Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.2750

2018-9-12 10:00

Key Highlights Ripple price extended losses and broke the $0.2500 support zone against the US dollar. There are two bearish trend lines in place with resistance at $0.2650 and $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under a lot of pressure and it remains sell on rallies near the $0.2750 level.

Ripple price is clearly in a downtrend against the US Dollar and Bitcoin. XRP/USD could correct higher, but it is facing a major resistance near $0.2750.

Ripple Price Resistance

There was no major recovery noted above the $0.2800 level in Ripple price recently against the US Dollar. The XRP/USD pair remained in a bearish zone and it extended losses below the $0.2600 and $0.2500 levels. A new weekly low was formed near the $0.2492 level before there was an upside correction. The price moved above the 23.6% fib retracement level of the last slide from the $0.2890 swing high to $0.2490 swing low.

However, the price failed to move above the $0.2650 resistance, which was a support earlier. Besides, there was no test of the 50% fib retracement level of the last slide from the $0.2890 swing high to $0.2490 swing low. More importantly, there are two bearish trend lines in place with resistance at $0.2650 and $0.2750 on the hourly chart of the XRP/USD pair. Therefore, if the price continues to move higher, it could face a strong resistance near the $0.2750 resistance and the 100 hourly simple moving average.

Looking at the chart, ripple price remains in a downtrend below $0.2750. On the downside, a break below the $0.2450 support could trigger heavy declines. The next targets for sellers could be near the $0.2400 support in the short term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 50 level.

Major Support Level – $0.2500

Major Resistance Level – $0.2750

The post Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.2750 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.5044 (-2.57%)
Объем 24H $44.131b
Изменеия 24h: -6.85 %, 7d: 85.11 %
Cегодня L: $2.3674 - H: $2.8575
Капитализация $142.877b Rank 3
Цена в час новости $ 0.2827 (785.89%)

ripple price resistance 2750 usd key xrp

Источник: newsbtc.com

ripple price → Результатов: 126


Фото:

Pundit Predicts Ripple’s XRP Surge to $366 Price Based on These Historical Indicators

XRP, the native cryptocurrency of the fintech company Ripple, started the new month on a sour note, with its price suffering a significant drop of just over 7% over the past 24 hours. Notably, apart from factors affecting the wider crypto sector, this dip was exacerbated by the abrupt cancellation of another highly anticipated closed-door meeting between […]

2024-8-2 17:30


Фото:

Ripple (XRP) price prediction for April

Ripple (XRP) price is trading comfortably above the $0.50 mark as bulls look to consolidate before pushing towards the next resistance line at $0.65. Fundamental analysis: Ripple buys a 40% stake in an Asian cross-border payments provider Tranglo Ripple has bought a large stake in Tranglo, a cross-border payments provider in a bid to satisfy […] The post Ripple (XRP) price prediction for April appeared first on Invezz.

2021-3-31 11:47


Фото:

Ripple (XRP) price is breaking out. Here are levels to watch

Ripple (XRP) price is trading over 12% higher this week despite a correction in Bitcoin. As a result, the price action has broken out of the consolidation range. Fundamental analysis: Judge drops a “bombshell”, says XRP has currency value and utility In the latest court session between the SEC and Ripple, Attorney Jeremy Hogan said […] The post Ripple (XRP) price is breaking out.

2021-3-23 16:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

XRP Whales Are Depositing To Exchanges: Price To Drop Further?

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.

XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.

XRP Whales Go On $84 Million Buying Spree: Rally To Continue?

On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.

XRP & Litecoin See Social Media FOMO: Bad Sign For Prices?

Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.