Ripple (XRP) Bulls Facing Uphill Task & Risk of Short Term Correction Escalates

2020-2-10 07:28

Ripple is facing a significant resistance near the $0.2900 area against the US Dollar. XRP price could decline a few points towards $0.2700 before it could rise again. Ripple price is struggling to climb towards the main $0.3000 resistance area against the US dollar. There were more than two rejections noted near the $0.2880-$0.2900 area. There is a short term declining channel forming with resistance near $0.2825 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct lower towards the $0.2700 and $0.2650 levels in the near term. Ripple Price Facing Hurdles After a successful break above the $0.2650 resistance, ripple extended its rise above the $0.2750 resistance. Moreover, XRP settled above the $0.2800 level and 100 hourly simple moving average. However, the bulls struggled to clear the $0.2900 area and there was no test of the $0.3000 barrier. It seems like there were more than two rejections near the $0.2880-$0.2900 area. The last swing high was near $0.2891 before ripple started a downward move. It broke the 23.6% Fib retracement level of the upward move from the $0.2634 low to $0.2891 high. At the outset, there is a short term declining channel forming with resistance near $0.2825 on the hourly chart of the XRP/USD pair. The pair is currently testing the $0.2800 area and the 100 hourly SMA. Ripple Price An immediate support is near the $0.2760 level. It coincides with the 50% Fib retracement level of the upward move from the $0.2634 low to $0.2891 high. If the price fails to stay above the $0.2760 support area, there is a risk of a drop towards the $0.2700 support area. Any further losses may perhaps lead the price towards the $0.2640 support area or the last swing low. An intermediate support is seen near the $0.2695 level. Test of $0.3000? In the short term, there could be a minor decline below $0.2800 and $0.2750. However, the bulls are likely to protect strong losses in ripple below $0.2700 or $0.2650. Once the current correction wave is complete, the price is likely to attempt a clear break above the $0.2900 resistance. In the mentioned case, there are chances of XRP hitting the main $0.3000 resistance in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is slowly moving into the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently declining and it is below the 50 level. Major Support Levels – $0.2800, $0.2700 and $0.2640. Major Resistance Levels – $0.2880, $0.2900 and $0.3000. The post appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 0.5177 (-0.24%)
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ripple xrp towards price facing could points

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.

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Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

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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.

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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.

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