Ripple (XRP) Above This Crucial Breakout Zone Could Spark Massive Rally

2020-2-28 07:28

Ripple started an upside correction from the $0.2220 support area against the US Dollar. XRP price is now testing $0.2450 and it must surpass $0.2500 for a fresh rally to $0.3000. Ripple price is currently recovering above the $0.2320 and $0.2400 levels against the US dollar. The price is now facing a couple of key resistances near $0.2450 and $0.2500. There is a major bearish trend line forming with resistance near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either start a massive rally towards $0.3000 or fail near $0.2500 for a fresh decline. Ripple Price Facing Key Resistance Yesterday, we saw a strong decline in ripple below the $0.2350 support area and the 100 hourly simple moving average. XRP price even traded below the $0.2250 support level and formed a new weekly low at $0.2229. It is currently correcting higher above the $0.2300 and $0.2350 resistance levels. The price also climbed above the 23.6% Fib retracement level of the downward move from the $0.2860 high to $0.2229 swing low. The current price action is positive, but ripple seems to be facing a couple of key hurdles near the $0.2450 and $0.2500 levels. There is also a major bearish trend line forming with resistance near $0.2430 on the hourly chart of the XRP/USD pair. Ripple Price Above the trend line, the main resistance is near the $0.2500 area and the 100 hourly simple moving average. The 50% Fib retracement level of the downward move from the $0.2860 high to $0.2229 swing low is near the $0.2540 level to act as a significant resistance. Therefore, a clear break above the trend line and then a follow up move above the $0.2500 resistance is must to start a strong rally. If ripple settles above the $0.2500 area and the 100 hourly SMA, the price could rise steadily towards $0.2850 and $0.3000 in the coming days. Another Failure? If ripple fails to climb above the $0.2450 and $0.2500 resistance levels, there are chances of another downward move. An initial support is near the $0.2350 level. A successful close below the $0.2350 support level may perhaps restart downtrend. The next key supports on the downside are visible near the $0.2250 and $0.2220 levels. Technical Indicators Hourly MACD – The MACD for XRP/USD is slowly moving into the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level, with a positive bias. Major Support Levels – $0.2350, $0.2250 and $0.2220. Major Resistance Levels – $0.2450, $0.2500 and $0.2540.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.2712 (+0.04%)
Объем 24H $11.727b
Изменеия 24h: 2.11 %, 7d: -5.61 %
Cегодня L: $2.1858 - H: $2.2889
Капитализация $130.029b Rank 4
Цена в час новости $ 0.2361 (861.97%)

ripple price rally xrp above currently 2450

Источник: newsbtc.com

ripple price → Результатов: 126


Фото:

Pundit Predicts Ripple’s XRP Surge to $366 Price Based on These Historical Indicators

XRP, the native cryptocurrency of the fintech company Ripple, started the new month on a sour note, with its price suffering a significant drop of just over 7% over the past 24 hours. Notably, apart from factors affecting the wider crypto sector, this dip was exacerbated by the abrupt cancellation of another highly anticipated closed-door meeting between […]

2024-8-2 17:30


Фото:

Ripple (XRP) price prediction for April

Ripple (XRP) price is trading comfortably above the $0.50 mark as bulls look to consolidate before pushing towards the next resistance line at $0.65. Fundamental analysis: Ripple buys a 40% stake in an Asian cross-border payments provider Tranglo Ripple has bought a large stake in Tranglo, a cross-border payments provider in a bid to satisfy […] The post Ripple (XRP) price prediction for April appeared first on Invezz.

2021-3-31 11:47


Фото:

Ripple (XRP) price is breaking out. Here are levels to watch

Ripple (XRP) price is trading over 12% higher this week despite a correction in Bitcoin. As a result, the price action has broken out of the consolidation range. Fundamental analysis: Judge drops a “bombshell”, says XRP has currency value and utility In the latest court session between the SEC and Ripple, Attorney Jeremy Hogan said […] The post Ripple (XRP) price is breaking out.

2021-3-23 16:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top 3 cryptocurrencies to buy for 5x gains by January 2025

As 2024 comes to an end, crypto investors are realigning their investments targeting top cryptocurrencies to buy for significant gains by January 2025. The urge stems from the renewed optimism around cryptocurrencies with the incoming pro-crypto Donald Trump administration.

Crypto wrap: BTC, ETH, XRP bounce as Horizen (ZEN) spikes 60%

The crypto market witnessed the sharpest declines in months as Bitcoin crashed to lows of $92k on December 20, 2024. However, the flagship cryptocurrency was back at $97k at the time of writing. Meanwhile, Horizen price led top gainers as Ethereum and XRP flipped positive after crashing to key support levels. Per market data from […]

Bithumb faces temporary XRP withdrawal delays as volume increases

Crypto market freefall causes Ripple withdrawal delays on Bithumb. One of the major cryptocurrency exchanges in South Korea, Bithumb, has formally announced that withdrawals of XRP are taking longer than planned because of an unexpected spike in transaction volume. In…

SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes

Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Related Reading: Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy? Crypto investors might have a lot of options next year when […]