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#Ripple Price Analysis

Ripple Price Analysis: Will XRP fall or rise?

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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.

#Ripple Price Analysis

Ripple Price Analysis: Is XRP actually bullish?

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Ripple price is holding a couple of essential supports. XRP is probably going to increase bullish force once buyers are able to break the $0.3080 and $0.3100 resistance levels.

Technical Indicators

Support Level – $0.2990

Resistance Level – $0.3080

  • Ripple price shaped strong support around $0.2940 and traded higher against the US dollar.
  • There was a break over two bearish pattern lines with resistance around $0.2980 on the hourly chart of the XRP/USD.
  • XRP tested the $0.3040 and $0.3050 resistance levels, where major selling pressure came in.
  • There could be a minor drawback correction before the price can actually spike above $0.3050 and $0.3080.

Ripple price is holding a couple of essential supports against the US Dollar and Bitcoin. XRP is probably going to increase bullish force once buyers are able to break the $0.3080 and $0.3100 resistance levels.

 

Ripple Price Analysis

After a couple of bearish moves, Ripple price shaped strong support around $0.2940 level against the US Dollar. XRP began a nice upside move and traded over the $0.2960 and $0.2980 resistance levels. It opened the entryways for more increases over the $0.2980 resistance. Afterward, Ripple price settled over the $0.3000 resistance and the 100 SMA.

Moreover, there was a break over two bearish pattern lines which were formed with resistance around $0.2980 on the hourly chart of the XRP/USD. The pair exchanged near the $0.3040 and $0.3050 resistance levels, where selling pressure increased. The primary support is close to the $0.3000 level, which was a critical resistance before.

The 100 hourly SMA is additionally close to the $0.2900 level to go about as strong support in the short term. To the upside, an underlying resistance is around $0.3050 level and next at $0.3080. The major resistance is near the $0.3100 level, above which buying pressure is probably going to increase.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a look at the chart, ripple price is by all accounts set pleasantly over the $0.3000 support. In any case, an appropriate break above $0.3040 and $0.3050 resistance levels is required for more gains. For the time being, there could be a couple of bearish moves, however, Ripple price is probably going to pick up pace above $0.3050 and $0.3080.

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#Ripple Price Analysis

Ripple Price Analysis: XRP bears coming to action

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Ripple price is in a bearish trend. XRP/USD might fall towards the $0.2900 region in the short term before started an upward move.

Technical Indicators

Support Level – $0.2940

Resistance Level – $0.3060

  • Ripple price is struggling underneath the $0.3045 and $0.3070 resistance levels against the US dollar.
  • There is a bearish pattern line formed with resistance at $0.3070 on the hourly chart of the XRP/USD.
  • XRP might see some minor corrections in the short term but there is a major possibility of a severe drop to the downside to around $0.2900.

Ripple price is in a bearish trend against the US Dollar as well as Bitcoin. XRP/USD might fall towards the $0.2900 region in the short term before started an upward move.

 

Ripple Price Analysis

Ripple price reached as high as $0.3094 but later fell underneath the major support around $0.3070 against the US Dollar. XRP declined sharply and fell beneath the $0.3050 and $0.3040 support levels. The decline led to the XRP facing more losses beneath the $0.3000 support level. Also, there was a break underneath a bullish pattern line with support at $0.3000 on the hourly chart.

Ripple price is currently situated well beneath the $0.3045 resistance and 100 hourly SMA. XRP fell up to $0.2971 and is currently trying to cover up losses. It appears that the price might correct a few points for the time being. A new resistance is formed around $0.3030. However, the major resistance is around $0.3070 and 0.3080. Also, there is a bearish pattern line formed with resistance at $0.3070. If XRP is able to correct upwards, the price could surely confront a major resistance around $0.3045 and $0.3060.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a look at the chart, Ripple price is currently in a bearish trend beneath the $0.3060 resistance. It seems that the sellers are getting stronger and there is a danger of XRP falling underneath the previous low at $0.2970. The next support after this point is at $0.2945, beneath which the price could drop towards the $0.2900 region.

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#Ripple Price Analysis

Ripple Price Analysis: XRP going back to $0.28?

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Ripple price experienced a downward correction which cleared out all the major gains which it experienced till yesterday.

Technical Indicators:

Support Level – $0.2910

Resistance Level – $0.3050

  • Ripple price began to fall downwards underneath the $0.3050 support against the US dollar.
  • There is a bearish pattern line formed with resistance around $0.3040 on the hourly chart.
  • XRP is experiencing selling pressure and is moving towards the next support around $0.2910.

Ripple price experienced a downward correction which cleared out all the major gains which it experienced till yesterday. XRP settled underneath $0.3050 and it might fall down to test the support around $0.2910.

 

Ripple Price Analysis

Ripple price began a downward correction after rising up to $0.3200 against the US Dollar. XRP fell underneath the $0.3100 and $0.3050 support levels. The massive selling pressure kicked the price underneath the $0.3000 support and the 100 hourly SMA. Ripple price erased most of its gains which it experienced in the last few days and it could is expected to fall below the next support of $0.2910 in the short term.

XRPUSD price chart

XRPUSD price chart

Ripple price fell as low as $0.2939 and is currently trying to rise above facing massive selling pressure. Major resistance is formed around $0.3000 and the 100 hourly SMA. If XRP price is able to break this resistance, there is also a major resistance formed around $0.3025. The most number of sellers are placed around $0.3050. Also, there is a bearish trend line formed with resistance around $0.3040 on the hourly chart of the XRP/USD.

Taking a look at the chart, Ripple price is facing a bear trend from the $0.3200 swing high it experienced recently. The price is expected to slide towards the $0.2910 support. To rise upwards, the price must break the $0.3000 and $0.3050 resistance levels.

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