Ripple is trading in a broad range above the $0.2100 support against the US Dollar. XRP declined below a key support versus bitcoin and it is now at a risk of a sharp decline vs USD.
Ripple is facing hurdles near the $0.2200 and $0.2220 resistance levels against the US dollar.
It seems like the price is preparing for a major break either above $0.2250 or below $0.2100.
There is a short term rising channel forming with support near $0.2160 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline heavily below the $0.2150 and $0.2100 support levels.
Ripple Price Remains At Risk
Bitcoin price started a strong rise above $9,500 and climbed towards $10,000, but ripple failed to follow through. As a result, XRP to BTC broke a couple of key supports levels, increasing pressure on XRP/USD.
The recent swing high was formed near $0.2225 before the price started a downside correction. There was a break below the $0.2200 support level. The price is now trading below the 23.6% Fib retracement level of the upward move from the $0.2110 low to $0.2225 high.
It seems like there is a short term rising channel forming with support near $0.2160 on the hourly chart of the XRP/USD pair. The channel support is close to the 50% Fib retracement level of the upward move from the $0.2110 low to $0.2225 high.
Ripple Price
The 100 hourly simple moving average is also acting as a strong support near $0.2160. If ripple fails to stay above the $0.2160 and $0.2150 support levels, it could continue to move down towards the $0.2100 support.
Any further losses might risk a strong decline towards the $0.2000 and $0.1980 support levels in the coming sessions.
Chances of Upside Break
If ripple starts a strong increase from $0.2160 and breaks the $0.2220 resistance, it could continue to rise. The next key resistance on the upside is near the $0.2265 level.
A successful close above the $0.2265 level is needed for a push towards the $0.2350 level. Any further gains could open the doors for a larger rally towards the $0.2400 and $0.2500 levels.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.
Major Support Levels – $0.2150, $0.2100 and $0.2080.
Major Resistance Levels – $0.2200, $0.2220 and $0.2350.
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This contribution reflects Ripple’s broader commitment to philanthropy, with over $170 million donated globally to nonprofits, charities, and educational programs.
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America’s largest crypto exchange, Coinbase, has come out in support of Ripple amid its ongoing legal brawl with the Securities and Exchange Commission (SEC).
Ripple extended its decline and tested the $0. 2800 support against the US Dollar. XRP price is likely to start a slow and steady rise as long as it is above the $0. 2800 support. Ripple failed to stay above the $0.
The legal battle between Ripple and investors continues to poodle ahead. The latest development is a filing by the San Francisco-headquartered blockchain payments firm asking the court to dismiss the fraud charges put forward by the plaintiff on the account of lack of evidence to support the said claims.
Ripple is down close to 5% and it broke the key $0. 1810 support zone against the US Dollar. XRP price is currently recovering, but the same support is likely to protect gains. Ripple price is back in a bearish zone below the $0.
Ripple Price Analysis The last 7 trading days has been a troublesome period for Ripple holders as price action…
The post Ripple Price Analysis: XRP Breaks Below $0. 30 and Reaches Support at $0.
Ripple price failed to stay above the $0. 3000 support and declined heavily below $0. 2900 against the US dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $0.
Ripple price traded lower recently and tested the $0. 3580 support against the US dollar. There is a major bullish trend line with support at $0. 3530 on the hourly chart of the XRP/USD pair (data source from Kraken).
A look at the Weekly chart of Ripple in logarithmic form, shows us that price has fallen from the high of January 2018 of around $3.2 to close to $0.3. There is some support in the $0.3 area, and it is worth noting that there was a bounce with strong volume in September (yellow arrow), […]
Ripple [XRP]: Will Support Hold or Are We Heading Downward? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Ripple found support at the area of interest previously marked and looks ready to aim for the upside targets marked by the Fib extension tool. The 38. 2% level is just close by and in line with the mid-channel area of interest.
Key Highlights Ripple price remained confined in a tiny range above the $0. 4500 support against the US dollar. Yesterday’s highlighted important bearish trend line was breached with resistance at $0.
Wirex is one of the very few cryptocurrency firms still offering debit cards related to Bitcoin and other cryptocurrencies. In its latest update, the firm announced support for Ripple’s XRP. It’s a somewhat controversial addition, given the SEC’s unclear stance on whether or not this digital asset is a security. An Interesting Move by Wirex […]
Technically, Ripple (XRP) is bearish and that’s despite news of Wirex support or coin listings in different exchanges around the world which is of course supportive of price. Following yesterday’s high volume XRP bull candlestick reversing from support, chances are we might see a follow through today but that won’t be enough to warrant XRP.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 46, $0. 47, $ 0. 49 Support Levels: $0. 44, $0. 43, $0. 42 Yesterday, July 23rd, the price of Ripple was also in a sideways trend. But yesterday the cryptocurrency depreciated to the low of $0.
Key Highlights Ripple price struggled to break the $0. 4650 resistance and declined below $0. 4500 against the US dollar. There was a break below an ascending channel with support at $0. 4550 on the hourly chart of the XRP/USD pair (data source from Kraken).
Wirex, the bitcoin wallet app, today released an update of its app on both iOS and Android which includes a native XRP wallet. Users can buy, store and exchange Ripple (XRP) in-app. Users can. .
Key Highlights Ripple price found support near the $0. 4300 level and recovered a few points against the US dollar. There was a break above major connecting bearish trend line with resistance at $0.
Romanian bitcoin and cryptocurrency exchange CoinFlux has announced the support of Ripple native asset XRP to its offering. The minimum transaction value for XRP on CoinFlux is set to EUR 20. CoinFlux provides convenient.
Key Highlights Ripple price broke a major support area near $0. 4750 to move into a bearish zone against the US dollar. There is a key bearish trend line in place with resistance at $0. 4700 on the hourly chart of the XRP/USD pair (data source from Kraken).
XRP/USD Medium-term Trend: Bullish Resistance Levels: $0. 48, $0. 49, $ 0. 50 Support Levels: $0. 46, $0. 45, $0. 44 Yesterday, July 18th, the price of Ripple was in a bullish trend. The price of the cryptocurrency rose to the high of $0.
Key Highlights Ripple price made a nice upside move before facing sellers near $0. 5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0. 4950 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price rocketed higher and broke the $0. 5000 and $0. 5200 resistance levels against the US dollar. There is a major bullish trend line in place with support at $0. 4920 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price is surging higher and it recently broke the $0. 4500 resistance against the US dollar. There is a key connecting bullish trend line formed with support at $0. 4750 on the hourly chart of the XRP/USD pair (data source from Kraken).
Paybis, a UK based cryptocurrency, and digital currency exchange platform, recently announced that the platform has added support for XRP tokens. They have partnered with Simplex to set up the MasterCard and Visa transactions.
One of the global-leading traditional money transferring companies – Tempo, is working on a world-scale cryptocurrency payment network. To do so, Stellar Lumens open-source decentralized protocol that runs the token XLM is used to support the system.
Canada’s new crypto exchange, National Digital Asset Exchange (NDAX) announced its support for the trading of XRP tokens. The brokerage firm will accept Canada’s fiat currency and will not charge for deposits until the end of the current year.
XRP/USD Long-term Trend: Bearish Resistance Levels: $0. 47, $0. 48, $0. 49 Support levels: $0. 45, $0. 46, $0. 46 The XRP/USD pair was also in the downward trend since April 22, 2018, at a price of $0.
As some retail investors are leaving crypto, large institutional players are moving in, as they see value around the current price levels. Do the charts support their sentiment?
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 46, $0. 47, $ 0. 48 Support Levels: $0. 43, $0. 42, $0. 41 Yesterday, July 12, the price of Ripple was also in a bearish trend. The Ripple price closed at a price of $0.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 46, $0. 47, $ 0. 48 Support Levels: $0. 44, $0. 43, $0. 42 Yesterday, July 10, the price of Ripple was in a bearish trend. The cryptocurrency was consolidating at a price of $0.
Key Highlights Ripple price is under a lot of pressure and it recently broke the $0. 4500 support against the US dollar. There is a short-term declining channel in place with resistance at $0. 4500 on the hourly chart of the XRP/USD pair (data source from Kraken).
A campaign to raise awareness that XRP is not Ripple, three court cases and a race to meet SEC decentralization requirements for endorsement is obviously exposing XRP and cushioning Ripple the company.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $0. 45, $0. 46, $ 0. 47 Support Levels: $0. 43, $0. 42, $0. 41 Yesterday, July 9, price of Ripple was in a sideways trend. In the medium term trend, the cryptocurrency is still in a sideways trend.
Key Highlights Ripple price extended its decline and broke the $0. 4700 support area against the US dollar. Yesterday’s highlighted major bullish trend line was breached with support at $0. 4690 on the hourly chart of the XRP/USD pair (data source from Kraken).
Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information.
XRP/USD Medium-term Trend: Ranging Resistance Levels : $0. 48 , $0. 49, $ 0. 50 Support Levels: $0. 46, $0. 45, $0. 44 Last week, the price of Ripple was in a sideways trend. Price of the cryptocurrency is fluctuating between the resistance level at $0.
Key Highlights Ripple price declined a few points recently after trading as high as $0. 4877 against the US dollar. There is a key bullish trend line forming with support at $0. 4680 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to hold an important support at $0. 4750 and declined against the US dollar. Yesterday’s highlighted important bullish trend line was breached with support at $0.
Only investors who believe in the potential of virtual currencies remain invested or are looking to make a fresh investment after the fall. The cryptocurrencies might spend some time forming a large base upon which the next bull market will be built.
Key Highlights Ripple price is following a bullish path above the $0. 4750 pivot level against the US dollar. There is a major bullish trend line in place with support at $0. 4900 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 4, price of Ripple was in a bullish trend. The use of trend line was suggested in a bullish trend to determine support levels in order to initiate long trades. The bullish trend is continuing as […]
One of the first regulated exchanges in Australia known as Independent Reserve, will add support to Ripple (XRP) during this week. The exchange located in Sydney will offer its users the possibility to trade Ripple, the third most important cryptocurrency according to its market capitalization.
We have seen a number of reports recently that discuss how Google Trends can be used to prove there is a huge demand for Ripple XRP and TRON TRX at the moment. Because of this, we decided to run a little investigation into the topic.
XRP/USD Medium-term Trend: Bullish Resistance Levels : $0. 49 , $0. 50, $ 0. 51 Support Levels: $0. 47, $0. 46, $0. 45 Yesterday, July 3, the Ripple cryptoasset was in a bullish trend. Today, the price of cryptoasset has retraced and it is testing the bullish trend line.
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).
SBI Holdings Japan is getting ready to introduce its 23 million user base to cryptocurrency trading on its trading platform VCTRADE. The platform was launched last month with support for Ripple’s native coin XRP.
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.
According to a notice on the XRPChat, the Wirex app is undergoing updates on their platform. These updates, as said in the notice, are the upcoming Ripple (XRP) wallet, faster processing, and better efficiency.
XRP price rallied on Wednesday after Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission will drop its appeal in the lawsuit against the firm. XRP posted a double-digit rally following the announcement after Garlinghouse’s tweet on…
Bitnomial’s XRP futures is set to begin trading on March 20 The exchange filed a lawsuit against the US Securities and Exchange Commission (SEC) in 2024 for “overextend[ing] its jurisdiction to digital asset derivatives.
The XRP price bounced back on Wednesday as the market cheered the end of the legal issues between Ripple Labs and the Securities and Exchange Commission (SEC). Ripple jumped to a high of $2.58 on Thursday morning, up by about 45% from the lowest point this year. So, what next for the XRP token? What […]
Bitcoin, Ethereum and XRP gain slightly on Wednesday as traders gear for the U.S. FOMC rate decision at 2 PM ET. Unlike previous bear markets, traders are seeing shorter bear cycles followed by sharp price rallies.
After four years of legal uncertainty, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple, leading to a surge in XRP’s price.
The XRP price regained momentum on Wednesday after the Securities and Exchange Commission ended its legal battle against Ripple. Ripple (XRP) rose to $2.55, up by almost 50% from its lowest level this year. This surge brought its market cap…
