Ripple Price Analysis: XRP/USD Reaching Crucial Juncture

2018-8-2 11:06

Ripple price retested the $0.4250-0.4300 support area and bounced back against the US Dollar. XRP/USD must clear $0.4550-0.4660 resistance zone for more gains.

Key Talking Points

Ripple price is facing a tough resistance near the $0.4550 and $0.4660 resistances against the US Dollar. There is a short-term bearish trend line formed with resistance at $0.4460 on the 2-hours chart of the XRP/USD pair (Data feed via Bitstamp). The pair has to remain above the $0.4250 and $0.4300 support levels to break to the upside. Ripple Price Forecast

There was a slow and steady decline recently in Ripple price below the $0.4550 level against the US Dollar. The XRP/USD pair tested a major support area near $0.4250-0.4300 and bounced back.

Looking at the chart, the price traded above the $0.4550 resistance level and spiked above the 23.6% Fib retracement level of the last slide from the $0.5235 swing high to $0.4271 low.

However, the price faced a solid resistance near the $0.4660 level. Moreover, the price failed to settle above the $0.4550 barrier and the 100 simple moving average (2-hours). More importantly, there was no complete test of the 38.2% Fib retracement level of the last slide from the $0.5235 swing high to $0.4271 low.

The price declined and moved back below the $0.4550 level. It seems like there is a short-term bearish trend line formed with resistance at $0.4460 on the 2-hours chart of the XRP/USD pair.

Above the trend line, the 100 hourly SMA is positioned at $0.4550. Therefore, there are many barriers formed for buyers near the $0.4550 level, trend line, and the 100 hourly SMA.

Above $0.4550, the price has to move above the $0.4660 resistance to gain bullish momentum. Above this last, ripple price will most likely move higher towards the $0.4800 and $0.5000 levels.

On the downside, the recent low of $0.4271 is a crucial support. XRP/USD must hold above $0.4250 to start a decent recovery in the near term. If not, it may decline towards the $0.4000 support.

The market data is provided by TradingView.

The post Ripple Price Analysis: XRP/USD Reaching Crucial Juncture appeared first on Ethereum World News.

origin »

Ripple (XRP) на Currencies.ru

$ 3.1241 (-0.03%)
Объем 24H $5.081b
Изменеия 24h: 0.91 %, 7d: -0.71 %
Cегодня L: $3.0558 - H: $3.1436
Капитализация $180.077b Rank 3
Цена в час новости $ 0.4358 (616.87%)

ripple price usd resistance xrp dollar 4660

Источник: ethereumworldnews.com

ripple price → Результатов: 126


Фото:

Ripple Price Prediction: Will XRP Climb to $25 While Whales Shift Their Attention to PlutoChain?

Ripple is still trending in the international money transfer space, with its ODL solution helping banks move funds faster and cheaper than ever before. As more financial institutions jump on board and new partnerships keep rolling in, some market participants are discussing whether XRP’s price could hit $25 – especially given the growing demand for [...]

2025-1-26 21:30


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



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Моника Лонг: RLUSD на Coinbase и Binance — это вопрос времени

Президент Ripple Моника Лонг в интервью Bloomberg рассказала, что RLUSD уже добавили на такие площадки, как CoinMENA, Uphold и Bitso, а теперь готовится к еще более масштабному запуску. Прямо сейчас объем торгов RLUSD вырос на 244% за сутки, достигнув $80,21 млн, а рыночная капитализация составляет $53,1 млн.

Криптовалютные донаты для Трампа достигли $7,5 млн

На днях стало известно, что Дональд Трамп собрал $7,5 млн в виде криптовалютных пожертвований. Донаты поступают в BTC, ETH и других криптовалютах. За этой поддержкой стоят серьезные фигуры: Тайлер и Кэмерон Уинклвоссы из Gemini, CEO BitGo Майк Бэлше и Стюарт Альдероти из Ripple.