Ripple (XRP) Price Remains Supported For More Upsides

2019-12-2 07:28

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 $0.2260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair needs to climb above the $0.2260 and $0.2300 resistance levels to continue higher.

Ripple price is struggling to gain bullish momentum against the US Dollar and bitcoin. XRP price might revisit the $0.2180 or $0.2150 support before it climbs higher.

Ripple Price Analysis

After forming a local top near the $0.2320 level, ripple started a fresh decline against the US Dollar. XRP price declined below the $0.2250 support level and the 100 hourly simple moving average.

Moreover, the price broke the $0.2200 support and tested the $0.2180 support zone. A low was formed near the $0.2188 and the price recently started an upside correction.

There was a break above the $0.2220 resistance area. Besides, the price climbed above the 23.6% Fib retracement level of the latest decline from the $0.2325 high to $0.2188 low.

However, the price is facing a lot of hurdles near the $0.2250 and $0.2260 resistance levels. It seems like the 50% Fib retracement level of the latest decline from the $0.2325 high to $0.2188 low is acting as a resistance.

More importantly, there is a major bearish trend line forming with resistance near $0.2260 on the hourly chart of the XRP/USD pair. Finally, the 100 hourly simple moving average is acting as a strong resistance near $0.2250.

Therefore, a clear break above the $0.2260 resistance area and the 100 hourly simple moving average could open the doors for more gains. The next major resistance is near the $0.2300 level. It is near the 76.4% Fib retracement level of the latest decline from the $0.2325 high to $0.2188 low.

On the downside, an initial support is near the $0.2220 level. If there is a downside break below $0.2200, the price could continue to decline towards the $0.2180 support. The main support is near the $0.2150 level.

Looking at the chart, ripple price is facing a couple of important resistances near $0.2250. Thus, the bears might eye another decline below the $0.2220 and $0.2200 support levels. Having said that, the bulls might appear if the price tests the $0.2150 support area.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is about to move back into the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently declining and is just below the 50 level.

Major Support Levels – $0.2220, $0.2200 and $0.2180.

Major Resistance Levels – $0.2250, $0.2560 and $0.2300.

The post Ripple (XRP) Price Remains Supported For More Upsides appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5085 (+0.19%)
Объем 24H $1.006b
Изменеия 24h: 0.76 %, 7d: -2.77 %
Cегодня L: $0.4973 - H: $0.5088
Капитализация $28.917b Rank 7
Цена в час новости $ 0.2687 (89.24%)

near price resistance ripple 2260 currently facing

Источник: newsbtc.com

near price → Результатов: 126


Here’s Why AI Crypto Near Protocol (NEAR) Price Is Up This Week

The decentralized application platform NEAR Protocol (NEAR) has experienced a significant price rally over the past seven days, with its native cryptocurrency rising by an impressive 35%. This surge comes as the project continues to garner attention for its innovative approach to improving the user experience and scalability of blockchain technology.

2024-4-25 00:20


Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

2018-10-20 01:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

21Shares files S-1 application for an XRP ETF

Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov.

Seasoned Trader Eyes $35 For XRP, Says It’s Not As Crazy As It Sounds

A well-experienced trader recently got significant attention after making a bold statement that an XRP price hike could be somewhere between $30 to $35 based on his assumptions of the market. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable.