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#Ripple Price Analysis

XRP to USD, 8th May: Ripple Price Analysis, Hard Crash Foreseen?

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Technical Indicators:

Support Level: $0.2900

Resistance Levels: $0.3000, $0.3020

 

Key Points:

  • Ripple price was unable to gain strength above $0.3000 resistance level and declined sharply.
  • The selling pressure led to XRP crashing below $0.2950 and $0.2920 support level.
  • A bearish pattern is being formed with resistance around $0.3000 on the hourly chart.
  • If Ripple price is unable to move over $0.3000 and $0.3020 resistance levels, there are chances of a hard crash in the short term.

 

Ripple Price Analysis:

SUMMARY: Ripple price is fighting hard in order to gain positive momentum. XRP is currently at a high risk of a crash if it is unable to break above $0.3000 and $0.3020 resistance levels in the short term.

 

Ripple price started a bullish momentum yesterday, rising above the $0.3000 resistance level. XRP was even able to break above $0.3020 resistance level, however, the next resistance between $0.3040 and $0.3050 prove quite strong and push the price downwards. The massive selling pressure pushed Ripple price below $0.3020 and $0.3000 support levels and the 100 hourly SMA.

 

Ripple price crashed to a new weekly low at around $0.2912. Currently, XRP is trying to correct upwards to test the $0.3000 resistance level. A bearish pattern is also being formed with resistance around $0.3000 on the hourly chart.

 

It is very essential for Ripple price to break above the bearish pattern and the $0.3000 resistance level in the short term in order to move ahead towards $0.3050 and $0.3100 levels. However, if XRP is unable to break above this resistance, there are chances of a sudden downward crash which might lead to Ripple price testing the $0.2900 support level.

 

XRPUSD Price Chart- 8th May

XRPUSD Price Chart- 8th May

The chart shows that XRP is struggling hard to gain bullish momentum beneath the $0.3000 resistance level. It is very essential for the bulls to gain momentum and move XRP price above $0.3000 and $0.3020 resistance levels in order to turn positive. However, if XRP falls below $0.2900 support level, it might soon test the $0.2850 and $0.2800 support levels.

#Ripple Price Analysis

XRP to USD, 15th May: Ripple Price Analysis, Can it rise ahead?

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Ripple price remained bullish after rising above $0.4000 level and is currently up against both USD and BTC. XRP is well settled over $0.4200.

Technical Indicators:

Support Levels: $0.4220, $0.4200, $0.4000

Resistance Levels: $0.4400, $0.4500, $0.4600

 

Key Points:

  • Ripple price gained more than 15% in the last 24 hours before correcting a few points downwards.
  • XRP broke above $0.4220 resistance level and even moved over the $0.4300 resistance level to record a new yearly high around $0.4480.
  • A bullish pattern is being formed on the hourly chart with the support at around $0.4080.
  • The current momentum seems positive and Ripple price might soon test $0.4600, $0.4800 and $0.5000 levels.

Ripple Price Analysis:

SUMMARY: Ripple price remained bullish after rising above $0.4000 level and is currently up against both USD and BTC. XRP is well settled over $0.4200 and will most likely move above $0.4500 and $0.4600 levels soon.

 

Ripple price started a sharp bull run after breaking through $0.3500 resistance level. The bulls were able to move XRP price above many resistances such as $0.3700 and $0.3800 and the price even settled above the 100 hourly SMA. XRP has recorded a gain of more than 40% in just 3 days. Ripple price recently broke above $0.4000 level above which the bulls got ever stronger.

XRP broke above the $0.4200 resistance level to record a new yearly high at around $0.4480. Ripple price is currently supported at around $0.4220 which was the previous resistance zone. Below this, XRP is supported at $0.4200 and $0.4000.

The current resistance is at $0.4500 level above which Ripple price might test the $0.4600, $0.4800 and even $0.5000 levels in the coming few days. However, if XRP moves below $0.4000 level, the overall momentum might turn bearish.

 

XRP to USD Price Chart 15th May

XRP to USD Price Chart 15th May

The chart shows that Ripple price is currently trading with a bullish momentum above $0.4200 support level. If the bears start to act, XRP might soon fall back below $0.4000 level to turn bearish. However, as long as Ripple price remains above $0.4000 level, it might soon test $0.4500, $0.4800 and even $0.5000 levels in the next few days.

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#Ripple Price Analysis

XRP to USD, 14th May: Ripple Price Analysis, Are the bulls back?

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Technical Indicators:

Support Levels: $0.3650, $0.3550, $0.3500

Resistance Levels: $0.3750, $0.3800, $0.3900, $0.4000

 

Key Points:

  • Ripple price surged massively breaking above $0.3150, $0.3200 and $0.3300 resistance levels.
  • XRP was even able to break and settle above the $0.3500 resistance level and even tested the $0.3750 resistance.
  • Ripple price recorded a high at $0.3778 and is currently gaining force in order to move towards $0.4000 and $0.4200 levels.

 

Ripple Price Analysis:

SUMMARY: Ripple price gained bullish momentum over the $0.3500 level. XRP is currently trading well above $0.3650 and moving towards $0.3750 and $0.3800 levels.

 

After being able to close above the $0.3000 resistance level, Ripple price started to surge massively following the bitcoin surge. The bulls were able to break above $0.3100, $0.3200, $0.3300 and even $0.3500 resistance levels very easily with XRP gaining more than 21% in the last 24 hours. The major bull run started after XRP closed and settled above $0.3200 and the 100 hourly SMA.

 

Ripple price soon moved over the $0.3550 and $0.3600 resistance levels and tested and moved over the $0.3750 resistance level to record a high at $0.3778. At this point, the sellers started to emerge and XRP corrected a few points downwards. However, it is currently well supported around $0.3650 and $0.3550.

 

On the downside below $0.3550, Ripple price is well supported at $0.3400 and $3200 levels. The current resistance lies around $0.3750 and $0.3800 above which XRP will most likely test the $0.4000 and $0.4200 levels.

 

XRP to USD Price Chart 14th May

XRP to USD Price Chart 14th May

The chart shows that XRP is clearly in a bullish momentum over the $0.3500 support level. There are high chances for Ripple price to soon test and move above $0.4000 and $0.4200 levels.

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#Ripple Price Analysis

XRP to USD, 13th May: Ripple Price Analysis, What’s Next?

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Ripple price picked up bullish pace above $0.3200 level. XRP is currently well supported at $0.3100 and it will likely move towards testing $0.3300 level.

Technical Indicators:

Support Levels: $0.3100, $0.3000

Resistance Levels: $0.3220, $0.3300, $0.3400

 

Key Points:

  • Ripple price started to rise upwards and broke above $0.3220 resistance zone.
  • XRP even broke above $0.3300 level tested the $0.3400 resistance level where a lot of sellers appeared and Ripple price started to correct downwards.
  • A bullish pattern is being formed on the hourly chart with the support at around $0.3100.
  • There are chances that XRP might test the $0.3220 and $0.3300 resistance levels soon.

 

Ripple Price Analysis:

SUMMARY: Ripple price picked up bullish pace above $0.3200 level. XRP is currently well supported at $0.3100 and it will likely move towards testing $0.3220 and $0.3300 levels.

 

Ripple price followed bitcoin this week and broke above $0.3100 resistance level to move into a positive zone. XRP was also able to break above $0.3220 resistance level. The bulls were able to move Ripple price above the 100 hourly SMA and $0.3350 level. XRP even tested the $0.3400 resistance level where a lot of sellers were placed and XRP started to correct downwards. Ripple price declined sharply and moved under the $0.3300 and $0.3200 support levels. XRP even tested the support at around $0.3050.

Currently, Ripple price is trying to gain momentum above the $0.3100 support level. The current resistance is around $0.3200 and $3220 levels above which XRP might test the $0.3300 and $0.3400 levels. Also, $0.3100 is currently acting as strong support below which Ripple price might test $0.3050 and $0.3000 levels. A bullish pattern is also being formed on the hourly chart with the support at around $0.3100.

 

XRP to USD Price Chart 13th May

XRP to USD Price Chart 13th May

The chart shows that Ripple price is currently well supported on the downside at $0.3100, $0.3050 & the 100 hourly SMA. As long as XRP is above the 100 hourly SMA, there are chances of a fresh bull run.

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