Watch these levels as XRP fails at resistance that has been holding price

Watch these levels as XRP fails at resistance that has been holding price
фото показано с : coinjournal.net

2022-7-22 02:05

XRP corrects 5% after a week of gains

Ripple continues to enjoy positive developments on the case with SEC

XRP could continue to correct until it finds support at $0.33

Ripple’s XRP/USD is recovering, but sustainable gains depend on a key resistance. As of press time, XRP was down 5% in 24 hours as bulls failed to inspire a breakout of $38. The token fell alongside other cryptocurrencies. The decline can be said to be a correction after the market was bullish for a week. 

Revising the SEC case, Ripple remains right on track, although the outcome remains uncertain. On July 12, a US court rejected SEC’s call to withhold some documents against Ripple. The documents, which relate to 2018’s so-called Hinman speech, could have influenced proceedings. Either way, courts continuously siding with Ripple is positive. It suggests that things are progressing well for the firm. The markets are warming up for the outcome of the case that could shape XRP’s price.

As of the moment, XRP remains among the top cryptocurrencies despite the uncertainty. At position 7 by market cap, it is above Cardano and Solana. The latest gains have been due to market sentiment, but XRP has a hurdle to clear at $38.

XRP corrects after rejection at key resistance

 Source – TradingView

Technical analysis indicates that XRP has been rejected again at the key resistance of $0.38. The MACD indicator has crossed below the moving average, suggesting a bearish momentum. Following the latest gains, investors could be taking profits. We expect the current correction to continue. XRP could settle at a support zone of $0.33. It could also slide to another support at $0.30. Investors should watch the two levels for price action and sentiment.

Summary

XRP has a short-term bearish momentum after getting rejected at $0.38. The cryptocurrency could settle at $0.33 or $0.30.

The post Watch these levels as XRP fails at resistance that has been holding price appeared first on CoinJournal.

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Ripple (XRP) на Currencies.ru

$ 0.5165 (-0.03%)
Объем 24H $1.093b
Изменеия 24h: -0.22 %, 7d: -0.23 %
Cегодня L: $0.5141 - H: $0.5173
Капитализация $28.557b Rank 7
Цена в час новости $ 0.364 (41.9%)

xrp holding watch price resistance these levels

Источник: coinjournal.net

xrp holding → Результатов: 126


Over 3 Billion XRP Held on Coinbase Exchange to Miss Out On Flare Network’s Spark Airdrop

Flare Networks, a Ripple funded blockchain firm, will airdrop free Spark tokens (FLR) to anyone holding XRP in supporting wallets and exchanges on December 13. However, with over 3 billion XRP tokens held on California based crypto exchange, Coinbase is likely to miss out on the airdrop, Flare Networks, the firm conducting the Spark token […] The post Over 3 Billion XRP Held on Coinbase Exchange to Miss Out On Flare Network’s Spark Airdrop first appeared on BitcoinExchangeGuide.

2020-12-1 19:13


Фото:

Ripple’s XRP On The Verge Of Something Big As Number of Whales Reach Astronomical Levels

Despite XRP’s seemingly weak performance in the market, data from the crypto information platform Santiment reveals that the number of XRP whales is on the rise. The number has increased in the last six months with the number of whales holding 100,000 to 10,000,000 XRP seeing an astronomical rise. Those holding 100 thousand to 1 […]

2020-11-1 16:32


SBI Holding’s eSports Subsidiary to Pay Gamers in Ripple’s XRP In Sponsorship Deal with VC Trade

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2020-10-2 19:38


Дэвид Шварц: «Никто не покупает XRP, чтобы дать Ripple деньги»

Технический директор компании Ripple Дэвид Шварц отверг утверждения о том, что продажи токенов XRP являются источником дохода компании. 20 декабря Ларри Чермак из The Block написал: If Ripple ever somehow makes it work as a payments company, it will be the equity holders that benefit and the XRP holders holding a massive bag.

2020-5-4 11:06


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