Ripple Price Analysis: XRP/USD Rebound Facing Crucial Resistance

2018-11-15 09:36

Ripple price tumbled below the $0.4320 support against the US Dollar. XRP/USD tested $0.4000 and later recovered, but buyers are struggling near key resistances.

Key Talking Points

Ripple price declined heavily below the $0.4800 and $0.4320 support levels against the US Dollar. XRP/USD traded below a major contracting triangle with support at $0.4800 on the 2-hours chart (Data feed via Bitstamp). XRP price is currently recovering, but the previous support near $0.4620 is preventing gains. Ripple Price Forecast

There was a sharp bearish U-turn in ripple price from well above the $0.5000 level against the US Dollar. The XRP/USD pair tumbled and broke the $0.4800 and $0.4320 support levels to move into a bearish zone.

Looking at the chart, the price came under a lot of pressure after it broke the $0.4800 support and the 100 simple moving average (2-hours). Sellers took control and pushed the price below many supports, including $0.462.

Besides, there was a break below a major contracting triangle with support at $0.4800 on the same chart. It opened the doors for more losses and the price even broke the key $0.4320 support.

It traded close to the $0.4000 level and formed a low at $0.3999. Later, there was an upside recovery and the price moved above the $0.4200 and $0.4400 levels. Buyers pushed the price above the 23.6% Fib retracement level of the recent decline from the $0.5261 high to $0.3999 low.

However, the previous support at $0.4620 is acting as a solid barrier for buyers. Moreover, the 50% Fib retracement level of the recent decline from the $0.5261 high to $0.3999 low is also near $0.4620 to prevent gains.

Therefore, it won’t be easy for buyers to push the price above the $0.4620 resistance. The next key resistance is near the $0.4850 level, which was a major support earlier.

Overall, ripple price is under a lot of pressure below $0.4620. If there is a fresh decline, the price could trade below the $0.4320 support once again and retest the $0.4000 support.

The market data is provided by TradingView.

The post Ripple Price Analysis: XRP/USD Rebound Facing Crucial Resistance appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.4926 (+0.13%)
Объем 24H $801.203m
Изменеия 24h: -1.53 %, 7d: -5.02 %
Cегодня L: $0.4919 - H: $0.4943
Капитализация $27.343b Rank 7
Цена в час новости $ 0.4531 (8.72%)

ripple xrp usd price below support against

Источник: ethereumworldnews.com

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top 7 cheapest cryptocurrency in the world to buy in 2024

Interesting to know what is the cheapest crypto to buy in 2024? Check out our top 7 low-cost cryptos with potential for growth. Bitcoin (BTC) was in the news recently for reaching an all-time high price of more than $73,000,…

Ripple’s fintech partner Nium cuts valuation by 30%

Singapore-headquartered cross-border payments firm Nium has raised $50 million in a new funding round, marking a 30% discount to its previous valuation. Ripple‘s payment partner Nium has cut its valuation by 30% in its latest $50 million Series E funding…

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.