XRP has been slowly clawing its way towards the mid-$0.20 region, which previously proved to be a strong support level for the cryptocurrency prior to its capitulatory drop to lows of $0.18 in late-2019.
The bullishness seen across the aggregated crypto market has certainly proven to be positive for major altcoins like XRP and has led the embattled crypto to push against a key trendline that could be the only thing stopping it from seeing a significant near-term rally.
If this level is broken above in the coming several hours and days, it could lead to a major upswing that sends the token surging towards fresh multi-month highs.
XRP Maintains Recent Gains as Analyst Watch Key Trendline
At the time of writing, XRP is trading up marginally at its current price of $0.235, which marks a notable climb from its weekly lows of $0.20 and an even more significant climb from its one-month lows of $0.18.
The bullishness seen amongst major altcoins like XRP has come about concurrently with the firm uptrend Bitcoin has found itself caught within for the past couple of weeks, and analysts are widely pointing to BTC’s ability to hold steady around $8,800 as a reason why it could soon see continued bullishness.
It is highly probable that how Bitcoin trends in the near-term will give guidance to altcoins, and a push above $9,000 could subsequently allow XRP to break above a key descending resistance level that it has been caught beneath for an extended period of time.
“XRP – 6 month RSI technical level broke yesterday, here is where the 6 month descending trend line rejected yesterday but very likely breaks up today,” Harry – a popular crypto analyst – explained in a recent tweet.
$XRP – 6 month RSI technical level broke yesterday, here is where the 6 month descending trend line rejected yesterday but very likely breaks up today x pic.twitter.com/odKItndlDz
— Harry (@HaraldoXRP) January 15, 2020
Analyst: A Break Above This Trendline Could Lead the Crypto Past $0.30
As for how high XRP could surge if its bulls are able to successfully push it above its key near-term resistance, Crypto Rand – another popular crypto analyst – explained in a tweet that he believes the crypto could soon move towards, or past, $0.30.
“$XRP starting the journey,” he said while pointing to the chart seen below.
$XRP starting the journey pic.twitter.com/o5rZgIpn6z
— Crypto Rand (@crypto_rand) January 14, 2020
While looking at the levels referenced on the above chart, it seems as though the crypto faces two key resistance levels at $0.25 and $0.30 respectively, with a break above both of these levels potentially kicking off a major macro uptrend.
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The fourth-largest cryptocurrency by market cap has taken a beating while bitcoin holds its position above the $9,000 level. Down 2. 92%, XRP is currently trading at $0. 214, still recording gains of almost 11% YTD.
XRP has been one of the best performing cryptocurrencies in recent times despite its lackluster price action throughout the first half of the year, and its recent series of surges have brought its price to just below its historical resistance level around $0.
Coinspeaker XRP Price Analysis: XRP/USD is Consolidating at $0. 39 Level, Awaiting a BreakoutWhen the demand level of $0. 39 holds XRP price, it will bounce and move towards the previous high.
Coinspeaker XRP Price Analysis: XRP/USD Ranging Within $0. 42-$0. 46 Level, Expecting a BreakoutThere is a tendency for XRP price to increase towards $0. 49 supply level provided the Bulls gain enough momentum to break up the $0.
Coinspeaker XRP Price Analysis: XRP/USD Reached $0. 42, Potential Reversal LevelShould the Bulls defend the demand level of $0. 42, they may resume and continue the bullish trend. In case the level does not hold and the Bears’ strength is able to break down the level, then, XRP price may reach $0.
Coinspeaker XRP Price Analysis: XRP/USD Consolidating at $0. 39 Level, Awaiting a BreakoutShould $0. 39 level hold, the Bulls will push up the coin and may break up $0. 42 supply level.
Since mid-May, XRP has really started to feel the greens as it first surged to $0.34 and then continued to move upwards until it climbed to $0.48. Though it went down to $0.36 level, the cryptocurrency has started to surge yet again as it reaches $0.44 level. At the time of writing, XRP/USD has been […]
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.
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.
XRP achieves a high of $0. 35499 BTC Targets $4000 level BNB gets over $10 level XRP/USD The rally by XRP in the last few days seemed to have gained momentum as the currency yet again achieved new highs, before tracing its way back to its current level of 0.
CoinSpeaker
XRP Price Analysis: XRP/USD Trends of February 20–26, 2019
Increase in the bulls’ momentum will make the XRP price reach $0. 38 supply level in case $0. 34 price level is breached.
The crypto’s price is likely to rise if the price is sustained above the EMAs and the bulls break the $0. 34 resistance level. The crypto’s price reached a high of $0. 34 but it is currently trading at $0.
Ripple price gained traction and broke the $0. 3400 resistance area before sellers appeared against the US dollar. The price topped near the $0. 3460 level and later started a sharp downside correction.
Ripple prices up 11. 1 percent but technically bearish Crypto–Fiat bridges important for XRP and crypto Transaction levels up, volumes lower than Jan 10 Despite upbeat prices, Ripple (XRP) is technically bearish and yet to breach the 35 cents mark.
Bitcoin BTC/USD From yesterday's open at $3708 the price of Bitcoin has increased by 7. 68% as its currently being traded at around $4010 where the price has encountered resistance around the $3994.
The XRP price is in an upward price movement and it is trading at $0. 33. The crypto is likely to reach the $0. 40 price level,if price is sustained above the EMAs. XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0.
XRP and ADA Price Analysis XRP gains over 7% from its low in the last 24 hours XRP breaks resistance level of 0. 030362 to achieve new highs ADA gains 13% within the last 24 hours ADA gains new high of 0.
The crypto market continues to grow despite the pessimism of many. Although the global market cap has dropped considerably after reaching a record high in 2017, the level of adoption and development around cryptos and.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 28, $0. 26, $0. 24 Yesterday, February 14, the XRP price is in a sideways trend zone. The crypto’s price has continued to range at the $0.
A bullish surge last week resulted in Ethereum overtaking XRP to become the largest altcoin by market cap. The price has since been consolidating at the 50% retracement level between the December low and the January high.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 28, $0. 26, $0. 24 Yesterday, February 13, the XRP price was in a sideways trend zone. The cryptocurrency has established itself at the support of a $0.
Ripple price declined recently and tested the key 0. 0000825BTC support against bitcoin. XRP to BTC must stay above the mentioned support to start a fresh upward move. Key Talking Points Ripple price revisited the all-important 0.
CoinSpeaker
XRP Price Analysis: XRP/USD Trends of February 13–19, 2019
The bullish breakup of the $0. 31 supply level with the candle close above it will make the XRP price find its target at $0.
The past few days have been rather interesting for most of the top markets in cryptocurrency, tokens, and digital assets. That in itself is quite telling, as most of these markets have nothing to do with one another.
XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 30, $0. 28, $0. 26 Yesterday, February 12, the XRP price was in the bullish trend zone. The crypto’s price was trading at the $0.
Ripple price bounced back sharply and broke the $0. 3000 resistance level against the US dollar. There was a break above a major bearish trend line with resistance near $0. 2900 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
It is very uncommon for all crypto markets to turn bullish at the exact same time. Albeit most of this stems forth from the symbiotic relationship with Bitcoin, it is evident this development wasn’t entirely expected.
The cryptocurrency market remained subdued on Thursday. Bitcoin’s price was stuck below the $85K mark, while other major coins like XRP and ETH showed muted movement. The global cryptocurrency market cap stands at $2.
Ripple coin wavered at a crucial resistance level this week as Bitcoin and most major altcoins stalled. Ripple (XRP) was trading at $2.10 on Thursday, up over 30% from its lowest point this month. The most significant news on Ripple…
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The cryptocurrency market remained subdued on Wednesday, struggling to sustain momentum. Bitcoin remained firmly above the $84,000 mark but failed to make any massive up moves. The global cryptocurrency market cap stands at $2.
The cryptocurrency market remained subdued on Friday, struggling to sustain momentum despite a brief recovery earlier in the week. Bitcoin struggled to hold above the $85,000 mark. The global cryptocurrency market cap stands at $2.
Digital currencies remain indecisive, with Bitcoin trading below the $85K mark, hovering at $84,749. Ripple’s XRP displays warning signals amidst the prevailing uncertainty. XRP changes hands at $2.
