Ripple is currently consolidating above the $0.2100 support against the US Dollar. XRP price is showing bearish signs, but it could start a fresh increase as long as it is above the 100 SMA (H4).
Ripple price is currently struggling to stay above the $0.2100 support against the US dollar.
The price is facing a couple of important hurdles near the $0.2220 and $0.2265 levels.
There was a break below a key bullish trend line with support near $0.2160 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
The pair must stay above $0.2050 and the 100 SMA (H4) to start a fresh increase.
Ripple Price Trading Near Crucial Juncture
This past month, ripple surged above the $0.2000 and $0.2100 resistance levels to move into a positive zone. XRP price traded as high as $0.2359, settled well above the 100 simple moving average (4-hours), and recently started a downside correction.
There was a break below the $0.2200 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $0.1789 low to $0.2359 high.
However, the $0.2100 region is acting as a strong support. The 50% Fib retracement level of the upward move from the $0.1789 low to $0.2359 high is also acting as a support.
In the past few days, ripple traded in a broad range above $0.2100, but it struggled to clear the $0.2250 resistance zone. There was a downside reaction and a break below a key bullish trend line with support near $0.2160 on the 4-hours chart of the XRP/USD pair.
Ripple Price
The pair is still trading above the $0.2100 support area, but it is now struggling to recover above the broken trend line and $0.2180. To move into a positive zone, the price must surpass the $0.2200 and $0.2250 resistance levels.
The next major resistance is near the $0.2265, above which the bulls are likely to aim a larger upward move towards the $0.2350 and $0.2420 levels.
Reversal Chances?
On the downside, there is a key support forming near $0.2100. The most important uptrend support is near the $0.2050 level and the 100 simple moving average (4-hours).
If the price fails to stay above the 100 SMA (H4) and declines below $0.2000, there are chances of a bearish reversal towards the $0.1800 level.
Technical Indicators
4-Hours MACD – The MACD for XRP/USD is slowly gaining momentum in the bearish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently below the 50 level, with bearish signs.
Major Support Levels – $0.2100, $0.2070 and $0.2050.
Major Resistance Levels – $0.2200, $0.2250 and $0.2350.
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The cryptocurrency market regained momentum on Monday, with total capitalisation climbing back above the $4 trillion mark. Bitcoin, Ethereum, and Ripple all posted notable price action, supported by favourable macroeconomic indicators and increasing institutional activity.
Ripple rallied above the $0. 400 and $0. 450 resistance levels against the US Dollar. XRP price is up over 25% and there could be more upsides in the near term. Ripple is gaining pace above the $0.
Ripple extended its rally above the $0. 8000 resistance zone against the US Dollar. XRP price even tested $0. 9500 and it is now consolidating gains. Ripple started a strong surge above the $0. 8000 and $0.
Ripple gained bullish momentum above $0. 5000 and $0. 5500 against the US Dollar. XRP price remains attractive on dips and it is likely to climb further above $0. 5750. Ripple gained strength and it even spiked above $0.
Ripple trimmed most gains from the $0. 6000 resistance against the US Dollar. XRP price is now trading above $0. 4500 and it could attempt a fresh increase above $0. 5500. Ripple broke the $0. 5500 support zone, but it stayed above $0.
Ripple started a strong rally after it settled above $0. 3000 against the US Dollar. XRP price is up over 50% and it even cleared the $0. 5000 barrier to move into a positive zone. Ripple started a strong increase after there was a break above $0.
Ripple rallied significantly above $0. 6000 and $0. 7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0. 6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.
Ripple is gaining pace above the $0. 2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0. 2700 resistance level as long as it is above $0. 2400. Ripple is showing positive signs above the $0.
Ripple is forming a strong support base above the $0. 2800 level against the US Dollar. XRP price is showing positive signs and it seems like it could rally above the $0. 3100 and $0. 3200 levels.
Ripple surged more than 30% this past week to climb above $0. 3000 against the US Dollar. XRP price nosedived below $0. 3250, but technicals suggest a fresh increase above $0. 3150. Ripple price surged above the $0.
Ripple is resilient above the main $0. 1920 support zone against the US Dollar. As long as XRP price is above $0. 1900, it could drive the crypto market higher in the coming days. Ripple price is consolidating in a range above the $0.
Ripple is currently consolidating above the $0. 2000 support against the US Dollar. XRP price is likely to start a strong increase above $0. 2100 as long as it is above the 100 SMA (H4). Ripple price is currently trading nicely above the main $0.
Ripple is trading nicely in a bullish zone above $0. 1950 against the US Dollar. XRP price is likely to accelerate higher above the $0. 2000 and $0. 2020 resistance levels. Ripple price is showing signs of more upsides above $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 found support above the $0. 3100 level and recovered above $0. 3300 against the US dollar. There was a break above a major bearish trend line with resistance at $0. 3200 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price is holding gains above the $0. 4700 support level against the US dollar. There is a key bullish trend line formed with support at $0. 4800 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price extended slides recently, but it found support near $0. 4860 against the US dollar. There was a break above a key bearish trend line with resistance at $0. 5050 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price gained momentum recently and settled above the $0. 3000 and $0. 3200 resistances against the US dollar. There is a new important connecting bullish trend line in place with support at $0.
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).
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Key Highlights Ripple price stayed above the $0. 5250 support and bounced back against the US dollar. There is a crucial ascending channel forming with support at $0. 5380 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 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).
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