Connect with us

#Ripple Price Analysis

Ripple Price Analysis: Will XRP fall below $0.33?

Published

on

Ripple price is still in a bear trend with the ongoing selling pressure in the market. XRP is trying to recover back above $0.36 but it is facing hurdles.

Support Level: $0.33

Resistance Level: $0.355

Key Points

  • Ripple price could not break the key resistance around $0.36 due to which the price declined further.
  • With the price moving below $0.355, a new resistance was set around $0.355 which can push the price further between $0.34 to $0.33.
  • Ripple price is currently at a risk of further declines with the major support at $0.33.

 

Ripple price is still in a bear trend with the ongoing selling pressure in the market. XRP is trying to recover back above $0.36 but it is facing hurdles in between pushing down the price.

Ripple Price Analysis

XRP is facing a bearish trend from past couple of weeks. Recently, XRP crashed down from $0.375 to $0.34 breaking the key support at $0.35 due to which the price crashed down testing the next support at $0.34. Ripple price is currently trying to recover but there is massive selling pressure in the market which is creating a hurdle for XRP to rise. The new key resistance around $0.355 which can likely stop the price to recover further.


 

Currently, XRP is trading around $0.3539 according to CoinGecko Charts. The daily Ripple price chart clearly denotes that XRP is trying hard to recover but the selling pressure is too high. If the selling pressure keeps on increasing, the price will likely fall below $3.4 or even $0.33 range after which the major support lies at $0.31.

#Ripple Price Analysis

Ripple Price Analysis: Will XRP recover?

Published

on

Ripple is currently in recovery mode with the price starting to gain momentum above $0.3. The price may recover higher in short-term.

Technical Indicators:

Support Level: $0.29
Resistance Level: $0.31

 

Key Points:

  • Ripple was facing a bearish momentum from the past couple of weeks but recently started to correct upwards against USD.
  • Ripple broke the key resistance around $0.3 to move upwards on the 24-hour chart.
  • Ripple price is likely to recover above $3.05 and face the new key resistance around $3.1 and $0.32.

Ripple is currently in recovery mode with the price starting to gain momentum above $0.3. The price may recover higher in short-term and will likely face the resistance between $0.31 and $0.32.

 

Ripple Price Analysis

Ripple formed a new support around $0.29 and started to recover above $0.3. The coin is currently in a positive zone and likely to show more recovery against USD. As the price is moving upwards there are quite a few supports between $0.29 and $0.3 which are helping the price to recover.

XRPUSD monthly chart

XRPUSD monthly chart

As long as the support above $0.29 is robust, the price will recover more. The key resistance is at $0.31 and Ripple may try to break this point in short-term and will likely move above this range if the buyers remain in pace. In the monthly chart, however, Ripple is still in a bearish zone and may not be able to recover back to its monthly high for a long time. Ripple is currently trading at $0.30801 whereas the monthly high is above $0.52 which is nearly impossible to reach in short term.

 

 

Note: The following article is not a financial advice and only depicts the viewpoints of the writer. The readers are advised to do their own research and analysis before investing or trading in any digital assets such as XRP. 

Continue Reading

#Ripple Price Analysis

Ripple Price Analysis: Will XRP fall or rise?

Published

on

Supports: $0.36, 0.37
Resistance: $0.4

 

Key Points:

  • Ripple price showed a little bearish momentum and moved above $.38
  • XRP’s current support lies around $3.6 and $3.7
  • Ripple price can drop a little but is supported nicely above $3.6.

Ripple price gained traction and moved upwards with the price of bitcoin with the current support level of $0.36.

Ripple Price Analysis

Ripple price moved upwards yerterday as the cryptocurrency market started its correction. Once the price moved above $0.36, it started to gain a bullish momentum rising up to $0.4 resistance level.

After the resistance proved to be quite strong, the Ripple price started a downward correction and fell below $0.39. Ripple has a good support between $.36 and $3.7.

 

XRPUSD 2 day chart

XRPUSD 2 day chart

Looking at the 2 day chart, Ripple price is positioned in a bullish zone above the key supports at $3.6 and $3.7. The price is expected to rise above $0.4 with the bulls trying to gain pace.

Continue Reading

#Ripple Price Analysis

Ripple Price Analysis: XRP falling below 0.4?

Published

on

Ripple price neglected to pick up force against the US Dollar and Bitcoin. XRP/USD is down beneath $0.4300 and it could keep on moving down.
Prev1 of 2
Use your ← → (arrow) keys to browse

MACD – Back in the bearish zone.

Relative Strength Index – Underneath the 50 level.

Support Level – $0.4000

Resistance Level – $0.4450

 

Key Points

  • Ripple price neglected to move over the $0.4400 and $0.4500 resistances and declined against the US dollar.
  • There was a drawback break underneath a contracting triangle with support at $0.4300 on the hourly diagram of the XRP/USD.
  • The pair is probably going to break the ongoing low of $0.4000 to expand the current decrease in the close term.

Ripple price neglected to pick up force against the US Dollar and Bitcoin. XRP/USD is down beneath $0.4300 and it could keep on moving down.

 

Ripple Price Analysis

The previous three sessions were truly bearish as ripple price neglected to break the $0.4500 resistance against the US Dollar. The XRP/USD pair even attempted to clear the $0.4400 resistance and stayed well beneath the 100 hourly basic moving normally. Amid the decay, there was a break underneath the 61.8% Lie retracement dimension of the ongoing wave from the $0.4006 low to $0.5010 high.

In addition, there was a drawback break beneath a contracting triangle with support at $0.4300 on the hourly outline of the XRP/USD pair. The pair is currently exchanging admirably underneath the $0.4400 resistance and the 100 hourly SMA. The current price activity is obviously negative beneath the 76.4% Lie retracement dimension of the ongoing wave from the $0.4006 low to $0.5010 high. It appears as though there are high odds of more misfortunes underneath the $0.4060 support. On the off chance that sellers gain control, the price may even clear the $0.4000 support zone for an all-encompassing decay.

 

XRPUSD 24 hour chart

XRPUSD 24 hour chart

Prev1 of 2
Use your ← → (arrow) keys to browse

Continue Reading
Advertisement BitcoinAdvertising.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 3781.44771351
  • ETH
    Ethereum(ETH) 103.79093531
  • EOS
    EOS(EOS) 2.6214959555
  • BCH
    Bitcoin Cash(BCH) 116.18841572
  • LTC
    Litecoin(LTC) 30.5391348064
  • TRX
    TRON(TRX) 0.0160116926
  • ADA
    Cardano(ADA) 0.0358155785
  • DASH
    Dash(DASH) 75.9632501944
  • XEM
    NEM(XEM) 0.0686118207

Trending