Ripple’s XRP Price: XRP Underperforms and Forms Lower High

2019-2-9 18:59

XRP Daily Chart

A surge took place yesterday across the market led by Litecoin.

Movements in Llitecoin can often serve as a leading indicator for movements in Bitcoin and other top altcoins, and this was the case yesterday.

One cryptocurrency which underperformed during yesterdays surge was XRP.

Data from Messari show XRP increasing by 4.95% whereas bitcoin and Ethereum increased by 6.3% and 10.09% respectively.

This has revived the possibility that Ethereum will overtake XRP for the position of the largest altcoin by market cap as the market caps of both cryptocurrencies come close together.

While most top cryptocurrencies managed to surpass their former high during yesterdays increase, XRP fell short forming a lower high.

This results in a more bearish market structure when compared with other top cryptocurrencies.

XRP 4-Hour Chart

The spike in XRP quickly overcame expected resistance at $0.296.

However, this was the case in most cryptocurrencies with expected resistance levels being quickly overcome.

XRP did, however, find resistance at $0.3122 and has failed to close above this point. It is once again testing this level today.

Consecutive tests increase the likelihood that price will break above with each test resulting in fewer sellers to hold the level.

In the event of a drop, $0.296 would be expected to come into play as support despite being quickly overcome yesterday.

If $0.3122 is overcome, the next key resistance level to monitor is $0.335.

Key Takeaways: XRP underperformed during yesterdays market increase. There is now a strong possibility that Ethereum may surpass it in terms of total market cap. XRP has formed a lower high on the daily resulting in a more bearish market structure than other top cryptocurrencies. XRP quickly overcame expected resistance at $0.296 but did find resistance at $0.3122 which it is retesting today $0.296 is expected to act as support in the event of a price drop. If $0.3122 can be overcome, $0.335 will be expected to act as resistance.

Ripple’s XRP Price: XRP Underperforms and Forms Lower High was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

origin »

Ripple (XRP) на Currencies.ru

$ 2.6634 (-0.36%)
Объем 24H $3.82b
Изменеия 24h: -0.95 %, 7d: -3.65 %
Cегодня L: $2.6445 - H: $2.6989
Капитализация $154.177b Rank 3
Цена в час новости $ 0.3111 (756.12%)

xrp bitcoin ripple cryptocurrency yesterday movements high

Источник: blokt.com

xrp bitcoin → Результатов: 126


Ripple’s XRP Struggle Against Bitcoin (BTC): Is a Breakout on the Horizon or More Stagnation Ahead?

XRP’s lagging performance has raised eyebrows among traders and analysts. Despite Bitcoin’s bullish trend, XRP seems to be struggling, prompting discussions about its future. Experts have analyzed XRP’s current market position, its prolonged consolidation, and alternative options for investors seeking better returns.

2024-6-5 22:30


Early Bitcoin Adopter Says XRP Price Is Closer To $10 Than You Think – Here’s Why

A Bitcoin adopter has outlined the various achievements of XRP, foreseeing a significant price increase for the cryptocurrency that could move it closer to the $10 milestone.  Bitcoin OG Says XRP $10 In Sight In an X (formerly Twitter) post, Bitcoin OG, Lucky predicted that the value of XRP could significantly appreciate, pushing closer to […]

2023-10-28 19:00


The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?

A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin.    XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.

2023-9-16 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Tumbles to $92k as Geopolitical Headwinds Roil Markets

Bitcoin fell 4. 72% over the weekend and another 3. 50% during Monday’s Asian session as tensions driven by Trump’s tariffs have investors derisking their positions. Over the weekend, China responded to Trump’s tariffs by indicating interest in imposing tariffs on US goods, while Canada imposed a 25% tariff on CA$155 billion worth of US goods.

Crypto Whale Offloads 10,070 Ethereum – Is ETH Losing Its Appeal?

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […] The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.

Weekly Price Analysis: Prices Decline on Risk-Off Sentiments

Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

In the past week, Ethereum (ETH) has dropped 9. 3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish.