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#Ripple Price Analysis

Ripple Price Analysis: XRP going to fall down?

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Ripple price was unable to hold gains and declined as of late. XRP will most probably decline towards the $0.3050 support level.

Technical Indicators

Support Level – $0.3050

Resistance Level – $0.3250

  • Ripple price broke below the $0.3200 support level against the US dollar.
  • The weekly bullish pattern line was broken with support around $0.3245 on the hourly chart of the XRP/USD pair.
  • XRP declined beneath $0.3200 and tested $0.3150 support level.
  • The present trading activity is quite bearish, recommending more declines towards the $0.3050 support.

Ripple price was unable to hold gains and declined as of late against the US Dollar and bitcoin. XRP/USD will most probably decline towards the $0.3050 support before it can begin a new upward trend.

 

Ripple Price Analysis

Ripple price began a downward move from well over the $0.3400 level underneath the $0.3300 and $0.3280 supports. Afterward, the price found good support around $0.3250 level. All the more significantly a breakout pattern was framed with support around $0.3250. Buyers were unable to hold gains, bringing about a sharp decrease beneath $0.3250.

The price broke the $0.3220 support and the 100 hourly SMA. In addition, the weekly bullish pattern line was broken with support around $0.3245 on the hourly chart of the XRP/USD. The pair even fell underneath $0.3160 to test the $0.3150 support. A low was formed at $0.3144 and the price is right now trying to correct higher. It is trying the 23.6% Lie retracement dimension of the ongoing drop from the $0.3337 high to $0.3144 low. In any case, there are numerous obstacles on the upside close to the $0.3190 and $0.3200 levels.

There is a bearish pattern line formed with resistance around $0.3200 and the 100 hourly SMA. An effective break above $0.3200 is required for an upward recovery. The next resistance could be $0.3250.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a look at the chart, the ripple price is currently a bearish zone underneath the $0.3250 support level. The present trading activity is marginally bearish, recommending more downward moves towards the $0.3050 support. The price may rise back above $0.3200 in case buyers stay in position. It is essential for Ripple price to break the $0.3250 level to start an upward correction.

#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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#Ripple Price Analysis

Ripple Price Analysis: Will XRP break through the resistance?

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Ripple price is currently trading positively. It is very essential for XRP to break through the $0.3200 resistance level in order to start a fresh bull run.

Technical Indicators:

Support Level: $0.3140

Resistance Level: $0.3200

 

Key Points:

  • Ripple price corrected downwards after testing the resistance around $0.3200.
  • The downside correction was able to break the $0.3150 support level but the next support around $0.3125 was strong enough to stop further losses.
  • A bullish pattern line is formed with support at $0.3145.
  • A break through the current resistance at $0.3200 is essential for the price to start a bullish momentum.

 

Ripple Price Analysis:

Summary: Ripple price is currently trading positively against USD. However, it is very essential for XRP to break through the $0.3200 resistance level in order to start a fresh bull run.

XRP showed bullish momentum last week with the price rising from $0.3000 to over $0.3200. The price broke the $0.3100, $0.3150 and $0.3200 resistance levels in order to move upwards. The price even tested the $0.3250 resistance before the downward correction started. Falling downwards, it broke the $0.3200 and $0.3180 support levels. However, there was strong support built at $0.3125 and the 100 hourly SMA which stopped further losses.

XRP fell up to $0.3128 and then started to correct upwards. However, it could not cross the $0.3180 resistance. Also, the main resistance lies at $0.3200 and if Ripple price is able to break through this resistance, it might directly spike upwards to test $0.3300 resistance level.

The major support lies at $0.3125. However, there are also other support levels around $0.3145 and $0.3150. If Ripple price falls below the $0.3125 support, the overall momentum will turn bearish.

XRPUSD Price Chart

XRPUSD Price Chart

The chart shows that Ripple price is currently trading positively above $0.3125 support. The major resistance lies at $0.3200 and if XRP is able to break through this resistance, a fresh bull rally might start.

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#Ripple Price Analysis

Ripple Price Analysis: What’s the next move for XRP?

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Ripple price started trading with bullish momentum recently before correcting downwards. XRP is currently situated well over the $0.3100 support.

Technical Indicators:

Support Level: $0.3100

Resistance Levels: $0.3200, $0.3250

 

Key Points:

  • Ripple price started a bull rally and was able to break through a lot of resistance around $0.3100.
  • Ripple price was able to settle over the $0.3100 resistance level and the 100 hourly SMA.
  • XRP was also able to break through the bearish pattern line which was formed at resistance around $0.3080 on the hourly chart.
  • XRP tested the $0.3250 resistance level before crashing downwards.

 

Ripple Price Analysis:

Summary: Ripple price started trading with bullish momentum recently before correcting downwards. However, XRP is currently situated well over the $0.3100 support and could soon start the bull rally again.

After falling down sharply recently, XRP started to rise up steadily after finding good support around $0.3040 and $3050. After starting an upward momentum, Ripple price broke the $3080 resistance level in order to move into a bullish zone.

XRP was able to break through the bearish pattern line that was formed with resistance at $3080 on the hourly chart after which the rally continued breaking many resistances such as $0.3100, $0.3150 and the 100 hourly SMA. The price even moved above the $0.3200 resistance level and tested the $0.3250 resistance which was strong enough to push the price downwards. XRP price soon moved below $0.3200.

XRPUSD Price Chart

XRPUSD Price Chart

The previous resistance around $0.3100 has now turned into crucial support which is helping Ripple price to move upwards. The 100 hourly SMA also lies at this point. If XRP is able to maintain its position above this range for the long term, then a bull rally may be upfront.

The chart shows that XRP price is currently in bullish momentum. There are a few hurdles in between which could create dips. However, if Ripple is able to break through the $0.3200 and $0.3250 resistance levels, it could soon turn extremely bullish.

 

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