Ripple surged higher and climbed above the $0.3200 resistance area against the US Dollar. However, XRP price is now facing a strong resistance near the $0.3400-$0.3500 area.
Ripple price surged to a new 2020 high at $0.3399 before correcting lower against the US dollar.
The price is now consolidating gains above the $0.3150 support area.
There is a major contracting triangle forming with resistance near $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price could either surge above $0.3400 or it might start a significant correction below $0.3000.
Ripple Price Facing Key Hurdles
In the past two days, ripple saw a sharp increase in buying interest above the $0.2900 resistance. As a result, XRP rallied above the $0.3000 and $0.3200 resistance levels.
Moreover, there was a close above the $0.3200 level and the 100 hourly simple moving average. Finally, the price tested a major resistance area near $0.3400-$0.3500 (as discussed in yesterday’s post using the daily chart).
Ripple faced a strong selling interest near $0.3400 and a new 2020 high was formed near $0.3399. Recently, there was a downside correction below the $0.3300 area. The price even broke the 23.6% Fib retracement level of the upward move from the $0.2998 low to $0.3399 high.
There were a couple of spikes below $0.3200, but the price remained well bid above $0.3200. More importantly, there is a major contracting triangle forming with resistance near $0.3310 on the hourly chart of the XRP/USD pair.
Ripple Price
Therefore, ripple seems to be facing a lot of hurdles on the upside, starting with $0.3310 and up to $0.3500. A successful daily close above the $0.3500 level could initiate a long term uptrend towards $0.4000 or even $0.5000.
Key Uptrend Supports
The first key support is near the triangle lower trend line at $0.3200. It also coincides with the 50% Fib retracement level of the upward move from the $0.2998 low to $0.3399 high.
If the price fails to stay above the $0.3200 support, it could start a downside extension. In the mentioned case, the first target for the bears could be $0.3080.
However, the main support is near the $0.3000 level, below which there is a risk of a drop towards the $0.2920 support or the 100 hourly SMA.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still above the 50 level, with positive signs.
Major Support Levels – $0.3200, $0.3080 and $0.3000.
Major Resistance Levels – $0.3310, $0.3400 and $0.3500. origin »
Ripple is declining from the $0. 2900 resistance area against the US Dollar. XRP price broke $0. 2700 and it could continue to correct lower towards the $0. 2600 support. Ripple price started a downside correction after it failed to test $0.
Ripple is facing a significant resistance near the $0. 2900 area against the US Dollar. XRP price could decline a few points towards $0. 2700 before it could rise again. Ripple price is struggling to climb towards the main $0.
Ripple stared a strong rise from the $0. 2460 support area against the US Dollar. XRP price rallied around 8% and it seems like it could soon climb towards $0. 3000. Ripple price is up around 8% and it broke the $0.
Ripple found support near the $0. 2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0. 2500 resistance to open the doors for more upsides. Ripple price is showing positive signs above $0.
Ripple started a fresh decline after it failed to surpass the $0. 2400 resistance against the US Dollar. XRP price might revisit the $0. 2250 support area before a new bullish wave. Ripple price is declining and it seems like the bears protected the $0.
Ripple price is rising steadily and trading above the $0. 2260 resistance area. XRP to USD is likely to aim a strong upside break above the $0. 2400 and $0. 2415 resistance levels in the near term.
Ripple failed to surpass the $0. 2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it seems vulnerable to a drop below $0. 2300 and $0.
Ripple tested the key $0. 2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0. 2550 if it breaks $0. 2420. Ripple price is recovering nicely from the $0.
Ripple extended its rise above the $0. 2450 resistance against the US Dollar, similar to bitcoin above $8,800. XRP price topped near the $0. 2540 area and recently corrected lower. Ripple price is down more than 6% and broke the $0.
Coinspeaker Ripple Is One of the Best Workplaces in 2020 According to FortuneDespite some legal processes that the company is involved in, Ripple has a reason to celebrate as Fortune has included it in the list of the Best Workplaces in the Bay Area.
Coinspeaker Ripple Is One of the Best Workplaces According to FortuneDespite some legal processes that the company is involved in, Ripple has a reason to celebrate as Fortune has included it in the list of the Best Workplaces in the Bay Area.
Ripple was rejected near the $0. 2250 resistance area against the US Dollar, similar to bitcoin near $8,450. As a result, there was a downside correction in XRP below $0. 2150 and $0. 2100. Ripple price is down more than 10% and it is now trading below $0.
Ripple is down more than 2% and it broke the $0. 1880 support against the US dollar. XRP price is now trading near the $0. 1840 support area and it could correct higher. There is a key bearish trend line forming with resistance near $0.
Ripple price is consolidating above the $0. 1850 and $0. 1880 support levels against the US dollar. XRP could start a larger rally if it clears the main $0. 2000 resistance area. There is a major breakout pattern forming with resistance near $0.
Ripple price is still trading in the red zone below the $0. 2000 resistance against the US dollar. The price is declining and it could soon break the $0. 1840 support area to continue lower. This week’s key bearish trend line is still active with resistance near $0.
Ripple price is currently correcting higher from the $0. 1741 low against the US dollar. It seems like the bulls are struggling to clear the $0. 2000 resistance area. Yesterday’s highlighted major bearish trend line is active with resistance near $0.
Ripple’s native asset XRP fell into an extreme negative area this Wednesday as investors pulled billions of dollars out of the entire cryptocurrency market. The XRP-to-dollar exchange rate established an intraday low of $0.
Ripple price is down close to 6% and it broke the $0. 2050 support area against the US dollar. The price is likely to continue lower below $0. 2000 and $0. 1980 in the near term. Earlier, there was a break below a couple of bearish continuation patterns with support near $0.
Ripple price is struggling to recover above the $0. 2200 resistance area against the US dollar. The price remains at a risk of more downsides below the $0. 2180 support area. There is a declining channel forming with resistance near $0.
Ripple price is declining and it recently broke the key $0. 2200 support area against the US dollar. The price is likely to face hurdles near $0. 2200 and $0. 2240 in the near term. Yesterday’s key bearish trend line is intact with resistance near $0.
Ripple price is currently declining from the key $0. 2320 resistance area against the US dollar. The price is now trading below $0. 2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.
Ripple price is trading nicely above the $0. 2180 pivot area against the US dollar. The price is likely to slowly rise towards the $0. 2265 and $0. 2300 resistance levels. There is a major bullish trend line forming with support near $0.
Ripple price is currently declining and trading below the $0. 2240 resistance area. XRP to USD is likely to continue lower towards the key $0. 2130 support area in the near term. Key Takeaways: XRP/USD Ripple price is trading in a bearish zone below the $0.
Ripple price is struggling to stay above the $0. 2180 support area against the US dollar. The price is likely to face resistance near the $0. 2230 and $0. 2240 levels. Yesterday’s key bearish trend line is intact with resistance near $0.
Ripple price is trading nicely above the $0. 2200 and $0. 2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0. 2300 resistance area. There is a new connecting bullish trend line forming with support near $0.
Ripple price is down 5% and it broke the key $0. 2420 support area against the US dollar. The price tagged the $0. 2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.
Ripple price is currently correcting higher from the $0. 2460 support. XRP to USD is facing an uphill task near the $0. 2560 and $0. 2580 resistance levels. Key Takeaways: XRP/USD Ripple price is currently struggling to clear the $0.
Ripple price is currently correcting higher and is trading above $0. 2520 against the US dollar. The price seems to be approaching a major resistance area near the $0. 2600 level. This week’s crucial bearish trend line is intact with resistance near $0.
Ripple price is under pressure and struggling to surpass the $0. 2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0. 2580 support area. There is a major bearish trend line forming with resistance near $0.
Ripple price is following a downtrend below the $0. 2700 support area against the US dollar. The price is currently trading near the $0. 2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.
Ripple price is trading in a bearish zone below the $0. 2840 resistance against the US dollar. The price is struggling to hold the key support area near the $0. 2700 level. Yesterday’s major bearish trend line is active with resistance near $0.
Ripple price surged recently above the $0. 3040 and $0. 3120 resistances against the US dollar. The price is currently trimming gains and trading near the $0. 3000 support area. Yesterday’s major bullish trend line is active with support near $0.
Ripple price is gaining momentum and it recently climbed above $0. 3000 against the US dollar. The price traded towards the $0. 3050 resistance area and it is currently correcting lower. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
Ripple price is holding an important support area near the $0. 2880 level against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2940 and $0. 2950 levels. There is a major bearish trend line forming with resistance near $0.
Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair...
Ripple price declined heavily after it broke the key $0. 2850 support area against the US dollar. The price tested the main $0. 2500 support area and it is currently rebounding above $0. 2650. There is a major bearish trend line forming with resistance near $0.
Ripple price declined recently after it failed to climb above the $0. 3030 resistance against the US dollar. The price is currently trading below $0. 2950, but it is holding the key $0. 2850 support area.
Ripple price is gaining momentum above the $0. 2920 and $0. 2950 resistances against the US dollar. The price is up around 3% and it revisited the $0. 3040 resistance area. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
Ripple price is slowly moving higher towards the $0. 2950 resistance area against the US dollar. The price is facing an uphill task near the $0. 2950 and $0. 2980 resistance levels. There is a major bearish trend line forming with resistance near $0.
Ripple price started a downside correction after setting a new monthly high at $0. 2993 against the US dollar. The price declined below the $0. 2920 support area and tested the $0. 2840 support area.
Ripple price is showing positive signs and it recently gained pace above $0. 2800 against the US dollar. The price is up around 4% and it is currently testing the key $0. 2850 resistance area. There is a major bullish trend line forming with support near $0.
Ripple price is correcting lower and is trading below the $0. 2750 pivot level against the US dollar. The price is holding the $0. 2700 support area, but it is facing a strong resistance. There is a key bullish trend line forming with support near $0.
Ripple price is gaining bullish momentum above the $0. 2600 resistance area against the US dollar. The price is up around 5% and it recently broke the $0. 2650 resistance area. There is a connecting bullish trend line forming with support near $0.
Ripple price corrected lower recently and tested the $0. 2450 support area against the US dollar. The price is currently climbing higher and is trading nicely above the $0. 2500 level. There is a key bullish trend line forming with support near $0.
Ripple, which been striving to develop the new Internet of Value, announced on 2 October a major step towards achieving this dream. Ripple announced the evolution of Xpring – “now the open development platform for money,” to make Xpring a global network for developers.
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On September 30th, the XRP cryptocurrency showed a steep growth of price, replying to the corporate news. By Tuesday, October 1st, the growth has slowed down, the currency trading at $0.
Ripple price climbed higher recently above the $0. 2450 and $0. 2500 resistances against the US dollar. The price is currently trading near the $0. 2620 resistance area and is consolidating gains.
Ripple price extended its decline and tested the key $0. 2650 support area against the US dollar. The price could accelerate its decline if it fails to hold the key $0. 2650 support. There is a major declining channel forming with resistance near $0.
The cryptocurrency market showed signs of recovery on February 20, bouncing back from recent losses. Bitcoin (BTC) managed to sustain levels above $97,000, while major altcoins, including Ethereum (ETH), Ripple’s XRP, and Solana (SOL), posted gains between 1% and 6%.
The US Securities and Exchange Commission (SEC) is soliciting public input on a proposal for an exchange-traded fund (ETF) tied to XRP. In a filing posted on Wednesday, the SEC acknowledged a proposal from Cboe BZX Exchange, Inc.
The U.S. SEC formally recognized Litecoin and XRP ETF filings submitted by CoinShares, adding to a growing list of pending applications based on Ripple’s native token.
Биржа Cboe BZX Exchange подала заявку 6 февраля, предложив запустить Bitwise XRP ETF в категории Commodity-Based Trust Share. Что это значит для инвесторов? Теперь у SEC есть три месяца, чтобы принять решение.
The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF).
The United States Securities and Exchange Commission (SEC) has formally acknowledged three applications for XRP exchange-traded funds (ETFs) within a five-day span. This development has fuelled speculation about the regulator’s stance on XRP and its potential classification as a commodity.