Ripple Price Analysis: XRP Remains at Risk of Further Declines

2019-2-6 08:00

Ripple price declined further and broke the $0.2940 and $0.2900 support levels against the US dollar. There is a key bearish trend line in place with resistance near $0.2960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is trading in a bearish zone and it could continue to move down towards $0.2820 or $0.2800.

Ripple price accelerated losses against the US Dollar and Bitcoin. XRP/USD settled below $0.2940 and any recovery from the current levels could find a strong selling interest.

Ripple Price Analysis

There was a daily close below the $0.3000 support in ripple against the US Dollar. The XRP/USD pair declined further and broke many important supports near the $0.2900 level. Sellers were able to clear the key $0.2940 support and the 100 hourly simple moving average. It opened the doors for more losses and the price declined below the $0.2900 support level. It traded to a new monthly low at $0.2867 and it seems like sellers are in full control. At the moment, the price is consolidating losses above $0.2870, with no bullish angle.

An initial resistance is the 23.6% Fib retracement level of the recent decline from the $0.3110 high to $0.2940 low.  However, the main resistances are near the $0.2920 and $0.2940 level. The previous support was also near $0.2940, which is likely to prevent gains. Besides, the 50% Fib retracement level of the recent decline from the $0.3110 high to $0.2940 low is near the $0.2930 level. Finally, there is a key bearish trend line in place with resistance near $0.2960 on the hourly chart of the XRP/USD pair. Therefore, if there is an upside correction, the price is likely to face sellers near $0.2920, $0.2930 and $0.2940.

Looking at the chart, ripple moved into a bearish zone below $0.2960. If sellers remain in action for a long time, there is a risk of a drop below the $0.2800 support level.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD has reached the 20 level, with a bearish angle.

Major Support Level – $0.2850

Major Resistance Level – $0.2940

The post Ripple Price Analysis: XRP Remains at Risk of Further Declines appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5552 (+0.37%)
Объем 24H $1.991b
Изменеия 24h: 3.57 %, 7d: 9.47 %
Cегодня L: $0.5389 - H: $0.5736
Капитализация $31.573b Rank 7
Цена в час новости $ 0.2922 (90.01%)

further ripple price xrp pair bearish analysis

Источник: newsbtc.com

further ripple → Результатов: 69


Ripple goes full throttle and extends the lead over Ethereum: Binance to add XRP as base pair

Ripple’s continued success does not seem to be coming to an end, so the price has risen further in the last 24 hours and has increased its lead over competitor Ethereum. In order to further advance the adoption, it is necessary to further spread the available base pairs on exchanges in order to simply trade […] The post Ripple goes full throttle and extends the lead over Ethereum: Binance to add XRP as base pair appeared first on CaptainAltcoin.

2018-11-18 17:00


Ripple’s xCurrent 4.0 promises great benefits to its 150 customers. Even bigger benefits if they switch to xRapid

Ripple’s xCurrent and xRapid software solutions are used and extensively tested by a wide range of financial industry heavyweights worldwide. A newly published document indicates that xCurrent customers will be able to switch to xRapid without any problems in the future, as there will be a whole host of further updates.

2018-11-14 17:15


дальше еще 20 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Pro-XRP lawyer John Deaton loses Massachusetts Senate race: crypto fans urge Trump to appoint him as SEC chair

The Massachusetts Senate race has concluded with Senator Elizabeth Warren winning re-election over her pro-crypto opponent, John Deaton, marking a significant moment for the cryptocurrency industry. Warren, a prominent advocate for financial regulation, has remained a vocal critic of cryptocurrencies, which she often describes as a potential threat to financial stability and consumer security. Her […]

Dogecoin обогнал XRP

За последние 24 часа цена DOGE выросла на 25%, и сейчас мемкоин обогнал XRP по рыночной капитализации. На данный момент, Dogecoin оценивается примерно в $30,45 млрд, в то время как капитализация XRP чуть ниже — $30,40 млрд.

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.