Charted: Ripple (XRP) Dives Below $0.30, Why 100 SMA Is The Key

2021-1-11 10:28

Ripple started a strong decline after it failed near $0.3700 against the US Dollar. XRP price is currently testing a major support near $0.2600 and the 100 SMA (H4).

Ripple is down over 20% and it broke a couple of major supports at $0.3000 against the US dollar. The price tested the $0.2600 support zone and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair must stay above $0.2600 and $0.2500 to start a fresh increase in the near term. Ripple’s XRP Price is Down 20%

In the past few days, ripple’s XRP price made two attempts to gain strength above $0.3650 and $0.3700. The bulls failed to remain in control, resulting in a sharp decline below the $0.3200 support.

Today, bitcoin and ethereum saw a sharp decline as well, accelerating decline in XRP below the $0.3000 support level. The price declined over 20% and it broke the 23.6% Fib retracement level of the upward wave from the $0.1759 swing low to $0.3700 swing high.

There is also a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair. The price is now testing the $0.2600 support zone and the 100 simple moving average (4-hours).

The 50% Fib retracement level of the upward wave from the $0.1759 swing low to $0.3700 swing high is also acting as a strong support.

If the price fails to stay above the $0.2600 and $0.2500 support levels, there is a risk of a sharp decline. In the stated case, the price could continue to move down towards the $0.2200 and $0.2120 support levels.

Fresh Recovery in XRP?

If ripple remains stable above the $0.2500 level, there are chances of a fresh increase. An initial resistance on the upside is near the $0.2920 level.

The first key resistance for the bulls is near the $0.3000 level. The main resistance is now near $0.3300 and the bearish trend line. A close above the $0.3300 resistance zone could push the price towards the $0.3700 and $0.3800 levels in the near term.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.

Major Support Levels – $0.2600, $0.2500 and $0.2220.

Major Resistance Levels – $0.2920, $0.3120 and $0.3300.

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Ripple (XRP) на Currencies.ru

$ 0.5351 (-0.19%)
Объем 24H $586.128m
Изменеия 24h: -0.42 %, 7d: 3.51 %
Cегодня L: $0.5345 - H: $0.5419
Капитализация $29.66b Rank 7
Цена в час новости $ 0.2897 (84.71%)

ripple 100 sma near major xrp 2600

Источник: newsbtc.com

ripple 100 → Результатов: 126


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2018-9-6 13:23


Ripple объединит xCurrent и xRapid в одну систему xVia?

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2018-8-18 14:07


Фото:

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Компания Ripple планирует выйти на китайский рынок с системой международных платежей на блокчейне. Об этом пишет СNBC. Технология для проведения быстрых и международных платежей базе блокчейна от Ripple пользуется большой популярностью на международном рынке.

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