Ripple Price Analysis: XRP/USD at Clear Risk of Further Declines

2018-10-11 10:30

Key Highlights

Ripple price declined heavily and broke the $0.4280 and $0.4000 support levels against the US dollar. This week’s followed important bearish trend line played well with resistance at $0.4480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under a lot of pressure and it may continue to face sellers near $0.4280 and $0.4400.

Ripple price nosedived into a bearish zone against the US Dollar and Bitcoin. XRP/USD may recover a few points, but upsides remain capped near $0.4280.

Ripple Price Analysis

This week, we followed a bearish pattern below the $0.5000 resistance for Ripple price against the US Dollar. The XRP/USD pair remained in a bearish below $0.5000 and $0.4950 and it recently declined sharply. Sellers came into the action and pushed the price below the $0.4400 and $0.4280 support levels. The drop was nasty as the price even broke the $0.4000 support and settled below the 100 hourly simple moving average.

More importantly, this week’s followed important bearish trend line played well with resistance at $0.4480 on the hourly chart of the XRP/USD pair. A low was formed near the $0.3900 zone and the price later started an upside correction. It is currently testing the 23.6% Fib retracement level of the recent decline from the $0.4744 high to $0.3954 low. An immediate resistance is near the $0.4280-0.4290 zone, which was a support earlier.  Above the $0.4280 level, the price may face sellers near $0.4480. It is close to the 50% Fib retracement level of the recent decline from the $0.4744 high to $0.3954 low.

Looking at the chart, ripple price is clearly in a bearish zone below $0.4480. As long as there is no close above $0.4500, it remains at a risk of more declines.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well below 30 level.

Major Support Level – $0.4000

Major Resistance Level – $0.4480

The post Ripple Price Analysis: XRP/USD at Clear Risk of Further Declines appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5352 (+0.73%)
Объем 24H $1.305b
Изменеия 24h: 4.96 %, 7d: 6.13 %
Cегодня L: $0.5299 - H: $0.5352
Капитализация $29.592b Rank 7
Цена в час новости $ 0.4068 (31.56%)

ripple price xrp usd pair further risk

Источник: newsbtc.com

ripple price → Результатов: 126


Фото:

Ripple (XRP) price prediction for April

Ripple (XRP) price is trading comfortably above the $0.50 mark as bulls look to consolidate before pushing towards the next resistance line at $0.65. Fundamental analysis: Ripple buys a 40% stake in an Asian cross-border payments provider Tranglo Ripple has bought a large stake in Tranglo, a cross-border payments provider in a bid to satisfy […] The post Ripple (XRP) price prediction for April appeared first on Invezz.

2021-3-31 11:47


Фото:

Ripple (XRP) price is breaking out. Here are levels to watch

Ripple (XRP) price is trading over 12% higher this week despite a correction in Bitcoin. As a result, the price action has broken out of the consolidation range. Fundamental analysis: Judge drops a “bombshell”, says XRP has currency value and utility In the latest court session between the SEC and Ripple, Attorney Jeremy Hogan said […] The post Ripple (XRP) price is breaking out.

2021-3-23 16:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto whales move 283 million XRP, stir market frenzy

XRP, the cryptocurrency backed by Ripple Labs, has caught the attention of crypto market participants today, May 20, as significant whale transactions have created a buzz. These movements come amid a period of highly volatile price action for XRP, prompting traders and investors to speculate on potential gains.

XRP Holders In Panic Selling Frenzy? Sub-$0.50 Looms

The price of XRP, the native token of Ripple, seems to be teetering on the edge of a short-term decline, according to an analysis of on-chain data by NewsBTC. While bulls might want to hold their horses, the report paints a picture of a market potentially succumbing to selling pressure in the immediate future.

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 […]