Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles

2019-1-22 08:00

Ripple price traded towards the $0.3100 level recently and later started a correction against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently following an ascending channel with support at $0.3160 on the same chart.

Ripple price is slowly recovering against the US Dollar and Bitcoin. However, XRP/USD is likely to face a lot of hurdles on the upside near the $0.3220 and $0.3250 levels.

Ripple Price Analysis

Yesterday, there was a sharp decline in ripple price below $0.3300 similar to Ethereum and bitcoin against the US Dollar. The XRP/USD pair even broke the $0.3200 support and settled below the 100 hourly simple moving average. It traded close to the $0.3100 level and formed a low at $0.3102. Later, the price started a short term upside correction and traded above $0.3150 and $0.3160. Buyers pushed the price above the 23.6% Fib retracement level of the recent slide from the $0.3350 high to $0.3100 low.

Moreover, there was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP/USD pair. The pair traded towards the $0.3220 level, which acted as a solid resistance. However, there was no test of the 50% Fib retracement level of the recent slide from the $0.3350 high to $0.3100 low. Therefore, there are chances of more upsides towards the $0.3225 and $0.3250 levels. The price action is still bearish and it seems like it won’t be easy for buyers to clear the $0.3220 and $0.3250 resistances.

Looking at the chart, ripple price is currently following an ascending channel with support at $0.3160. There could be a short term spike towards the channel resistance, $0.3220, and the 100 hourly SMA. A failure to gain momentum above these barriers could result in a fresh decline to $0.3100.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is about to move back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 50 level, with a flat bias.

Major Support Level – $0.3160

Major Resistance Level – $0.3220

The post Ripple Price Analysis: XRP’s Recovery Could Face Major Hurdles appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5134 (-0.13%)
Объем 24H $780.663m
Изменеия 24h: -1.16 %, 7d: 1.59 %
Cегодня L: $0.5077 - H: $0.5177
Капитализация $28.384b Rank 7
Цена в час новости $ 0.3182 (61.35%)

ripple xrp price pair hurdles face recovery

Источник: newsbtc.com

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


Will XRP’s Price Jump After Another Ripple Win Against the SEC Be Short-Lived?

According to analysis firm Santiment, XRP spiked 8% following news that the SEC’s appeal against Ripple was denied. The immediate aftermath saw Ripple’s native cryptocurrency, $XRP, experiencing a swift +8% surge, and it has swiftly become a focal point, constituting nearly a quarter of discussions related to the top 100 assets in the crypto space.

2023-10-4 10:19


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.