Ripple Price Analysis: XRP In Trouble, Bears Eye Further Declines

2019-2-4 08:00

Ripple price failed to break the $0.3075 and $0.3100 resistance levels against the US dollar. There was a break below a major bullish trend line with support at $0.3050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses below the $0.2960 and $0.2940 support levels in the near term.

Ripple price is under bearish pressure against the US Dollar and Bitcoin. XRP/USD sellers are in control and they seem to eyeing a test of the $0.2900 zone in the coming sessions.

Ripple Price Analysis

This past week, there was a sharp rise in ripple price above the $0.3300 resistance against the US Dollar. The XRP/USD pair traded as high as $0.3336 and later corrected lower. It declined below $0.3200 support to move into a bearish zone. The price even broke the $0.3000 support before buyers appeared near the $0.2940 level. Later, there was an upside correction above the $0.3050 level. Buyers pushed the price above the 23.6% Fib retracement level of the last decline from the $0.3336 high to $0.2940 low. However, the price struggled to break the $0.3100 resistance, resulting in bearish moves.

There was also no test of the 50% Fib retracement level of the last decline from the $0.3336 high to $0.2940 low. The price moved down and broke the $0.3050 support plus the 100 hourly simple moving average. Moreover, there was a break below a major bullish trend line with support at $0.3050 on the hourly chart of the XRP/USD pair. The current price action is bearish and ripple is trading well below the $0.3000 level. An immediate support is near the $0.2940 level, below which there is a risk of more losses towards $0.2900.

Looking at the chart, ripple price is clearly trading in a bearish zone below the $0.3050 support plus the 100 hourly simple moving average. Therefore, sellers could eye a downside extension below $0.2940 and $0.2920.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is mostly flat with chances of strength in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level.

Major Support Level – $0.2940

Major Resistance Level – $0.3050

The post Ripple Price Analysis: XRP In Trouble, Bears Eye Further Declines appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 2.7511 (-1.89%)
Объем 24H $8.038b
Изменеия 24h: -7.78 %, 7d: -11.77 %
Cегодня L: $2.7428 - H: $2.9505
Капитализация $158.748b Rank 3
Цена в час новости $ 0.3008 (814.59%)

xrp ripple price break pair below analysis

Источник: newsbtc.com

xrp ripple → Результатов: 126


Ripple разблокирует 1 миллиард XRP 1 февраля

Компания Ripple, разработавшая реестр XRPL и выпустившая токен XRP, разблокирует 1 миллиард XRP в субботу 1 февраля. По текущим ценам эта разблокировка стоит $3,10 млрд. Когда XRP был запущен в 2012 году, Ripple оставила 80 миллиардов из этого запаса для собственных нужд, постепенно продавая токены на рынке.

2025-1-31 12:11


Фото:

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Компания Ripple предупредила подписчиков в соцсети Х о массовых случаях фишинга и мошенничества на фоне роста крипторынка, в частности, криптоактива XRP.

2024-12-3 12:57


Фото:

XRP выросла на 20% после встречи гендиректора Ripple с Трампом

Американское издание FOX Business сообщило, что генеральный директор Ripple Брэд Гарлингхаус встретился с избранным президентом США Дональдом Трампом. На фоне этой новости криптовалюта XRP выросла на 20% — до $0,9842.

2024-11-18 11:49


Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

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