XRP has been struggling to garner any notable momentum in recent times, with the latest market-wide uptrend leading the embattled cryptocurrency up to its near-term resistance at $0.20 – a level that it has failed to surmount since mid-February.
The crypto is continuing to show some signs of weakness as it hovers just below this level, and the downtrend seen throughout the aggregated crypto market this morning could lead it to see further near-term downside.
There is one level, however, that could send the crypto into the throes of an intense bull market if surmounted, leading one analyst to note that a break above this level could lead to gains as high as 300%.
XRP Sees Slight Underperformance of Bitcoin as Near-Term Weakness Grows
At the time of writing, XRP is trading down just under 1% at its current price of $0.195, marking only a marginal decline from its daily highs.
This weakness came about after Bitcoin faced yet another rejection at $7,700, pointing to some underlying weakness throughout the aggregated crypto market.
$0.20 has been established as a strong resistance level for the embattled cryptocurrency in the time following its capitulatory decline to the sub-$0.10 region, as it was only broken above once in the time since.
This upwards break came about in early-April and was closely followed by a major selloff that sent the cryptocurrency reeling lower.
In the near-term, which direction the crypto trends next will be highly dependent on how Bitcoin’s current bout of sideways trading around $7,500 resolves.
Here’s the Level that Could Spark the Crypto’s Next Parabolic Rally
XRP bulls have some work cut out for them if they want the crypto to incur further upside.
One analyst on Twitter recently noted that $0.33 is the key level bulls need to surmount if they want to spark a parabolic uptrend.
He also notes that the cryptocurrency is showing signs of near-term weakness, meaning that this level may not be revisited for quite some time.
“XRP/BTC and XRP/USD: While the chart just isn’t bullish. I do believe once it reclaims .33c it will likely do a 2-3x. It’s the last major LH in its 850 day downtrend from the macro perspective. We are at an interesting spot here on both pairs. The XRP/BTC pivot point shows,” he noted.
Image Courtesy of Pentoshi
Whether or not the crypto is able to surmount this level in the months ahead will likely be largely dependent on where Bitcoin trends next.
Featured image from Unsplash. origin »
XRP price has crashed below a crucial support level, risking further downside as the crypto meltdown gains steam. It plunged to a low of $1. 7020 on Monday morning, its lowest level since November last year.
XRP could drop by 39% to reach its support level at $1.15 if it fails to hold $1.95 or $1.90 levels.
Traders are over-leveraged at the $2.019 level on the lower side and $2.142 on the upper sidThe post XRP at make-or-break level: THIS will affect the altcoin's next move appeared first on AMBCrypto.
XRP surges past a key $0. 5657 resistance level.
Metrics signal a potential bullish rally continuation.
XRP has made a significant move, breaking through the key resistance level of $0.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
So far, the 23. 6% Fib level of $0. 3814 hasThe post XRP steady at 23.
Alongside Bitcoin, Ripple followed a bullish sentiment with a consistent increase since the start of this week. The momentum looks paused after reaching a critical resistance level. XRP may drop if the sentiment fades.
XRP correlated with the market-wide growth in the past week in its recent rising wedge recovery in the daily chart.
Meanwhile, the buyers found a close beyond the chains of the 50% Fibonacci level The post Likelihood of XRP repeating history from this resistance level appeared first on AMBCrypto.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
XRP soared above the $0.64 level after it flipped this level fThe post As XRP reaches a level of resistance, can profit-taking kick in soon appeared first on AMBCrypto.
XRP recovered from its drop a couple of weeks ago and reclaimed the $0. 3 level as a level of support. This flip was significant, and the defense of that level was followed by a breakout to the upside.
After facing some turbulence throughout the early part of the month, XRP has been able to stabilize just below its key $0. 20 resistance level, marking a notable climb from its multi-week lows of $0.
After XRP's brief tryst with the $0. 25 level in mid-January, the coin finally rendezvoused with the level again yesterday. The coin dipped in value post-hike though and it had a market value of $0.
The market has turned red and XRP is following. The third largest cryptocurrency went to the highest level of 2019 on May 15th when it climbed to $0.48 level. This rally started right as we entered the month of May when XRP was trading at about $0.287 level only to get a big jump on […]
Ripple price failed to stay above the $0. 4450 pivot level and declined below $0. 4200 against the US dollar. The price is currently under pressure and it could test the $0. 3740 or $0. 3400 support.
A bullish break at the $0. 45 resistance level will propel the price to reach the $0. 60 price level. On the other hand, the trend line has been broken and the selling pressure is likely to resume.
Coinspeaker XRP Price Analysis: XRP/USD Price Reversed Off Resistance at $0. 46, Potential DropXRP price likely to increase further, should the Bulls maintain or increase their momentum.
On the upside, the price is likely to reach the $0. 50 price level, if the trend line is unbroken. Presently, the XRP market is trading at $0. 42 as at the time of writing. On the downside, the price will fall below the $0.
Crypto markets surge to new ten month high; Ethereum, XRP, Stellar, Tezos and NEO leading the way. Market Wrap For the second day in a row crypto markets have surged hitting a new 2019 high and a level not seen for ten months.
Ripple price extended losses towards the 0. 0000400 support level before rebounding against bitcoin. XRP surged higher recently above $0. 4000 vs USD and gained momentum above 0. 0000500 vs BTC. Key Talking Points Ripple price declined heavily.
Ripple price is up more than 15% again today and it recently broke $0. 420 against the US dollar. The price surged above the $0. 4300 level and traded to a new 2019 high near the $0. 4480 level. There is a major ascending channel forming with support near $0.
In the midst of Bitcoin nearing and then shattering ever major resistance level in the past few weeks, the third largest cryptocurrency has been sidelined. Ripple’s XRP has reaffirmed its third spot on the coin ladder, reawakened the bulls and is on a mammoth 6.
Today, the crypto has encountered a price breakout, and the bulls have broken the resistance levels to reach the $0. 38 price level. On the upside, if the price action remains above the $0. 38 price level, the bulls will reach the previous high of $0.
BTC/USD A bearish run is seen at the beginning of the day where price rally was pushed down past resistance (R) to a low of $6759. 83 (B). This was signaled by the 21 day MA crossing over the 7 day MA indicating a bearish signal, placing resistance levels at $7175.
Ripple price started a fresh rise above the $0. 3100 and $0. 3200 resistance levels against the US dollar. The price tested the $0. 3400 area and recently corrected lower below $0. 3300 and $0. 3250.
XRP has been undergoing an extraordinarily long period of consolidation. Despite the market leader Bitcoin recording a strong price performance this week with numerous 2019 highs formed, XRP has recorded a weak price performance in comparison.
Presently, the crypto’s price is in a tight range between the levels of $0. 30 and $0. 33. The crypto’s price is currently at its low at the $0. 30 price level, and it is expected at the $0. 33 resistance level.
Coinspeaker XRP Price Analysis: XRP/USD Price May Reverse at $0. 28 LevelShould the Bears defend the $0. 30 level, further declination of the XRP price is expected and this may lead to the breakdown of the $0.
XRP/USD The day began with a bearish price momentum which pushed the price to a low of $0. 2947 at (A). Later on, the 7-day MA crossed over the 21 day MA at (Z) indicating a bullish signal. Investors pulled the price back up to a high of $0.
Presently, the crypto’s price is ranging below the EMAs, if the bulls break the EMAs, the crypto’s price will retest or break the $0. 32000 resistance level. On the downside, if the crypto’s price continues its downtrend, the XRP coin will revisit the previous low at $0.
Ripple price formed a decent support near the $0. 2915 level and climbed higher against the US dollar. The price broke the $0. 2950 resistance and it looks set to gain bullish momentum in the near term.
These are very interesting times in the cryptocurrency industry. Although a lot of markets are still down in value right now, the rebound is not that far off by any means. If the XRP price trend is any real indication, there should be a healthy bounce across the board overnight.
Coinspeaker XRP Price Analysis: XRP/USD May Bounce at $0. 30 and Rally Towards $0. 33In case the Bulls defend the demand level of $0. 30, XRP price may rise towards the previous high or touch the upper drawn trend line.
Ripple price failed to recover above the 0. 0000600 resistance level against bitcoin. XRP extended losses below 0. 0000535 and remains sell on rallies versus BTC in the near term. Key Talking Points Ripple price extended its.
On the upside, if the price is sustained above the EMAs the bulls will retest or break the $0. 32500 resistance level. On the downside, if the bulls fail to break the $0. 32500 resistance level, the crypto’s price will fall to the support or below the EMAs.
XRP, the number three cryptocurrency by market capitalization has not had it easy in 2019 despite the current market recovery. It is quite a challenge for the cryptocurrency and its holders as the future growth of the asset remain uncertain.
XRP Price Analysis XRP recorded a poor price performance this week. Despite the market leader bitcoin increasing to form new 2019 highs, XRP has only recovered a fraction of the losses it recorded last week.
The crypto’s price is in a bullish trend and may likely retest the $0. 33 price level. On the upside, if the bulls break the $0. 33 price level, the crypto’s price will rise to the $0. 34 upper price level.
Supply zones: $0. 33, $0. 34, $0. 36 Demand zones: $0. 31, $0. 30, $0. 28 XRP/USD Long-term Trend: Bullish XRP/USD is bullish on the long-term outlook. On April 18, there was a formation of the bearish reversal candle pattern called evening star candle pattern at $0.
Coinspeaker XRP Price Analysis: XRP/USD Is Consolidating at $0. 31 Level, Expecting a Bullish BreakoutThere would be a bullish breakout of the flag in case the Bulls gain enough momentum and the XRP price may increase to $0.
Ripple price traded towards the $0. 3080 level and recently corrected lower against the US dollar. The price traded lower and broke the $0. 3040 and $0. 3020 support levels. There is a key bullish trend line in place with support near $0.
Coinspeaker XRP Price Analysis: XRP/USD Remains Near $0. 31, Targets $0. 33 Price LevelThe continuation of the bullish trend is highly envisaged; if the Bulls maintain or increase their pressure XRP price may break up $0.
The XRP price reached a high of $0. 32675 but was ranging below the $0. 32500 price level. On the upside, if the bulls break the $0. 33 resistance level, the crypto’s price will pick up momentum and reach the high of $0.
Ripple price extended losses below the 0. 0000600 support level against bitcoin. XRP started a decent correction from 0. 0000535, but it won’t be easy to clear the 0. 0000600 resistance area. Key Talking Points Ripple price declined.
The crypto’s price was facing resistance at the $0. 31 price level. On the upside, if the price is sustained above the EMAs, the bulls will break the $0. 31 resistance level and reach the previous highs of $0.
XRP has been on a consistent downward trend since the beginning of the just concluded week. A steady flow of consecutive bearish candles on the daily timeframe has pulled the price lower each day, eventually guiding it toward an important support at the time of writing.
XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum.
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.
The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.
