Ripple price is consolidating above the $0.1850 and $0.1880 support levels against the US dollar.
XRP could start a larger rally if it clears the main $0.2000 resistance area.
There is a major breakout pattern forming with resistance near $0.1930 on the hourly chart of the XRP/USD pair (data source from Kraken).
Conversely, the pair might collapse if it breaks the $0.1850 support area.
Ripple price seems to be preparing for a larger breakout against the US Dollar, similar to bitcoin. XRP price must settle above $0.2000 to start a strong rally.
Ripple Price Analysis
In the past few days, ripple price made a couple of attempts to surpass the $0.2000 resistance against the US Dollar. However, XRP price failed to gain momentum above $0.1980 and declined recently.
Moreover, the price settled below the $0.1940 pivot level and the 100 hourly simple moving average. The last swing high was formed $0.1942 and the price is now trading with a bearish angle.
It is trading below the 23.6% Fib retracement level of the upward move from the $0.1881 low to $0.1942 high. On the downside, there are key supports forming near the $0.1900 and $0.1880 levels.
Besides, the 50% Fib retracement level of the upward move from the $0.1881 low to $0.1942 high is also near the $0.1910 level to provide support. Therefore, the bears need to push the price below the $0.1900 and $0.1880 levels to start a substantial decline.
The main support for ripple is near the $0.1850 level, below which there is a risk of a larger breakdown. In the mentioned bearish case, the price could accelerate towards the $0.1720 and $0.1650 support levels.
Conversely, the bulls could make another attempt to surpass the $0.1980 and $0.2000 resistance levels. If they succeed, the price will most likely start a larger rally above $0.2050.
In the bullish scenario, the price could surge towards the $0.2150 and $0.2200 resistance levels. More importantly, it bitcoin gains pace above $7,500 and Ethereum breaks $138, ripple might also gain a strong bullish momentum.
Ripple Price
Looking at the chart, ripple price seems to be confined in a range below the main $0.1980 and $0.2000 resistance levels. As long as there is no close below $0.1850, the price is likely to aim a crucial bullish break above the $0.2000 barrier in the coming days.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level, with a bearish angle.
Major Support Levels – $0.1900, $0.1880 and $0.1850.
Major Resistance Levels – $0.1940, $0.1900 and $0.2000. The post appeared first on NewsBTC. origin »
Ripple started a fresh increase above the $0. 4000 resistance against the US Dollar. XRP price is likely to accelerate further higher if it clears the $0. 4650 resistance. Ripple is up over 15% and it broke a major resistance near $0.
Key Highlights Ripple price traded further higher and almost tested the $0. 5250 resistance against the US dollar. There is a new bearish trend line in place with resistance at $0. 4850 on the hourly chart of the XRP/USD pair (data source from Kraken).
XRP/USD Medium-term Trend: Bullish Resistance Levels : $0. 50 , $0. 51, $ 0. 52 Support Levels: $0. 48, $0. 47, $0. 46 Yesterday, July 2, price of Ripple is in a sideways trend. Today, the cryptoasset is in a bullish movement.
Key Highlights Ripple price jumped higher and broke the $0. 4750 and $0. 5000 resistance levels against the US dollar. Yesterday’s highlighted short-term declining channel was breached with resistance at $0.
XRP/USD Medium-term Trend: Bearish Resistance Levels : $0. 46 , $0. 47, $ 0. 48 Support Levels: $0. 44, $0. 43, $0. 42 Last week the Ripple cryptoasset was in a bearish trend. The cryptoasset fell from the high of $0.
Key Highlights Ripple price recovered from the $0. 4248 low, but it failed to settle above $0. 4750 against the US dollar. There is a short-term declining channel in place with resistance at $0. 4650 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to move above the $0. 4750 resistance and declined against the US dollar. There is a major bearish trend line in place with resistance near $0. 4600 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price traded close to the $0. 4750 resistance where it faced sellers against the US dollar. There is a short-term ascending channel in place with support at $0. 4620 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to hold gains above the $0. 4700 support and declined against the US dollar. There is a new key bearish trend line formed with resistance near $0. 4600 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price traded higher and settled above the $0. 4700 resistance against the US dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $0. 4720 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to move above the $0. 5620 resistance area and trimmed gains against the US dollar. There is a key connecting bullish trend line in place with support at $0. 5250 on the hourly chart of the XRP/USD pair (data source from Kraken).
Litecoin’s price falls again on Monday, but remains above support for the lows of June 14 and 16. The LTC / USD is at risk of falling to $ 89, if it fails to rise above the resistance at the $ 94 level.
Key Highlights Ripple price formed a major low near the $0. 5100 level and bounced back against the US dollar. Yesterday’s important bearish trend line was broken with resistance near $0. 5200 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price declined from the $0. 5600 swing high with bearish moves against the US dollar. There is a key bearish trend line in place with resistance near $0. 5300 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price gained upside momentum as it managed to hold the $0. 5000 support against the US dollar. There is an ascending channel forming with support at $0. 5400 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to recover and extended its decline towards the $0. 50 level against the US dollar. There is a major bearish trend line forming with resistance near $0. 5300 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price came under a lot of pressure and declined below the $0. 5800 support area against the US dollar. There is a new connecting bearish trend line forming with resistance near $0.
Bitcoin (BTC), Ethereum (ETH) and XRP face carnage in response to Trump’s policies and announcements. The total market capitalization of crypto is down to $2.784 trillion on Wednesday.
Ripple price remains in a bear market after falling by over 35% from its highest level in January. Ripple (XRP) rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin…
Друзья, готовимся к важному событию — уже в мае XRP получит сразу несколько ETF. SEC рассмотрит заявки от Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale и WisdomTree. Но проблема в том, что SEC тянет время.
The cryptocurrency market has been under intense pressure, with XRP experiencing significant corrections in recent weeks. Over the last 24 hours, the total market cap has slipped by 4. 4%, affecting most major cryptocurrencies.
Ether dropped 9%, XRP fell 2%, and Dogecoin lost over 8% in 24 hours Investors react to Trump’s comments about a possible recession The US stock market lost more than $1.7 trillion in value Crypto prices have fallen across the board, with Bitcoin dropping below $77,000 as investors continued to react to US President Donald […]
The post Bitcoin drops to $76k after Trump fails to rule out a recession appeared first on CoinJournal.
Такого еще не было в индустрии криптовалют. Стало известно, что в правительство США теперь не просто создают крипторезерв, а планируют активно разгонять стоимость криптовалют. Это прямое заявление «криптоцаря» Трампа Дэвида Сакса.