XRP has been slowly clawing its way towards the mid-$0.20 region, which previously proved to be a strong support level for the cryptocurrency prior to its capitulatory drop to lows of $0.18 in late-2019.
The bullishness seen across the aggregated crypto market has certainly proven to be positive for major altcoins like XRP and has led the embattled crypto to push against a key trendline that could be the only thing stopping it from seeing a significant near-term rally.
If this level is broken above in the coming several hours and days, it could lead to a major upswing that sends the token surging towards fresh multi-month highs.
XRP Maintains Recent Gains as Analyst Watch Key Trendline
At the time of writing, XRP is trading up marginally at its current price of $0.235, which marks a notable climb from its weekly lows of $0.20 and an even more significant climb from its one-month lows of $0.18.
The bullishness seen amongst major altcoins like XRP has come about concurrently with the firm uptrend Bitcoin has found itself caught within for the past couple of weeks, and analysts are widely pointing to BTC’s ability to hold steady around $8,800 as a reason why it could soon see continued bullishness.
It is highly probable that how Bitcoin trends in the near-term will give guidance to altcoins, and a push above $9,000 could subsequently allow XRP to break above a key descending resistance level that it has been caught beneath for an extended period of time.
“XRP – 6 month RSI technical level broke yesterday, here is where the 6 month descending trend line rejected yesterday but very likely breaks up today,” Harry – a popular crypto analyst – explained in a recent tweet.
$XRP – 6 month RSI technical level broke yesterday, here is where the 6 month descending trend line rejected yesterday but very likely breaks up today x pic.twitter.com/odKItndlDz
— Harry (@HaraldoXRP) January 15, 2020
Analyst: A Break Above This Trendline Could Lead the Crypto Past $0.30
As for how high XRP could surge if its bulls are able to successfully push it above its key near-term resistance, Crypto Rand – another popular crypto analyst – explained in a tweet that he believes the crypto could soon move towards, or past, $0.30.
“$XRP starting the journey,” he said while pointing to the chart seen below.
$XRP starting the journey pic.twitter.com/o5rZgIpn6z
— Crypto Rand (@crypto_rand) January 14, 2020
While looking at the levels referenced on the above chart, it seems as though the crypto faces two key resistance levels at $0.25 and $0.30 respectively, with a break above both of these levels potentially kicking off a major macro uptrend.
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Key takeaways XRP is trading above $2. 4 after defending the $2. 35 support level. The cryptocurrency could rally towards the $2. 7 resistance level soon. XRP defends the $2. 35 support level The cryptocurrency market had a positive start to the week, with Bitcoin and other major cryptocurrencies recording excellent gains.
XRP surged 3% to $2.68 during Sunday’s session, breaking above the critical resistance level at $2.63 on a dramatic volume spike — one of the largest of the month.
XRP price retreated for the third consecutive day, approaching a local bear market as the crypto market sell-off intensified. Ripple (XRP) dropped and retested the important support level at $3, its lowest level in nearly a week. It has dropped…
The XRP price was trading above a crucial support level on Wednesday after Kraken added its stablecoin. Ripple (XRP) was trading at $2.10, down over 37% from its highest level this year. The decline has brought its market cap to…
XRP retreated on Monday, reaching a crucial support level and signaling the potential for further declines in the coming days. Ripple (XRP) dropped to $2.40, down nearly 30% from its highest level this year, officially placing it in a bear…
The XRP community was showing strong confidence in the altcoin’s future, focusing on HODLing over quick gains.
Can XRP maintain this momentum in the long run?
As panic gripped the marketThe post Mapping XRP's road to $5 and the odds of hitting that level in Q1 appeared first on AMBCrypto.
The XRP price continued to rise, reaching its highest level in over a month as cryptocurrencies bounced back. Ripple (XRP) climbed to $2.60, extending a recovery that began on Dec. 30 when it bottomed at the psychologically important level of…
XRP is testing a crucial support level to determine the altcoin’s price action in the coming weeks. The market is experiencing uncertainty and anxiety after the past week’s euphoria surrounding the Federal Reserve’s decision to cut interest rates.
At press time, XRP’s 200 EMA acted as a crucial support level.
$32.41 million in short positions will be liquidated if XRP reaches the $0.587 level.
Amid ongoing selling pressure, top asseThe post Will XRP fall another 10%? Keep an eye out for THIS major level appeared first on AMBCrypto.
XRP price lost a crucial support on Thursday as a sea of red engulfed the crypto market. The XRP token dropped to $0.4400, its lowest level since April and 41% below its highest level this month. Ripple, one of the…
Ripple’s cross-border payments coin XRP has held above the psychological $0.40 level. Furthermore, confidence over an SEC victory is mounting.
The post Confidence For Ripple Mounts as XRP Holds Key Support Level appeared first on BeInCrypto.
XRP held on to the $0.76 support level, although it did see a candle wick on the daily as far south as $0.705. This dip was bought. But, the question was- How many more dips can buyers absorb? The treThe post XRP has to find strong demand at this key level to keep bears at bay appeared first on AMBCrypto.
The fourth-largest cryptocurrency by market cap has taken a beating while bitcoin holds its position above the $9,000 level. Down 2. 92%, XRP is currently trading at $0. 214, still recording gains of almost 11% YTD.
XRP has been one of the best performing cryptocurrencies in recent times despite its lackluster price action throughout the first half of the year, and its recent series of surges have brought its price to just below its historical resistance level around $0.
Coinspeaker XRP Price Analysis: XRP/USD is Consolidating at $0. 39 Level, Awaiting a BreakoutWhen the demand level of $0. 39 holds XRP price, it will bounce and move towards the previous high.
Coinspeaker XRP Price Analysis: XRP/USD Ranging Within $0. 42-$0. 46 Level, Expecting a BreakoutThere is a tendency for XRP price to increase towards $0. 49 supply level provided the Bulls gain enough momentum to break up the $0.
Coinspeaker XRP Price Analysis: XRP/USD Reached $0. 42, Potential Reversal LevelShould the Bulls defend the demand level of $0. 42, they may resume and continue the bullish trend. In case the level does not hold and the Bears’ strength is able to break down the level, then, XRP price may reach $0.
Coinspeaker XRP Price Analysis: XRP/USD Consolidating at $0. 39 Level, Awaiting a BreakoutShould $0. 39 level hold, the Bulls will push up the coin and may break up $0. 42 supply level.
Since mid-May, XRP has really started to feel the greens as it first surged to $0.34 and then continued to move upwards until it climbed to $0.48. Though it went down to $0.36 level, the cryptocurrency has started to surge yet again as it reaches $0.44 level. At the time of writing, XRP/USD has been […]
XRP, the number three cryptocurrency by market capitalization has not had it easy in 2019 despite the current market recovery. It is quite a challenge for the cryptocurrency and its holders as the future growth of the asset remain uncertain.
Supply zones: $0. 33, $0. 34, $0. 36 Demand zones: $0. 31, $0. 30, $0. 28 XRP/USD Long-term Trend: Bullish XRP/USD is bullish on the long-term outlook. On April 18, there was a formation of the bearish reversal candle pattern called evening star candle pattern at $0.
Coinspeaker XRP Price Analysis: XRP/USD Is Consolidating at $0. 31 Level, Expecting a Bullish BreakoutThere would be a bullish breakout of the flag in case the Bulls gain enough momentum and the XRP price may increase to $0.
XRP achieves a high of $0. 35499 BTC Targets $4000 level BNB gets over $10 level XRP/USD The rally by XRP in the last few days seemed to have gained momentum as the currency yet again achieved new highs, before tracing its way back to its current level of 0.
CoinSpeaker
XRP Price Analysis: XRP/USD Trends of February 20–26, 2019
Increase in the bulls’ momentum will make the XRP price reach $0. 38 supply level in case $0. 34 price level is breached.
The crypto’s price is likely to rise if the price is sustained above the EMAs and the bulls break the $0. 34 resistance level. The crypto’s price reached a high of $0. 34 but it is currently trading at $0.
Ripple price gained traction and broke the $0. 3400 resistance area before sellers appeared against the US dollar. The price topped near the $0. 3460 level and later started a sharp downside correction.
Ripple prices up 11. 1 percent but technically bearish Crypto–Fiat bridges important for XRP and crypto Transaction levels up, volumes lower than Jan 10 Despite upbeat prices, Ripple (XRP) is technically bearish and yet to breach the 35 cents mark.
Bitcoin BTC/USD From yesterday's open at $3708 the price of Bitcoin has increased by 7. 68% as its currently being traded at around $4010 where the price has encountered resistance around the $3994.
The XRP price is in an upward price movement and it is trading at $0. 33. The crypto is likely to reach the $0. 40 price level,if price is sustained above the EMAs. XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0.
XRP and ADA Price Analysis XRP gains over 7% from its low in the last 24 hours XRP breaks resistance level of 0. 030362 to achieve new highs ADA gains 13% within the last 24 hours ADA gains new high of 0.
The crypto market continues to grow despite the pessimism of many. Although the global market cap has dropped considerably after reaching a record high in 2017, the level of adoption and development around cryptos and.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 28, $0. 26, $0. 24 Yesterday, February 14, the XRP price is in a sideways trend zone. The crypto’s price has continued to range at the $0.
A bullish surge last week resulted in Ethereum overtaking XRP to become the largest altcoin by market cap. The price has since been consolidating at the 50% retracement level between the December low and the January high.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 28, $0. 26, $0. 24 Yesterday, February 13, the XRP price was in a sideways trend zone. The cryptocurrency has established itself at the support of a $0.
Ripple price declined recently and tested the key 0. 0000825BTC support against bitcoin. XRP to BTC must stay above the mentioned support to start a fresh upward move. Key Talking Points Ripple price revisited the all-important 0.
CoinSpeaker
XRP Price Analysis: XRP/USD Trends of February 13–19, 2019
The bullish breakup of the $0. 31 supply level with the candle close above it will make the XRP price find its target at $0.
The past few days have been rather interesting for most of the top markets in cryptocurrency, tokens, and digital assets. That in itself is quite telling, as most of these markets have nothing to do with one another.
Cryptocurrencies remained downbeat on Friday, December 5, with sentiment deteriorating across leading assets. Meanwhile, the latest ETF flow stats confirm this weakness, with Bitcoin and Ethereum exchange-traded products struggling as new products attracted fresh funds.
Ripple (XRP) seems to have lost steam after recording gains over the past two days. The second-largest altcoin by market cap is trading at around $2. 17, with the bulls pushing to regain control of the trend.
Bitcoin traded just above $93,416 on Thursday as expectations mounted that the US Federal Reserve would cut interest rates next week. During the morning session, the cryptocurrency dipped to $92,612 before climbing to an intraday high of $94,002, reflecting renewed momentum after several weeks of turbulence.
Crypto markets staged a major turnaround on Tuesday as traders reacted to rising expectations of US interest-rate cuts and a surge in spot Bitcoin ETF activity following Vanguard’s decision to end its ban on Bitcoin ETF purchases.
The cryptocurrency market kicked off December with a downbeat mood as negative sentiments prevailed. At the same time, yesterday’s inflows data confirmed a divided landscape among leading spot exchange-traded funds (ETFs), which have become the primary indicator of institutional appetite in digital currencies.
The cryptocurrency market experienced a dip on Monday but instantly bounced back. Bitcoin briefly dropped to the $84k level but is now trading above $86k per coin. XRP, Ripple’s native coin, also dipped on Monday, but the $1.
Coinbase stock (NASDAQ: COIN) plummeted 5% in pre-market trading on Monday, as the crypto sector entered December under assault. Bitcoin shed more than 5% to trade below $86,600, while Ethereum collapsed 5.
