Ripple (XRP) Is Plunging And Here’s Why It Could Retest $0.20

2020-1-24 07:28

Ripple extended its decline and broke the key $0.2270 support against the US Dollar, similar to bitcoin below $8,500. XRP price is now at a risk of more losses towards $0.2050 or $0.2000. Ripple price is gaining bearish momentum and it is now well below $0.2300 against the US dollar. The price is trading near the $0.2200 support and it is likely to extend its decline. This week’s major bearish trend line is still active with resistance near $0.2295 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might slide further if it breaks the $0.2180 and $0.2150 support levels in the near term. Ripple Price Facing Bears Recently, there was an increase in selling pressure on ripple after it failed to clear the $0.2400 resistance against the US Dollar. As a result, XRP price extended its decline below the $0.2320 support and the 100 hourly simple moving average. The bears gained pace and pushed the price below the $0.2250 support level. Finally, the price spiked below the $0.2200 support level and traded to a new weekly low at $0.2171. It is currently correcting higher, but it is facing hurdles near the $0.2200 and $0.2210 levels. Besides, the 23.6% Fib retracement level of the recent decline from the $0.2370 high to $0.2171 low is acting as a hurdle. It seems like ripple is slowly turning bearish and it is likely to face a lot of hurdles near $0.2300. The first key resistance is near the $0.2270 level. It coincides with the 50% Fib retracement level of the recent decline from the $0.2370 high to $0.2171 low. Ripple Price More importantly, this week’s major bearish trend line is still active with resistance near $0.2295 on the hourly chart of the XRP/USD pair. If there is a clear break above the trend line and $0.2300, the price could start a decent upward move towards $0.2400. XRP Remains At Risk If XRP fails to correct above $0.2270 or $0.2300, it is likely to extend its decline. The first key support is near the $0.2150 level. If the bears push the price below $0.2150, there is a risk of a sharp decline below $0.2100. In the mentioned case, ripple price may perhaps decline towards the main $0.2000 support area in the coming sessions. Technical Indicators Hourly MACD – The MACD for XRP/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level, with a bearish angle. Major Support Levels – $0.2150, $0.2100 and $0.2000. Major Resistance Levels – $0.2270, $0.2295 and $0.2300. The post appeared first on NewsBTC.

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 $ 0.2687 (745.25%)

ripple price below xrp risk 500 2050

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 […]