XRP has been rallying throughout the last week, pushing through downtrend resistance and is potentially ready to reclaim former highs.
The first step in an attempt at breaking above recent bear market rally highs is recapturing the 200-day moving average – a feat that XRP just achieved after the latest pump above.
XRP Recaptures 200-Day Moving Average Following Downtrend Breakout
Since the start of January, altcoins across the crypto market have been breaking through downtrend resistance and going on powerful rallies – some growing as much as 400% in a week’s time.
But one of last year’s poorest performers, XRP, has continued to lag behind the rest of the altcoin market and Bitcoin.
Related Reading | XRP Breaks Out of Two-Year Downtrend Against Bitcoin and the Dollar
It’s only this past week where XRP broke out from downtrend resistance on both the USD and BTC trading pairs, causing the cryptocurrency to release built-up buying pressure and spring higher.
Upside targets could reach as high as $14 if the rally rises similarly to the last break of downtrend resistance.
But before that can happen, XRP needs to break through many levels of overhead resistance from each bear market rally top, and even before that occurs, XRP must hold above the 200-day moving average.
XRP just recaptured the critical trading indicator on its trading pair against Bitcoin, and doing so could be signaling a long-term trend change is brewing.
$XRP #Ripple daily – MA 200 recapture, first time since March of 2019#TheStandard pic.twitter.com/purFmZDCm4
— Big Cheds (@BigCheds) February 5, 2020
Why The 200-Day Moving Average Matters to Crypto Investors
The number three cryptocurrency by market cap just broke above the 200-day moving average for the first time since March 2019, when the cryptocurrency fell back into an extended downtrend against Bitcoin. The altcoin trading above this level suggests that it could outperform Bitcoin for the foreseeable future.
The 200-day moving average is a long-term trading indicator based on a formula using the average price across the last two-hundred days of price action. It’s often used by “smart money” institutional investors as a signal to the overall long-term health of an asset.
The idea is that if an asset is trading below the 200-day moving average, the asset is in a downtrend. But if the asset is trading above the indicator, it’s in an uptrend.
With XRP breaking out from downtrend resistance after two full years of a bear market, any signs that an uptrend could be forming could spark an extreme wave of FOMO.
Related Reading | Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP
Considering the fact that XRP rose as much as 6,000% in the past in a matter of weeks, crypto investors will be watching closely for any sudden spikes, to ensure they don’t miss out on what could be life-changing wealth.
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XRP price continues to hold above the $2 support zone, suggesting accumulation before a potential breakout as traders await a decisive move for the Ripple token.
XRP price holds above the $2.30 support, showing signs of accumulation. A sustained close above this level could fuel a rally toward $3.75 and potentially new highs. XRP’s (XRP) price structure remains constructive as the asset consolidates above a key…
The XRP price is trading near $3. 015, climbing back above the critical $2. 90 support zone as bulls regain control. Whale accumulation is building, with wallets holding between 1M–10M XRP now accounting for more than 10% of supply.
The XRP price is currently holding above $3 amid whale accumulation and network growth. Ripple CTO defends not resetting ledger after early data loss. A break above $3. 30 could trigger a rally toward $4 and beyond.
XRP has been on a tear lately, and after a powerful rally this month, it’s now holding steady just above the $3 mark. That level isn’t just a round number – it’s a major line in the sand for both traders and long-term holders.
XRP is currently trading at $2.20, up 1.37% in the last 24 hours, following a volatile week that saw the token briefly surge to $2.30 before reversing course. The move marked a rare breakout above three major exponential moving averages (EMAs), with a sharp increase in volume suggesting strong buying interest. Although the rally was […]
XRP has climbed above $0. 58 for the first time since the market-wide retrace on April 12th. This significant rebound is largely supported by increased coin hodling from whales and sharks holding over 100,000 XRP coins.
XRP price declined heavily from the $0. 5250 resistance zone. It tested the $0. 4540 support zone and is now attempting to recover above $0. 4880. XRP is correcting losses above the $0. 4820 and $0.
XRP price is recovering higher above the $0. 500 resistance. The price is signaling a positive bias and might rally above the $0. 580 and $0. 600 levels. XRP is attempting a recovery wave above the $0.
XRP price is struggling to recover above the $0. 5140 resistance. The price must stay above the $0. 4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.
XRP broke above the $0.54 level and hinted at bullishness.
The momentum and buying volume were yet to show buyer strength.
Ripple [XRP] has trended downward in 2024, which was an anomaly amoThe post XRP's rally depends on a move above this price level appeared first on AMBCrypto.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
XRP was in a retracement after the mid-JulThe post XRP prices back above $0.
With Bitcoin moving above its 4-hour 20 and 50 SMA, XRP managed to poke above all its EMA ribbons. But it still had to fight its long-term bearish tendencies to sustain this level.
On the other haThe post XRP, Binance Coin, Cosmos Price Analysis: 02 February appeared first on AMBCrypto.
September has not been kind to XRP. Pressurized by multiple mini-crashes during the month, XRP's 30-day ROI slipped to over 12%. With little interest from retail traders, XRP was unable to keep up pacThe post This can pave way for XRP's comeback above $1, perhaps to $1.29 appeared first on AMBCrypto.
XRP has found itself caught within a consolidation phase throughout the past few days as it trades just above $0. 30. The cryptocurrency has been unable to surmount the heavy resistance it faces between $0.
Ripple’s XRP has in the last 24 hours cleared a key resistance. After surging by more than 10%, the altcoin has climbed above $0. 17. This comes after days of trading within the $0. 15 to $0.
XRP seems like it hasn't caught a break with its price. Once, constantly above $0.30, it is now stuck around the $0.20, sometimes dipping below it and sometimes surfacing above it. Recently, the priceThe post XRP's sell-off continues; contradicting scenarios on the horizon appeared first on AMBCrypto.
Ripple’s XRP continues to struggle to stay above $0. 40, a key support position for the altcoin. Recent movements from Bitcoin and Ethereum, the only two larger cryptocurrencies by market cap, would suggest that the asset is having a prosperous year.
When the market was still struggling a couple of months ago, Ripple’s XRP was one of the few coins that were able to maintain above crucial support positions. For this, XRP was applauded. As we reported a few weeks ago Binance research even released a report stating that it was the best crypto to diversify […]
The post Ripple’s XRP Slips Below $0.
Long-Term Outlook A look at the Weekly chart for XRP shows that the price is trading at $0. 31 facing very close resistance from the 10, 21 and 50-period moving averages. It is trading slightly above the $0.
On the upside, if the bulls break above the EMAs, the crypto’s price will test or break the highs of $0. 32 and $0. 33. If the bulls fail to break above the EMAs, the crypto’s price will fall to the $0.
Ripple prices stable but bullish Federal Bank has a partnership with Ripple Inc Increasing prices will lift participation levels above 20 million Fidelity Investment will forge on and develop supporting infrastructure as they aim at hedge funds, pension funds and professional investors despite falling—but recovering digital asset prices.
Coinspeaker XRP Price Analysis: XRP/USD Remains Near $0. 31 Price Level, Targets $0. 32XRP price will rally towards $0. 32 resistance level in case the bullish momentum breakup the resistance level of $0.
On the downside, if price retraced and fell below the EMAs, the crypto’s price will resume its downward trend. On the upside, if the price is sustained above the EMAs, the crypto’s price is likely to break the $0.
Ripple price gained traction and settled above the $0. 3030 pivot level against the US dollar. The price traded close to the $0. 3100 resistance level and it is currently consolidating. There is a short term ascending channel formed with support at $0.
Coinspeaker XRP Price Analysis: XRP/USD Rises to Break Up the $0. 31 Price LevelShould the Bulls increase their momentum to break up $0. 31 supply level and the bullish candle closes above it; then XRP will rally towards $0.
The latest Weiss Crypto Rankings saw EOS take the top spot behind XRP, resulting in a massive surge in the former’s price. The Weiss report titled, “Dark Shadows with a Bright Future,” was published on 26 March and ranked the coins in terms of the dichotomy of technology and adoption.
Ripple price tested the next key support near $0. 2920 and later bounced back against the US dollar. Bulls took control and pushed the price above the $0. 2980 and $0. 3000 resistance levels. This week’s followed key bearish trend line was breached with resistance at $0.
For the last couple of days, Bitcoin has hardly had any intriguing movement. Since the leader surged above $4,000 and found resistance around $4,090, the coin has remained in this range for more than a week.
Long-Term Outlook A look at the Weekly chart for XRP shows that the price is trading at $0. 31 facing very close resistance from the 20 and 40-period Moving Averages. It is trading slightly above the $0.
The $0. 32 price level is a strong resistance level for the XRP price. On the upside, a price breakout at the $0. 32 price level will be a powerful breakout which will see price rally above the $0. 34 price level.
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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have begun the new month bearish, with over 5% losses recorded over the past few hours. Bitcoin, Ethereum, and Ripple face renewed selling, with support levels around $80k for BTC, $2,100 for ETH, and $1.
