Bitcoin Touched $12K While Ripple Price (XRP) Is Still Consolidating

2019-7-4 07:08

Ripple price remained in broad range and recently tested the $0.4070 level against the US dollar. The price is currently trading above the $0.4000 support, but it is facing many hurdles on the upside. There is a connecting bullish trend line forming with support at $0.4008 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either break $0.4075 and climb higher or decline again below $0.4000.

Ripple price is still consolidating in a broad range against the US Dollar, while bitcoin climbed towards $12,000. XRP price must break $0.4075 and $0.4140 to continue higher.

Ripple Price Analysis

In the past few sessions, there was strong rise in bitcoin price above $11,500, but ripple price remained in a range against the US Dollar. The XRP/USD pair started a slow and steady rise from the $0.3814 swing low. It broke the $0.3920 and $0.4000 resistance levels. There was also a break above the $0.4050 level and the 100 hourly simple moving average. However, the price struggled to clear the $0.4070 resistance.

It corrected lower below $0.4050 plus the 23.6% Fib retracement level of the upward move from the $0.3814 low to $0.4068 high. However, the $0.3960 level acted as a support and the price climbed back above the 100 hourly SMA. Moreover, it stayed above the 50% Fib retracement level of the upward move from the $0.3814 low to $0.4068 high.

There is also a connecting bullish trend line forming with support at $0.4008 on the hourly chart of the XRP/USD pair. If there is a downside break below the trend line and the 100 hourly SMA, ripple price could accelerate losses below $0.3950. The next major support is near the $0.3850 level, below which there is a risk of more losses towards the $0.3750 level.

On the upside, an immediate resistance is near the $0.4070 level. If there is an upside break above $0.4070, the price could rise towards the next major resistance near $0.4140. Any further gains is likely to push the price towards the $0.4200 and $0.4220 resistance levels.

Looking at the chart, ripple price is clearly trading in a broad range and seems to be preparing for the next break either above $0.4070 or below $0.4000. If it fails to continue higher, there are chances of sharp declines below $0.3950 and $0.3900. Conversely, a close above $0.4100 might improve the market sentiment.

Technical Indicators

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

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

Major Support Levels – $0.4000, $0.3920 and $0.3850.

Major Resistance Levels – $0.4070, $0.4140 and $0.4200.

The post Bitcoin Touched $12K While Ripple Price (XRP) Is Still Consolidating appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5112 (+0.16%)
Объем 24H $1.082b
Изменеия 24h: 0.74 %, 7d: -2.69 %
Cегодня L: $0.4975 - H: $0.5117
Капитализация $28.299b Rank 7
Цена в час новости $ 0.3974 (28.64%)

price xrp ripple touched bitcoin support still

Источник: newsbtc.com

price xrp → Результатов: 126


Ripple’s XRP Cryptocurrency Price Expected to Weaken Further After Corrective Move, But There’s a Catch

In an analysis posted on TradingView, trader Orson_Fawley shared insights into the potential future price movements of XRP, the cryptocurrency associated with the Ripple payment protocol. According to Fawley, XRP’s current downward trajectory is expected to continue, with the price potentially revisiting the low of $0.

2024-5-4 15:15


Leading Analyst Identifies Mega Ascending Triangle in Ripple (XRP) Price Chart; Forecasts Breakout Will Push Price to $1.4

Famous expert in technical analysis, @egragcrypto, has given some easy-to-understand insights about the cryptocurrency XRP, highlighting that its price might make a big move soon. In his latest look at XRP, he talks about the chances of big changes in price and points out a coming “liquidity storm,” which he calls “The Perfect Storm.

2023-9-30 14:36


XRP Journey To $10: Unveiling The Forces That Could Trigger An Upward Momentum

XRP is currently undergoing a notable price correction, with a 24-hour decline of 2. 2% and a seven-day slump of 12. 1%, bringing its price to $0. 61 according to CoinGecko.   However, amidst this downturn, prominent crypto YouTuber and XRP analyst, Alex Cobb, has set an ambitious price target of $10 for the digital asset, employing the Elliott Wave Theory to analyze its monthly price chart.

2023-8-7 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.

Bitcoin ETFs in the US see $15.7 million in outflows

Quick Take US Bitcoin ETFs saw an outflow of $15. 7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.