Ripple is started a decent recovery from the $0.1280 support zone against the US Dollar. XRP price is likely to surpass the $0.1500 resistance and trade towards the $0.1700 resistance.
Ripple price is showing a few positive signs above the $0.1400 level against the US dollar.
It is currently testing a major resistance zone near the $0.1500 level.
There is a short term breakout pattern forming with resistance near $0.1500 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price could either continue higher towards the $0.1700 resistance or retreat back to $0.1300.
Ripple Price is Testing Key Resistance
After trading close to the $0.1280 support, ripple started a decent recovery. XRP price broke the $0.1380 and $0.1400 resistance levels to move into a short term positive zone.
The price even climbed above the $0.1500 resistance and the 100 hourly simple moving average. It traded as high as $0.1546 and recently corrected lower. There was a break below the 23.6% Fib retracement level of the upward move from the $0.1281 low to $0.1546 high.
However, the decline was limited as the price found support near the $0.1450 region. At the outset, there is a short term breakout pattern forming with resistance near $0.1500 on the hourly chart of the XRP/USD pair.
Ripple Price
If there is an upside break above the $0.1500 resistance, the price is likely to accelerate higher. The next resistance is near the $0.1550 zone, above which the bulls are likely to aim a test of the $0.1650 and $0.1700 resistance levels in the near term. Any further gains could lead the price towards the $0.2000 barrier.
Another Drop?
If ripple fails to extend its rise above the $0.1500 resistance, it could decline below the triangle support zone. An initial support is near the $0.1450 level, below which the price may perhaps test the $0.1400 zone.
An intermediate support is near the 50% Fib retracement level of the upward move from the $0.1281 low to $0.1546 high. A clear break below the $0.1400 support zone could open the doors for a larger decline. The next major support is near the $0.1300 and $0.1280 levels, where the bulls are likely to take a stand.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently rising and it is above the 50 level.
Major Support Levels – $0.1450, $0.1400 and $0.1320.
Major Resistance Levels – $0.1500, $0.1550 and $0.1650. origin »
Ripple witnessed an impressive rally over the past day, but might soon face resistance due to short-term profit-taking. Ripple (XRP) is up by 18% in the past 24 hours and is trading at $0.605 at the time of writing. The…
On-chain analysis examines how investors could react as Ripple (XRP) price approaches a historically significant resistance area.
The post Ripple (XRP) Price Approaches Critical Resistance – What Happens Next? appeared first on BeInCrypto.
Ripple rallied around 20% and it broke the key $0. 3000 resistance against the US Dollar. XRP price is now approaching the $0. 3400-$0. 3500 resistance, where it could face a strong selling interest.
Ripple price is currently correcting higher from the $0. 1741 low against the US dollar. It seems like the bulls are struggling to clear the $0. 2000 resistance area. Yesterday’s highlighted major bearish trend line is active with resistance near $0.
Ripple price is diving below $0. 1900 and it recently traded to a new 2-year low against the US dollar. It broke a significant support, opening the doors for further losses below $0. 1800. There is a key bearish trend line forming with resistance near $0.
Ripple price is sliding and it is under pressure below the $0. 2200 resistance against the US dollar. The price is now trading below $0. 2150 and it could decline further below $0. 2100. There is a crucial bearish trend line forming with resistance near $0.
Ripple price is struggling to recover above the $0. 2200 resistance area against the US dollar. The price remains at a risk of more downsides below the $0. 2180 support area. There is a declining channel forming with resistance near $0.
Ripple price is declining and it recently broke the key $0. 2200 support area against the US dollar. The price is likely to face hurdles near $0. 2200 and $0. 2240 in the near term. Yesterday’s key bearish trend line is intact with resistance near $0.
Ripple price declined recently below the $0. 2240 and $0. 2220 support levels against the US dollar. The price is currently correcting higher, but facing resistance near $0. 2240 and $0. 2260. There is a key bearish trend line forming with resistance near $0.
Ripple price is currently declining from the key $0. 2320 resistance area against the US dollar. The price is now trading below $0. 2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.
Ripple price is gaining momentum and it is rising above $0. 2250 against the US dollar. The price is likely to continue higher above the $0. 2320 and $0. 2350 resistance levels. There is a key bullish trend line forming with support near $0.
Ripple price is trading nicely above the $0. 2180 pivot area against the US dollar. The price is likely to slowly rise towards the $0. 2265 and $0. 2300 resistance levels. There is a major bullish trend line forming with support near $0.
Ripple price rallied recently above the $0. 2220 resistance, but failed near $0. 2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0. 2100.
Ripple price is declining and it is now trading below the $0. 2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0. 2000. This week’s major bearish trend line is still active with resistance near $0.
Ripple price is currently declining and trading below the $0. 2240 resistance area. XRP to USD is likely to continue lower towards the key $0. 2130 support area in the near term. Key Takeaways: XRP/USD Ripple price is trading in a bearish zone below the $0.
Ripple price is struggling to stay above the $0. 2180 support area against the US dollar. The price is likely to face resistance near the $0. 2230 and $0. 2240 levels. Yesterday’s key bearish trend line is intact with resistance near $0.
Ripple price is holding a couple of important supports near $0. 2180 and $0. 2150 against the US dollar. The price is currently facing resistance near the $0. 2260 and $0. 2300 levels. There is a major bearish trend line forming with resistance near $0.
Ripple price is trading above a couple of important supports near $0. 2200 against the US dollar. The price is facing a major hurdle near the $0. 2280 and $0. 2350 resistance levels. Yesterday’s highlighted major ascending channel is intact with support near $0.
Ripple price is trading nicely above the $0. 2200 and $0. 2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0. 2300 resistance area. There is a new connecting bullish trend line forming with support near $0.
Ripple price is currently correcting from the monthly low of $0.2003. XRP to USD is now trading above $0.2150 and it is facing a lot of strong hurdles near $0.2250 and $0.2350. Key Takeaways: XRP/USD Ripple price is trading with a short term bullish bias above the $0.2150 level against the US Dollar. XRP/USD climbed […]
Ripple price is showing a lot of positive signs above the $0. 2120 support against the US dollar. The price is likely to break the $0. 2240 and $0. 2270 resistance levels to continue higher. Yesterday’s key bearish trend line was breached with resistance near $0.
Ripple price is currently correcting from the new monthly low of $0. 2005 against the US dollar. The price might correct further higher, but the $0. 2270 resistance is a crucial hurdle for buyers.
Ripple price is down close to 10% and it even traded close to the $0. 2000 support against the US dollar. The price is currently correcting higher, but it is likely to struggle near $0. 2180 and $0.
Ripple price is down 5% and it broke the key $0. 2420 support area against the US dollar. The price tagged the $0. 2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.
Ripple price is currently struggling to surpass the $0. 2560 and $0. 2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0. 2600 resistance.
Ripple price is currently correcting higher from the $0. 2460 support. XRP to USD is facing an uphill task near the $0. 2560 and $0. 2580 resistance levels. Key Takeaways: XRP/USD Ripple price is currently struggling to clear the $0.
Ripple price is currently correcting higher and is trading above $0. 2520 against the US dollar. The price seems to be approaching a major resistance area near the $0. 2600 level. This week’s crucial bearish trend line is intact with resistance near $0.
Ripple price is declining and trading below the $0. 2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.
Ripple price is under pressure and struggling to surpass the $0. 2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0. 2580 support area. There is a major bearish trend line forming with resistance near $0.
Ripple price is following a downtrend below the $0. 2700 support area against the US dollar. The price is currently trading near the $0. 2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.
Ripple price is trading in a downtrend below the $0. 2750 resistance against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2740 and $0. 2750 levels. This week’s crucial bearish trend line is intact with resistance near $0.
Ripple price is trading in a bearish zone below the $0. 2840 resistance against the US dollar. The price is struggling to hold the key support area near the $0. 2700 level. Yesterday’s major bearish trend line is active with resistance near $0.
Ripple price is slowly recovering, but struggling to gain momentum above $0. 2800 against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2820 and $0. 2840 levels. There is a key bearish trend line forming resistance near $0.
After a brief attempt to climb above its strong resistance level at $0. 30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently sit around $0.
Ripple price is showing bearish signs and recently declined below $0. 2980 against the US dollar. The price is currently consolidating losses above $0. 2850 after it traded as low as $0. 2746. There is a short term breakout pattern forming with resistance near $0.
Ripple (XRP) has been slowly positioning to take out a key resistance and start a bull market. Unfortunately, even the Swell conference cannot help the cause of the cryptocurrency. Analysts continue to be bearish on Ripple as the crypto token succumbs to profit-taking.
Ripple price is holding a couple of important supports near $0. 2980 and $0. 2960 against the US dollar. The price is facing a couple of hurdles near the $0. 3020 and $0. 3040 levels. There is a key breakout pattern forming with resistance near $0.
Ripple price is gaining momentum and it recently climbed above $0. 3000 against the US dollar. The price traded towards the $0. 3050 resistance area and it is currently correcting lower. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
Ripple price is holding an important support area near the $0. 2880 level against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2940 and $0. 2950 levels. There is a major bearish trend line forming with resistance near $0.
Ripple price is facing an increase in selling pressure below the $0. 2980 resistance against the US dollar. The price is likely to decline below the $0. 2880 support before it could start a fresh increase.
Ripple price is trading above the $0. 2980 and $0. 2950 support levels against the US dollar. The price is likely to break the $0. 3060 and $0. 3080 resistance levels in the near term. There is a major rising channel forming with support near $0.
Ripple has been in a brutal downtrend for nearly two years. Trader Peter Brandt predicts that the cryptocurrency will bottom out as soon as it completes the diamond pattern. Other traders are bullish on XRP as the cryptocurrency posts a solid rally to take out the resistance level mentioned by Brandt.
Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair...
Ripple price is currently correcting higher after a sharp decline to $0. 2500 against the US dollar. The price is showing positive signs and is trading nicely above the $0. 2720 level. Yesterday’s highlighted key bearish trend is active with resistance near $0.
Ripple price declined heavily after it broke the key $0. 2850 support area against the US dollar. The price tested the main $0. 2500 support area and it is currently rebounding above $0. 2650. There is a major bearish trend line forming with resistance near $0.
Ripple price declined recently after it failed to climb above the $0. 3030 resistance against the US dollar. The price is currently trading below $0. 2950, but it is holding the key $0. 2850 support area.
Ripple price is gaining momentum above the $0. 2920 and $0. 2950 resistances against the US dollar. The price is up around 3% and it revisited the $0. 3040 resistance area. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
Ripple price is slowly moving higher towards the $0. 2950 resistance area against the US dollar. The price is facing an uphill task near the $0. 2950 and $0. 2980 resistance levels. There is a major bearish trend line forming with resistance near $0.
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.
