Connect with us

#Ripple Price Analysis

Ripple Price Analysis: XRP to $0.25?

Published

on

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 – $0.2940

 

  • Ripple price fell down further and broke the major support levels around $0.2940 and $0.2900.
  • There is a bearish pattern line formed with resistance around $0.2960 on the hourly chart.
  • XRP is trading a bearish zone and it is at risk of falling towards $0.2820 or $0.2800.

Ripple price fell down sharply against the US Dollar as well as Bitcoin. XRP/USD settled beneath $0.2940 and a lot of sellers are now placed on the upside.

 

Ripple Price Analysis

Ripple price fell further and breaking the numerous support levels around $0.2900. Selling pressure easily broke the $0.2940 support and the 100 hourly SMA. Ripple price declined underneath the $0.2900 support level. It fell down to a monthly low of $0.2867 and it appears that sellers are in full pace. Right now, XRP is trying to correct losses above $0.2870 but there are no bullish signs.

XRPUSD Price Chart

XRPUSD Price Chart

The resistance levels are close to the $0.2920 and $0.2940. The previous support level was around $0.2940, which is probably going to stop the price from moving upwards. There is a key bearish pattern line formed with resistance around $0.2960 on the hourly chart. On the upside,  Ripple price is going to confront sellers around $0.2920, $0.2930 and $0.2940.

Taking a look at the chart, XRP  moved into a bearish zone beneath $0.2960. If the selling pressure remains strong, there is a risk of a decline under the $0.2800 support level.

#Ripple Price Analysis

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

Published

on

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.

Continue Reading

#Ripple Price Analysis

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

Published

on

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.

Continue Reading

#Ripple Price Analysis

Ripple Price Analysis: XRP going to fall or rise?

Published

on

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.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.