Ripple is currently correcting higher from the $0.1981 monthly low against the US Dollar. XRP price must break $0.2100 and $0.2150 to start a strong recovery in the near term.
Ripple price is currently consolidating above the $0.2000 pivot level against the US dollar.
The price is facing a lot of hurdles near the $0.2100 and $0.2150 levels.
There is a key bearish trend line forming with resistance near $0.2085 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price could correct higher towards $0.2150, above which it might surge towards $0.2250.
Ripple Price Could Recover in the Short Term
Yesterday, we saw a sharp decline in ripple below the $0.2200 and $0.2050 support levels. XRP price even dived below the key $0.2000 support level and settled well below the 100 hourly simple moving average.
A new monthly low is formed near the $0.1981 level and the price is currently correcting higher. It is back above the $0.2000 level, but facing a lot of hurdles.
An initial resistance is near the 23.6% Fib retracement level of the recent drop from the $0.2450 high to $0.1981 low. More importantly, there is a key bearish trend line forming with resistance near $0.2085 on the hourly chart of the XRP/USD pair.
Ripple Price
If there is an upside break above the trend line, ripple price might recover towards the $0.2150 resistance. A successful break above the $0.2150 level could start a strong recovery in the coming sessions.
The next major resistance is near the $0.2215 level since it is close to the 50% Fib retracement level of the recent drop from the $0.2450 high to $0.1981 low. Any further gains will most likely lead the price towards the $0.2280 resistance level and the 100 hourly SMA. An intermediate resistance is near the $0.2250 level.
Another Failure?
If ripple fails to correct above the $0.2100 and $0.2150 resistance levels, it is likely to resume its decline. An initial support is near the key $0.2000 pivot area.
A clear break and close below the $0.2000 support area may perhaps spark a sharp decline. The next support is near the $0.1981 low, below which there is a risk of a drop towards the $0.1920 level in the near term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently recovering and it is near the 50 level.
Major Support Levels – $0.2040, $0.2020 and $0.2000.
Major Resistance Levels – $0.2100, $0.2120 and $0.2150. origin »
The third-largest cryptocurrency is back in the red, in line with the broad crypto market. In the past 24 hours, XRP lost 9.43% of its value, currently trading at $0.218. In the past month, the digital asset has lost nearly 22% of its value but is still up 18% in 2020 so far. Interestingly, after […]
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.
Ripple climbed above $0. 2800, but it failed to continue above $0. 2860 against the US Dollar. XRP price is currently declining towards the key $0. 2700 and $0. 2650 support levels. Ripple price topped near the $0.
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Ripple corrected lower sharply and broke the $0. 3000 support area against the US Dollar. XRP is now trading near the key $0. 2640 support and it must break $0. 2900 for a fresh increase. Ripple price is currently consolidating above the key $0.
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Ripple started an upside above the $0. 2850 resistance area against the US Dollar. However, XRP price is still facing a couple of key hurdles near $0. 3000 and $0. 3080. Ripple price is currently correcting higher from the $0.
XRP has been on an absolute tear over the past 60 days. Since bottoming at $0. 17 in the middle of December, the cryptocurrency, currently the third-largest by market capitalization/value, has surged by just under 100%, hitting $0.
XBTFX, a derivatives trading platform, announced recently that Ripple (XRP) is now available as a base account currency for live trading accounts. The company currently has 15 cryptocurrencies for deposit, withdrawal, and exchange including five stablecoins.
Ripple gained recently and broke the $0. 2450 and $0. 2500 resistance levels against the US Dollar. XRP price is currently correcting, but it is likely to continue higher towards $0. 3000. Ripple price climbed higher and traded to a new monthly high at $0.
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Coinspeaker Ripple Gets Two New Partners as U. S. Treasury Declares SupportTwo new partners, Bottomline Technologies and Tranglo, are currently working on integrating Ripple's technology for their cross-border payments.
Ripple failed to surpass the $0. 2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it seems vulnerable to a drop below $0. 2300 and $0.
Ripple is currently recovering above $0. 2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0. 2500 or $0. 2600 once it clears the $0. 2400-$0. 2420 resistance.
Ripple price is currently correcting higher from the $0. 1741 low against the US dollar. It seems like the bulls are struggling to clear the $0. 2000 resistance area. Yesterday’s highlighted major bearish trend line is active with resistance near $0.
The digital currencies are getting popularity day by day, and the reason behind their popularity is the increase in the price. Ripple (XRP) is currently the second highest cryptocurrency in the market by market cap, and the price has gone up by +977% few months ago.
Ripple price started a major decline from well above the $0. 2300 level. XRP to USD is approaching the $0. 2175 support, below which it could decline heavily. Key Takeaways: XRP/USD Ripple price is currently under pressure below the $0.
Ripple price declined recently below the $0. 2240 and $0. 2220 support levels against the US dollar. The price is currently correcting higher, but facing resistance near $0. 2240 and $0. 2260. There is a key bearish trend line forming with resistance near $0.
Ripple price is currently declining from the key $0. 2320 resistance area against the US dollar. The price is now trading below $0. 2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.
Ripple price rallied recently above the $0. 2220 resistance, but failed near $0. 2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0. 2100.
Ripple price is currently declining and trading below the $0. 2240 resistance area. XRP to USD is likely to continue lower towards the key $0. 2130 support area in the near term. Key Takeaways: XRP/USD Ripple price is trading in a bearish zone below the $0.
Ripple price is holding a couple of important supports near $0. 2180 and $0. 2150 against the US dollar. The price is currently facing resistance near the $0. 2260 and $0. 2300 levels. There is a major bearish trend line forming with resistance near $0.
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Ripple price is currently correcting from the monthly low of $0.2003. XRP to USD is now trading above $0.2150 and it is facing a lot of strong hurdles near $0.2250 and $0.2350. Key Takeaways: XRP/USD Ripple price is trading with a short term bullish bias above the $0.2150 level against the US Dollar. XRP/USD climbed […]
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Ripple price is currently correcting from the new monthly low of $0. 2005 against the US dollar. The price might correct further higher, but the $0. 2270 resistance is a crucial hurdle for buyers.
Ripple price is down close to 10% and it even traded close to the $0. 2000 support against the US dollar. The price is currently correcting higher, but it is likely to struggle near $0. 2180 and $0.
Ripple price is down 5% and it broke the key $0. 2420 support area against the US dollar. The price tagged the $0. 2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.
Ripple price is currently struggling to surpass the $0. 2560 and $0. 2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0. 2600 resistance.
Ripple price is currently correcting higher from the $0. 2460 support. XRP to USD is facing an uphill task near the $0. 2560 and $0. 2580 resistance levels. Key Takeaways: XRP/USD Ripple price is currently struggling to clear the $0.
Ripple price is currently correcting higher and is trading above $0. 2520 against the US dollar. The price seems to be approaching a major resistance area near the $0. 2600 level. This week’s crucial bearish trend line is intact with resistance near $0.
Ripple price is under pressure and struggling to surpass the $0. 2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0. 2580 support area. There is a major bearish trend line forming with resistance near $0.
Ripple price is following a downtrend below the $0. 2700 support area against the US dollar. The price is currently trading near the $0. 2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.
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After a brief attempt to climb above its strong resistance level at $0. 30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently sit around $0.
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Ripple price is showing bearish signs and recently declined below $0. 2980 against the US dollar. The price is currently consolidating losses above $0. 2850 after it traded as low as $0. 2746. There is a short term breakout pattern forming with resistance near $0.
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Ripple price surged recently above the $0. 3040 and $0. 3120 resistances against the US dollar. The price is currently trimming gains and trading near the $0. 3000 support area. Yesterday’s major bullish trend line is active with support near $0.
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Ripple price is gaining momentum and it recently climbed above $0. 3000 against the US dollar. The price traded towards the $0. 3050 resistance area and it is currently correcting lower. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
XRP price might not be making any moves — currently trading below $0.30 — despite the Swell event just around the corner but its on-chain metrics are going strong. In a Twitter Thread, Coin Metrics, a crypto asset market data, and research firm shared these developments starting with a significant uptick in the transaction count […]
Ripple price is currently correcting higher after a sharp decline to $0. 2500 against the US dollar. The price is showing positive signs and is trading nicely above the $0. 2720 level. Yesterday’s highlighted key bearish trend is active with resistance near $0.
Ripple price declined heavily after it broke the key $0. 2850 support area against the US dollar. The price tested the main $0. 2500 support area and it is currently rebounding above $0. 2650. There is a major bearish trend line forming with resistance near $0.
Ripple price declined recently after it failed to climb above the $0. 3030 resistance against the US dollar. The price is currently trading below $0. 2950, but it is holding the key $0. 2850 support area.
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