XRP has been rallying throughout the last week, pushing through downtrend resistance and is potentially ready to reclaim former highs.
The first step in an attempt at breaking above recent bear market rally highs is recapturing the 200-day moving average – a feat that XRP just achieved after the latest pump above.
XRP Recaptures 200-Day Moving Average Following Downtrend Breakout
Since the start of January, altcoins across the crypto market have been breaking through downtrend resistance and going on powerful rallies – some growing as much as 400% in a week’s time.
But one of last year’s poorest performers, XRP, has continued to lag behind the rest of the altcoin market and Bitcoin.
Related Reading | XRP Breaks Out of Two-Year Downtrend Against Bitcoin and the Dollar
It’s only this past week where XRP broke out from downtrend resistance on both the USD and BTC trading pairs, causing the cryptocurrency to release built-up buying pressure and spring higher.
Upside targets could reach as high as $14 if the rally rises similarly to the last break of downtrend resistance.
But before that can happen, XRP needs to break through many levels of overhead resistance from each bear market rally top, and even before that occurs, XRP must hold above the 200-day moving average.
XRP just recaptured the critical trading indicator on its trading pair against Bitcoin, and doing so could be signaling a long-term trend change is brewing.
$XRP #Ripple daily – MA 200 recapture, first time since March of 2019#TheStandard pic.twitter.com/purFmZDCm4
— Big Cheds (@BigCheds) February 5, 2020
Why The 200-Day Moving Average Matters to Crypto Investors
The number three cryptocurrency by market cap just broke above the 200-day moving average for the first time since March 2019, when the cryptocurrency fell back into an extended downtrend against Bitcoin. The altcoin trading above this level suggests that it could outperform Bitcoin for the foreseeable future.
The 200-day moving average is a long-term trading indicator based on a formula using the average price across the last two-hundred days of price action. It’s often used by “smart money” institutional investors as a signal to the overall long-term health of an asset.
The idea is that if an asset is trading below the 200-day moving average, the asset is in a downtrend. But if the asset is trading above the indicator, it’s in an uptrend.
With XRP breaking out from downtrend resistance after two full years of a bear market, any signs that an uptrend could be forming could spark an extreme wave of FOMO.
Related Reading | Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP
Considering the fact that XRP rose as much as 6,000% in the past in a matter of weeks, crypto investors will be watching closely for any sudden spikes, to ensure they don’t miss out on what could be life-changing wealth.
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XRP has climbed above $0. 58 for the first time since the market-wide retrace on April 12th. This significant rebound is largely supported by increased coin hodling from whales and sharks holding over 100,000 XRP coins.
XRP price declined heavily from the $0. 5250 resistance zone. It tested the $0. 4540 support zone and is now attempting to recover above $0. 4880. XRP is correcting losses above the $0. 4820 and $0.
XRP price is recovering higher above the $0. 500 resistance. The price is signaling a positive bias and might rally above the $0. 580 and $0. 600 levels. XRP is attempting a recovery wave above the $0.
XRP price is struggling to recover above the $0. 5140 resistance. The price must stay above the $0. 4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.
XRP broke above the $0.54 level and hinted at bullishness.
The momentum and buying volume were yet to show buyer strength.
Ripple [XRP] has trended downward in 2024, which was an anomaly amoThe post XRP's rally depends on a move above this price level appeared first on AMBCrypto.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
XRP was in a retracement after the mid-JulThe post XRP prices back above $0.
With Bitcoin moving above its 4-hour 20 and 50 SMA, XRP managed to poke above all its EMA ribbons. But it still had to fight its long-term bearish tendencies to sustain this level.
On the other haThe post XRP, Binance Coin, Cosmos Price Analysis: 02 February appeared first on AMBCrypto.
September has not been kind to XRP. Pressurized by multiple mini-crashes during the month, XRP's 30-day ROI slipped to over 12%. With little interest from retail traders, XRP was unable to keep up pacThe post This can pave way for XRP's comeback above $1, perhaps to $1.29 appeared first on AMBCrypto.
XRP has found itself caught within a consolidation phase throughout the past few days as it trades just above $0. 30. The cryptocurrency has been unable to surmount the heavy resistance it faces between $0.
Ripple’s XRP has in the last 24 hours cleared a key resistance. After surging by more than 10%, the altcoin has climbed above $0. 17. This comes after days of trading within the $0. 15 to $0.
XRP seems like it hasn't caught a break with its price. Once, constantly above $0.30, it is now stuck around the $0.20, sometimes dipping below it and sometimes surfacing above it. Recently, the priceThe post XRP's sell-off continues; contradicting scenarios on the horizon appeared first on AMBCrypto.
Ripple’s XRP continues to struggle to stay above $0. 40, a key support position for the altcoin. Recent movements from Bitcoin and Ethereum, the only two larger cryptocurrencies by market cap, would suggest that the asset is having a prosperous year.
When the market was still struggling a couple of months ago, Ripple’s XRP was one of the few coins that were able to maintain above crucial support positions. For this, XRP was applauded. As we reported a few weeks ago Binance research even released a report stating that it was the best crypto to diversify […]
The post Ripple’s XRP Slips Below $0.
Long-Term Outlook A look at the Weekly chart for XRP shows that the price is trading at $0. 31 facing very close resistance from the 10, 21 and 50-period moving averages. It is trading slightly above the $0.
On the upside, if the bulls break above the EMAs, the crypto’s price will test or break the highs of $0. 32 and $0. 33. If the bulls fail to break above the EMAs, the crypto’s price will fall to the $0.
Ripple prices stable but bullish Federal Bank has a partnership with Ripple Inc Increasing prices will lift participation levels above 20 million Fidelity Investment will forge on and develop supporting infrastructure as they aim at hedge funds, pension funds and professional investors despite falling—but recovering digital asset prices.
Coinspeaker XRP Price Analysis: XRP/USD Remains Near $0. 31 Price Level, Targets $0. 32XRP price will rally towards $0. 32 resistance level in case the bullish momentum breakup the resistance level of $0.
On the downside, if price retraced and fell below the EMAs, the crypto’s price will resume its downward trend. On the upside, if the price is sustained above the EMAs, the crypto’s price is likely to break the $0.
Ripple price gained traction and settled above the $0. 3030 pivot level against the US dollar. The price traded close to the $0. 3100 resistance level and it is currently consolidating. There is a short term ascending channel formed with support at $0.
Coinspeaker XRP Price Analysis: XRP/USD Rises to Break Up the $0. 31 Price LevelShould the Bulls increase their momentum to break up $0. 31 supply level and the bullish candle closes above it; then XRP will rally towards $0.
The latest Weiss Crypto Rankings saw EOS take the top spot behind XRP, resulting in a massive surge in the former’s price. The Weiss report titled, “Dark Shadows with a Bright Future,” was published on 26 March and ranked the coins in terms of the dichotomy of technology and adoption.
Ripple price tested the next key support near $0. 2920 and later bounced back against the US dollar. Bulls took control and pushed the price above the $0. 2980 and $0. 3000 resistance levels. This week’s followed key bearish trend line was breached with resistance at $0.
For the last couple of days, Bitcoin has hardly had any intriguing movement. Since the leader surged above $4,000 and found resistance around $4,090, the coin has remained in this range for more than a week.
Long-Term Outlook A look at the Weekly chart for XRP shows that the price is trading at $0. 31 facing very close resistance from the 20 and 40-period Moving Averages. It is trading slightly above the $0.
The $0. 32 price level is a strong resistance level for the XRP price. On the upside, a price breakout at the $0. 32 price level will be a powerful breakout which will see price rally above the $0. 34 price level.
Ripple prices drop but bullish Bahrain based Rain will offer six XRP trading pairs to their clients Transaction volumes low averaging 15 million Rain is the first crypto exchange to graduate from SRB’s sandbox and is Sharia compliant.
On the downside, if the bears break below the EMAs, the crypto will depreciate further. On the upside, if the price is sustained above the EMAs, the bulls will break the $0. 32 resistance level and reach the $0.
Ripple price formed a decent support near the $0. 3100 level and moved higher against the US dollar. The price broke the $0. 3150 resistance, but upsides remain capped near the $0. 3200 level. There was a break above a key bearish trend line with resistance at $0.
Ripple prices flat Stellar—IBM partnership and roll-out of World Wire bullish Transaction volumes must spike above 60 million for bulls or bears to be in charge IBM involvement is a game changer. Although they are launching from Stellar, their confidence in blockchain could see banks experiment with crypto.
Coinspeaker XRP Price Analysis: XRP/USD is Getting Ready for the BreakoutXRP price will rally to the north and make the supply level of $0. 33 if the bullish candle breaks the $0. 32 level close above it.
Ripple price failed to stay above the 0. 0000808BTC support and extended declines against bitcoin. XRP to BTC is currently under pressure and it could slide further below 0. 0000780BTC. Key Talking Points Ripple price failed to.
Ripple price is under pressure below the $0. 3150 and $0. 3200 resistance levels against the US dollar. The price is struggling to stay above the $0. 3100 support and it could decline sharply. There is a major bearish trend line in place with resistance at $0.
On the upside, if the $0. 31 price is holding, the bulls will break above the EMAs to revisit the $0. 33 upper price level. On the downside, if the $0. 31 price level is not holding, the bears are likely to test the $0.
Ripple price carved a short term top near the $0. 3200 level and declined recently against the US dollar. The price failed to stay above the $0. 3160 support and moved into a bearish zone. Yesterday’s highlighted key bullish trend line was breached with support at $0.
The 8th largest cryptocoin by market capitalization [current – $2. 1 bln] is one of the only in the green as today’s market performance with 3. 65% in the green leading the BTC market by 4.
Ripple price struggled to break the $0. 3200 resistance level and corrected lower against the US dollar. The price declined below the $0. 3150 level and tested the $0. 3125 support area. There is a key bullish trend line formed with support at $0.
Long-Term Outlook A look at the Weekly chart for XRP shows that the price is trading at $0. 32, facing very close resistance from the 21-period Moving Average. It is trading slightly above the $0.
Ripple price ranging but bullish Financial sanctions help drive assets demand Participation levels drop, averages drop from 30 million to 16 million in three weeks. Trump’s plan of imposing financial sanctions on Maduro and other Venezuela elites could backfire affecting ordinary citizens.
Ripple price failed to hold gains above the $0. 3120 and $0. 3100 supports against the US dollar. The price tested the $0. 3060 support and it is currently trading near the $0. 3100 pivot level. There is a key contracting triangle in place with resistance at $0.
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.
Ходят слухи о возможной интеграции Ripple и платежной системы SWIFT. Аналитик John Squire предполагает, что официальное заявление может быть сделано уже в ближайшее время. Так, интеграция со SWIFT, к которой подключено более 11 000 финансовых учреждений, станет мощнейшим драйвером роста для XRP и расширит ее применение в международных расчетах.
Meme coins remained under pressure this month as market participants watched the ongoing trade war between the US and China. Bitcoin price was trading at $84,000 on Monday, while the market cap of all coins remained at $2.
Cybersecurity researchers have shared details of a malware campaign targeting Ethereum, XRP, and Solana. The attack mainly targets Atomic and Exodus wallet users through compromised node package manager (NPM) packages.
XRP is the top-performing major cryptocurrency over the past 90 days, according to Ripple CEO Brad Garlinghouse. The rally coincides with Ripple (XRP) agreeing to pay $50 million to the U.S. Securities and Exchange Commission as part of a settlement.…
