of resistances on the upside around $0.2920, $0.2960 and $0.3000.

XRPUSD Price Chart

XRPUSD Price Chart

A bearish pattern line is formed with resistance around $0.2920 on the hourly chart. If XRP is able to break the upcoming resistance then the next resistance lies around $0.2940 and the 100 hourly SMA. To have a good recovery, the price must break the $0.2950 and $0.3000 resistance levels. If not, the price stays at danger of falling underneath $0.2880 and $0.2850. After which the only major support left for Ripple is around $0.2800.

Taking a look at the chart, ripple price is trading underneath the $0.2950 resistance and the 100 hourly SMA. It is overall in a strong bearish zone and the current upside correction is going to face a number of sellers around $0.2950.

#Ripple Price Analysis

XRP to USD: Ripple Price Analysis, XRP Going to Surge?

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Ripple price is well supported at $0.3070 and moving upwards. XRP might test the resistance around $0.3170 if it is able to break above $0.3120 resistance.

Technical Indicators:

Support Level: $0.3070

Resistance Level: $0.3120

 

Key Points:

  • Ripple price started a downward correction after rising up to $0.3169.
  • XRP fell below $0.3100 support level however, the support around $0.3070 proved strong enough to stop further losses.
  • Ripple price was able to break through a bearish pattern line that was formed on the hourly chart with resistance around $0.3080.
  • If XRP is able to break through $0.3120 resistance, a new bullish trend is foreseen.

 

Ripple Price Analysis:

Summary: Ripple price is well supported at $0.3070 and moving upwards. XRP might test the resistance around $0.3170 soon if it is able to break above $0.3120 resistance.

Ripple price showed bullish moves last week rising over $0.3100 resistance level. XRP broke through $0.3150 resistance and was able to close over the 100 hourly SMA. XRP tested the $0.3170 resistance level and went up to $0.3169 before starting a downward correction. The selling pressure was high and thus the price moved beneath $0.3120 and $0.3100 support levels. However, the support around $0.3070 and the 100 hourly SMA proved strong enough to stop further losses.

XRP price started a fresh upward move from $0.3070 support level. It was able to break through the bearish pattern line that was formed on the hourly chart with resistance around $0.3080. Ripple is currently trading well over $0.3080 support and the 100 hourly SMA. The current resistance lies around $0.3120 above which the momentum shall turn bullish and XRP might soon test $0.3150 and $0.3170 resistance levels.

XRPUSD Price Chart 1 April

XRP/USD Price Chart 1 April

The chart shows that Ripple price is  currently well situated above $0.3070 support level and moving upwards. If the current support is broken, XRP might test the next support around $0.3030. However, a break above $0.3120 resistance level might turn the overall momentum bullish.

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#Ripple Price Analysis

XRP to USD: Ripple Price Analysis, Ready for gains?

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Ripple price recently crashed to a weekly low of around $0.2920 and later corrected upwards. XRP was able to gain bullish momentum above $0.3000.

Technical Indicators:

Support Level: $0.3000

Resistance Level: $0.3100

 

Key Points:

  • Ripple price recently broke downwards following bitcoin and ethereum.
  • XRP tested the support around $0.2920 and later corrected upwards above $0.30000 resistance.
  • Ripple’s upward momentum was also able to break through the bearish pattern which was being formed with resistance around $0.3010 on the hourly chart.
  • Ripple price gained force and quickly moved over $0.3020 resistance level.

 

Ripple Price Analysis:

Summary: Ripple price recently crashed to a weekly low of $0.2913 and later corrected upwards. XRP was able to gain bullish momentum above $0.3000.

Ripple price declined sharply yesterday below $0.3000 support level. XRP tested the $0.2920 support level before starting to correct upwards. Buyers were able to push the price upwards over $0.3000.

The buying pressure increased bullish momentum and the price soon moved over $0.3020 resistance level. Also, the bearish pattern line which was being formed on the hourly chart was also broken. Currently, XRP is in a bullish momentum trying to move upwards.

There might be a downward correction, however, Ripple price might test the next resistance soon and if it is able to break through the $0.3060 and $0.3080 resistance level, it will move into a bullish zone.

XRPUSD Price Chart 27 March

XRP/USD Price Chart 27 March

The chart shows that XRP was able to correct upwards after falling up to $0.2913. Ripple gained bullish momentum after moving over $0.3000 level. However, the buyers really need to break through $0.3060, $0.3080 and $0.3100 resistance levels in order to turn the overall momentum bullish.

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#Ripple Price Analysis

Ripple Price Analysis: XRP going to fall or rise?

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Technical Indicators:

Support Level: $0.3150

Resistance Level: $3200

Key Points:

  • Ripple price is currently trading in positive momentum, however, there are a lot of hurdles on the way.
  • XRP has good support around $0.3100.
  • Ripple price broke the resistance around $0.3150, however, the major resistance lies at $0.3200.
  • XRP was able to break through a bearish pattern that was formed with resistance at $0.3150 on the hourly chart.
  • The price is currently facing a major resistance around $0.3200 which is pushing the price downwards

 

Ripple Price Analysis

Summary: Ripple price was unable to cross through the $0.3200 resistance level and hence corrected downwards. However, the overall momentum is still bullish and XRP will probably rise higher in the short term.

Ripple is currently in a bullish momentum with support at $0.3200. XRP was able to break the $0.3120 and $0.3140 resistance to move higher. XRP was also able to close above the 100 hourly SMA. Also, Ripple was broke through a bearish pattern line that was formed with resistance at $0.3150 on the hourly chart.

Ripple price also went above $0.3180 resistance level, however, when XRP tested the major resistance around $0.3200, it was strong enough to push the price back downwards.  A nice support is formed at $0.3150 which was earlier the resistance level and is now stopping the price from further falling.  If XRP is able to remain above $0.3150, it might break through the $0.3200 resistance soon.

XRPUSD Price Chart

XRPUSD Price Chart

The chart shows that Ripple price is currently struggling to break through the $0.3200 resistance zone. If XRP falls below $0.3150 support level, it might result in a sharp drop. However, if XRP is able to break through the resistance soon, there are chances of the price testing the $0.3300 resistance soon.

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