Ripple Price Analysis: XRP’s Correction Reaches Crucial Juncture

2019-2-12 08:00

Ripple price started a downside correction and traded below the $0.3050 support against the US dollar. There is a major declining channel in place with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under pressure and it seems to be approaching the key $0.2915 support area.

Ripple price corrected most its gains against the US Dollar and Bitcoin. XRP/USD settled below $0.3050 and it could extend the current correction towards the $0.2915 support area.

Ripple Price Analysis

Recently, ripple price started a downside correction after trading as high as $0.3200 against the US Dollar. The XRP/USD pair traded below the $0.3100 and $0.3050 support levels. Sellers pushed the price below the $0.3000 support and the 100 hourly simple moving average. Besides, there was a break below the 61.8% Fib retracement level of the last leg from the $0.2865 low to $0.3200 high. It seems like the price trimmed most of its recent gains and it could extend the decline to $0.2915 in the near term.

It traded as low as $0.2939 recently and it is currently correcting higher. An initial resistance is near the $0.3000 level and the 100 hourly SMA. Besides, the 50% Fib retracement level of the recent drop from the $0.3077 high to $0.2939 low is also near $0.3000. Above this, the price could struggle near the $0.3025 level. The main resistance is near $0.3050 and the 76.4% Fib retracement level of the recent drop from the $0.3077 high to $0.2939 low. Finally, there is a major declining channel in place with resistance near $0.3040 on the hourly chart of the XRP/USD pair.

Looking at the chart, ripple price is clearly following a declining pattern from the $0.3200 swing high. The price could remain under pressure and it may even slide towards the $0.2915 support. To recover, the price must break the $0.3000 and $0.3050 resistance levels.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD moved below the 40 level, with a bearish angle.

Major Support Level – $0.2915

Major Resistance Level – $0.3050

The post Ripple Price Analysis: XRP’s Correction Reaches Crucial Juncture appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5222 (+0.64%)
Объем 24H $996.717m
Изменеия 24h: 1.07 %, 7d: -1.34 %
Cегодня L: $0.5126 - H: $0.5222
Капитализация $28.957b Rank 7
Цена в час новости $ 0.3 (74.07%)

ripple xrp correction price support pair reaches

Источник: newsbtc.com

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is XRP Your Next Big Bet? Analyst Makes Bullish Case For $3 Trillion Market Cap

A recent analysis from EGRAG CRYPTO has captured the attention of the crypto community with an ambitious prediction. The analyst suggests that XRP’s market cap could potentially reach an astounding $3 trillion, a development that would elevate the token into the top tier of digital assets and significantly impact the entire crypto landscape. Related Reading: […]

London Stock Exchange’s new crypto ETNs see sluggish start, only 200 shares traded

Quick Take On May 28, the London Stock Exchange opened trading for crypto exchange-traded notes (ETNs), but access was restricted to regulated financial investors, excluding retail traders. This development raises questions about the demand for these ETNs, especially since European investors have already had access to digital asset ETFs for some time now.

Криптоаналитика: обзор рынка биткоина (BTC) и альткоинов. Ключевые данные за неделю

За последние 24 часа рынок криптовалют буквально засиял новыми красками! Bitcoin и несколько альткоинов показали значительный рост, хотя это только начало. BNB, Ripple, Dogecoin и Solana порадовали инвесторов своим ростом, подтвердив положительные тенденции на рынке.

Coinbase resumes XRP trading in New York

Cryptocurrency exchange Coinbase has resumed XRP trading in the state of New York again following a 2021 suspension. Paul Grewal, Coinbase’s chief legal officer, announced on X that XRP is now available to trade in the state. “We heard you…