Ripple (XRP) Plunges To $0.43 With Bears In Full Swing

2022-5-24 16:23

Ripple (XRP) has plummeted to $0.43, with bears now skyjacking the market following a tremendous drop in the past week.

While the price seems to have improved in the past couple of days, the bulls have somewhat shoved bears to their current market movement.

The past week did not look suitable for Ripple traders and investors as XRP collapsed to a drop of 42% and closed at $0.4255.

The entire week was seen to drift following a bearish movement which dropped to $0.4018 before it regained momentum to $0.4123 for the week. This indicates an oversold token that implores the potential of an uptrend.

Suggested Reading | Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle – Analysts Weigh In

Will Ripple Dash Towards A Bullish Streak?

However, the token price is yet to produce a higher low and a higher high to authenticate the created moment, which in effect points out that bulls will have to nudge the price of XRP to $0.65 before it instigates a new bullish trend.

XRP is expected to dash to a bullish trend as things go down. However, the bullish streak can be short-lived as a result of the current market situation. The technical oscillator’s value would show you that the token has ticked off the lows in the charts (hourly, daily, and weekly).

It falls right under both the 50-day and the 100-day Exponential Moving Average. It is an escalation of the buying pressure that could ram the price to shoot, targeting the 50-day exponential moving average even before it tests at the $0.50 mark.

XRP total market cap at $20.5 billion on the daily chart | Source: TradingView.com Ripple Price Descending For Good?

In different circumstances, the drop of XRP indicating a bearish shift could trigger the coin to go on with a new downtrend. If XRP breaks under the current low value, it will test the low of $0.40.

While every token strives for decentralization, Ripple wholly owns XRP and wants to be the coin that aims for bank adoption. Ripple is also a payment gateway as much as it’s a cryptocurrency. It’s one of the pioneering tokens in the crypto space created by Ripple Labs in 2012.

Suggested Reading | Cardano (ADA) Grapples At $0.524; Bullish Trajectory Coming

Ripple is the brainchild of Chris Larsen and Jed McCaleb. Four years after its launch, the company acquired BitLicense from New York to ensure that XRP remains robust despite the volatility.

However, Ripple has dipped to 21% because of crypto turbulence and is still struggling to keep up with the pace.

Featured image from YouTube, chart from TradingView.com

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5395 (+0.67%)
Объем 24H $929.624m
Изменеия 24h: 1.68 %, 7d: 4.29 %
Cегодня L: $0.5238 - H: $0.5397
Капитализация $29.903b Rank 7
Цена в час новости $ 0.4074 (32.43%)

bears past market ripple xrp improved couple

Источник: newsbtc.com

bears past → Результатов: 126


Фото:

Cardano On The Verge Of Making Much Needed Comeback As ADA Wallets Skyrocket Past 2 Million

The official community monitoring page of the Cardano blockchain network has just announced that active wallets of its native token ADA have crossed two million unique addresses. The announcement bears a mark of celebration for the blockchain network that was recently ranked third but has fallen two places to now be the fifth among blockchains […]

2021-11-3 00:14


Фото:

Bitcoin On-Chain Data Reveals Harsh Truth About Market’s Divided Direction After BTC Failed to Surge Past $30k

Bitcoin has failed to surge past $30,000 after teasing a possible jump to higher levels on the 18th of July when prices hit a daily high of $32,399. Market anxiety heightens as Bitcoin staggers downwards After closing at a low of $31,900 yesterday, it was clear that the bears rejected prices at $33,000, causing the […]

2021-7-23 16:12


This On-Chain Trend Suggests Bulls are About to Regain Control Over Bitcoin

Bulls have been struggling to gain decisive control of Bitcoin throughout the past few days and weeks This has resulted in it being quite heavy, with each rally being aggressively sold into as bears aim to push it back down to $30,000 Despite this, the crypto has been able to hold strong within the lower-$30,000 region, and every dip below $30k has been met with massive buy-side support There’s a possibility that this support is […]

2021-2-2 21:00


Фото:

Bitcoin Reclaims Key Level Following Yesterday’s Wild “Pump and Dump”

Bitcoin has seen some wild price action throughout the past few days, with the crypto seeing a “pump and dump” rally that led it to $39,000 before it plummeted to $32,000 This price action shows that there’s a significant number of bears looking to fade BTC’s price action at the moment It has recovered from its lows and is not showing any signs of wanting to collapse much lower, but its price action has been […]

2021-1-30 21:00


Фото:

If History Rhymes, Bitcoin is Likely to Start Developing a Long-Term Bottom

Bitcoin is currently undergoing a serious correction that has caused its price to see some significant losses throughout the past few days The cryptocurrency is now hovering just a hair above $30,000, with bulls struggling to support it above this level as bears take control Where it trends in the mid-term will undoubtedly depend largely on whether or not $30,000 holds as support Any major break below this level could be all that it takes […]

2021-1-28 23:00


Bitcoin Plunges as Bears Roar, But Here’s Why Analysts Aren’t Too Concerned

Bitcoin has seen some mixed price action as of late, with bulls attempting to push it higher yesterday before it saw a strong rejection that sent it tumbling lower The crypto is still trading firmly within the trading range that it has been caught within throughout the past several weeks, and not much has changed from a structural perspective Despite the apparent intensity of this selloff, one analyst is noting that he isn’t too concerned […]

2021-1-21 21:00


Фото:

Ethereum Reaches a “Vital” Point as Bulls Fail to Flip Resistance to Support

Ethereum and the entire crypto market has faced some weakness throughout the past couple of days Although both BTC and ETH are trading well above their recent lows, it is important to note that bears are in the process of reversing yesterday evening’s gains This downtrend could prove to be bearish for ETH, as the crypto has been unable to flip a key resistance level into support This comes as it ventures into what one […]

2021-1-13 01:00


Фото:

Bitcoin On the Cusp of Facing Another Wave of Intense Selling: Analyst

Bitcoin has faced some intense selling pressure throughout the past 48 hours, with bears stepping up and trying to reverse the cryptocurrency’s recent strength They have been continuously targeting $30,000, with the crypto tapping this level on a few occasions before rocketing higher Its rally has so far been somewhat weak, and reversed nearly the instant that the crypto moved past $36,000 This is a grave sign that points to some underlying weakness amongst bulls […]

2021-1-13 21:00


Фото:

This Indicator Suggests Bitcoin is Slowly Reaching Overheated Levels as Rally Slows

Bitcoin and the entire cryptocurrency market have been caught within a firm uptrend as of late, but it has transformed into consolidation throughout the past couple of days BTC and its smaller counterparts are all trading sideways, with bears trying to gain an edge over bulls as they slowly push the cryptocurrency lower Where the market trends in the near-term should depend largely, if not entirely, on whether or not BTC can surmount $40,000 once […]

2021-1-10 22:00


Фото:

Here’s the Crucial Level Bulls Need to Flip to Propel Bitcoin Higher

Bitcoin has seen some immense volatility over the past couple of days, with bulls and bears ardently battling for control over the lower-$30,000 region The key support here has been tested on a few occasions, but bulls have been able to guard against any intense selloff If BTC can continue building a strong base of support down below its current price, there’s a possibility that it could be poised to see immense strength in the […]

2021-1-6 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Криптоаналитика: обзор рынка биткоина (BTC) и альткоинов. Ключевые данные за неделю

За последние 24 часа рынок криптовалют буквально засиял новыми красками! Bitcoin и несколько альткоинов показали значительный рост, хотя это только начало. BNB, Ripple, Dogecoin и Solana порадовали инвесторов своим ростом, подтвердив положительные тенденции на рынке.

Coinbase resumes XRP trading in New York

Cryptocurrency exchange Coinbase has resumed XRP trading in the state of New York again following a 2021 suspension. Paul Grewal, Coinbase’s chief legal officer, announced on X that XRP is now available to trade in the state. “We heard you…

Coinbase resumes XRP trading in New York

Coinbase's Chief Legal Officer said the exchange has resumed XRP trading for New Yorkers following collaboration with the State. The post Coinbase resumes XRP trading in New York appeared first on Crypto Briefing.

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.