Ripple was rejected near the $0.2250 resistance area against the US Dollar, similar to bitcoin near $8,450. As a result, there was a downside correction in XRP below $0.2150 and $0.2100.
Ripple price is down more than 10% and it is now trading below $0.2100 against the US dollar.
The price even failed to stay above the key $0.2080 support area.
There is a major bearish trend line forming with resistance near $0.2105 on the hourly chart of the XRP/USD pair (data source from Kraken).
There are chances of more losses unless the price climbs above $0.2100 and $0.2100.
Ripple Price Facing Hurdles
After a strong increase, ripple failed to surpass the $0.2250 resistance area against the US Dollar. There was a sharp bearish reaction in XRP and the price declined below the $0.2150 support.
Moreover, there was a break below the $0.2100 support and the 100 hourly simple moving average. The bulls even failed to protect the $0.2080 support and the price traded as low as $0.2031.
A similar price action was observed for bitcoin after it was rejected near the $8,450 level. BTC is down 5% and it broke the $8,080 support area.
Looking at ripple, it is currently correcting higher after trading as low as $0.2031. It recovered above the 23.6% Fib retracement level of the recent decline from the $0.2170 high to $0.2031 low.
However, the previous support near $0.2080 is now acting as a hurdle. More importantly, there is a major bearish trend line forming with resistance near $0.2105 on the hourly chart of the XRP/USD pair.
The 50% Fib retracement level of the recent decline from the $0.2170 high to $0.2031 low is also near the $0.2100 level to prevent an upside break. Therefore, ripple needs to climb above $0.2080, $0.2100 and $0.2120 to start a fresh increase.
One Final Push In XRP To $0.2000?
The current price action suggests that XRP might be setting up for a final downside thrust below the $0.2050 level. In the mentioned scenario, the price might spike towards $0.2000 or $0.1980 before it starts a new upward move.
Ripple Price
Looking at the chart, ripple price is clearly broke a couple of important supports to invalidate the chances of a run towards $0.2400. Still, the price is likely to bounce back until there is no daily close below $0.2000.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is about to move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.
Major Support Levels – $0.2050, $0.2000 and $0.1980.
Major Resistance Levels – $0.2080, $0.2100 and $0.2120. The post appeared first on NewsBTC. origin »
Ripple is struggling to clear the $0. 5800 resistance against the US Dollar. XRP price is showing bearish signs and it could accelerate lower below $0. 5420. Ripple topped just above the $0. 6000 level before starting a fresh decline against the US dollar.
Ripple has in the past couple of years been hugely successful. Its xRapid payment solution has gained interest with major financial institutions including Western Union, American Express, MoneyGram and many more.
Ripple price failed to recover and extended losses below the $0. 3100 support against the US dollar. The price settled below the $0. 3100 support and the 100 hourly simple moving average. Yesterday’s major contracting triangle was breached with support at $0.
Ripple prices below 34 cents, in range mode JPM Coin not a threat, Brad Garlinghouse assures Transactional volumes low, averaging 14 million Brad Garlinghouse, the CEO of Ripple Inc, is confident that JPM Coin private nature is not a threat to XRP.
There has been a controversy in the cryptocurrency community on why XRP should be worth more. Earlier this year, a Twitter poll indicated 80% nearly 9000 participants would rather have XRP as second largest cryptocurrency than Ethereum.
Ripple price failed to surpass the $0. 3200 resistance and started a downward move against the US dollar. The price traded below the $0. 3140 support and it is now approaching the key $0. 3080 support.
Ripple price traded higher nicely and settled above the $0. 3100 support area against the US dollar. The price traded as high as $0. 3198 recently and later corrected a few points below $0. 3160.
Ripple price in an uptrend, trading below 34 cents Regulatory clarity will clear the air catalyzing adoption Average transaction volumes are high, doubles in last month Even though Ripple related news is scarce, increasing participation levels point to an accumulation.
Ripple price is following a declining path and it broke the $0. 3100 support against the US dollar. The price remains at a risk of a sharp decline below $0. 3000 and $0. 2980 in the near term. There is a major bearish trend line formed with resistance near the $0.
Ripple price failed to gain momentum above the $0. 3150 resistance and declined against the US dollar. The price is now trading well below the $0. 3140 resistance and the 100 hourly simple moving average.
Ripple price tested the $0. 3400 resistance area on a few occasions against the US dollar. The price failed to break the $0. 3380-0. 3400 resistance and declined below $0. 3200. There is a crucial contracting triangle formed with resistance at $0.
Ripple price declined further below $0. 3080 and tested the $0. 3000 support area against the US dollar. The price traded as low as $0. 2983 and it is currently correcting above the $0. 3050 level.
Ripple prices accumulating Expansion or contraction of Ripple (XRP) hinged at regulation, Bahrain taking the lead Volumes more than double in the last three weeks, XRP struggling below 34 cents XRP may be available for trading at CoinBase Pro, but questions on regulation continue to pop up.
Ripple price failed once again to stay above the $0. 3400 resistance and declined against the US dollar. There was a break below a triangle with support at 0. 3350 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price failed to stay above the $0. 3250 and $0. 3200 support levels and declined against the US dollar. This week’s followed major bullish trend line was breached with support near $0. 3245 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price is currently trading well below the $0. 3045 and $0. 3070 resistances against the US dollar. There is a major bearish trend line formed with resistance at $0. 3070 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple Prices under pressure but bullish Buy XRP using your credit card at Binance Transactional volumes are below average Good news is Binance is opening up new demand corridors after finally allowing users to buy XRP and other cryptos using their credit card.
Ripple price started a downside correction and traded below the $0. 3050 support against the US dollar. There is a major declining channel in place with resistance near $0. 3040 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple prices bullish xRapid adoption should be a top priority Transaction volumes picking up after Feb 8 gains Shoring our optimism is the expectation of xRapid adoption. Binance is open for a partnership while Ramessa Online is waiting for further clarification before incorporating XRP.
Ripple price failed to retain gains and traded below the $0. 3080 support against the US dollar. There is a key connecting bearish trend line in place with resistance at $0. 3065 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price failed to stay above the 0. 0000880BTC support and declined further against bitcoin. XRP is under pressure and it remains sell on rallies near 0. 0000880BTC and 0. 0000900BTC. Key Talking Points Ripple price settled below the key 0.
Price action for XRP broke below a key support level yesterday at $0. 296. Price is following up today with a rise, but the increase is taking place on lower volume and is failing to erase the losses of yesterday.
Ripple Price Analysis The last 7 trading days has been a troublesome period for Ripple holders as price action…
The post Ripple Price Analysis: XRP Breaks Below $0. 30 and Reaches Support at $0.
Ripple price steady, likely to find support at 30 cents Jed McCaleb wallets are dormant, yet to sell XRP from Jan 11, 2019 Transactional volumes low, pump possible Unless there is a collapse below 30 cents, XRP bulls are in control.
Ripple price is under pressure and it recently broke the $0. 2980 support level against the US dollar. There is a major bearish trend line formed with resistance near $0. 2980 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price failed to break the $0. 3075 and $0. 3100 resistance levels against the US dollar. There was a break below a major bullish trend line with support at $0. 3050 on the hourly chart of the XRP/USD pair (data source from Kraken).
In the last 24 hours, the crypto market has slightly declined by $2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering.
Ripple price remained below the $0. 2900 and $0. 2950 resistance levels against the US dollar. There are two bearish trend lines in place with resistance near $0. 2900 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple broke below its short-term consolidation pattern to signal that a continuation of the longer-term slide is due. Price is trading inside a descending channel visible on the 4-hour chart and has just tumbled below the mid-channel area of interest.
Ripple price stable, reject lower lows Cobalt could be a game changer Transactional volumes below average Behind Ripple is a team looking to revolutionize cross border payment through innovative solutions.
Ripple price failed to stay above the $0. 3000 support and declined heavily below $0. 2900 against the US dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $0.
The total crypto market cap lost $7 billion of its value since January 25 and now stands at $113 in the early hours of January 28. Bitcoin is down three percent for the same time period, ether fell eight percent.
Ripple price declined recently and broke the $0. 3100 and $0. 3070 supports against the US dollar. There is a major bearish trend line in place with resistance at $0. 3030 on the hourly chart of the XRP/USD pair (data source from Kraken).
Last Sunday, XRP fell from resistance at $0. 335 to support at $0. 312 as bearish movements took place across the market. The price of XRP spent the majority of the week consolidating above $0. 312.
Ripple price corrected lower and tested the $0. 3130 support area against the US dollar. There was a break above a key declining channel with resistance at $0. 3145 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price failed to gain momentum and declined below 0. 0000900BTC against bitcoin. XRP is likely preparing a base for a decent upward move above 0. 00000920BTC. Key Talking Points Ripple price failed to stay above the 0.
Ripple price spiked above the $0. 3210 level recently and later dipped below $0. 3150 against the US dollar. There is a declining channel in place with support at $0. 3130 on the hourly chart of the XRP/USD pair (data source from Kraken).
XRP USD Short-term price analysis Ripple price under immediate selling pressure below $0.34 level. Early week decline has sent the XRPUSD pair below $0.3188 and to a fresh 2019 trading low Price trades below the neckline of a bearish head and shoulder pattern, August 2018 low may soon come into focus In the short-term, the […]
The post XRP Price Analysis: Ripple Under Immediate Selling Pressure appeared first on Crypto Briefing.
Ripple price is currently under pressure below the $0. 3200 and $0. 3180 support levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0. 3185 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price of Bitcoin surpassed key levels during yesterdays trading creating a more bullish outlook. Many analysts were looking at $3840 as an area for its price to move to next. However, the bullish price action failed to follow up, and the price dropped back below the $3684 level.
Ripple prices in a 2 cents trade range below 34 cents Mercury FX demonstrates the power of XRP Prices ranging as daily average trading volumes drop t0 23 million—streams from BitFinex Although the path of least resistance ought to be northwards, sellers are currently pinning down bulls.
Ripple price is struggling to gain momentum above the $0. 3300 and $0. 3320 resistances against the US dollar. There is a key bullish trend line formed with support at $0. 3240 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price traded to a new weekly high at $0. 3384 and later corrected lower against the US dollar. There was a break below a key bullish trend line with support at $0. 3250 on the hourly chart of the XRP/USD pair (data source from Kraken).
After a bearish wrap-up to last week, the price has started to recover over the last hour. Market prices are spiking, and many cryptocurrencies are coming up to test key levels. After forming a descending triangle last week, XRP broke bearish and dropped below key levels at both $0.
Ripple price 3 cents from the primary support Exim bank set to adopt the xRapid system by the end of March 2019 Transaction volumes low but XRP is technically bullish Over and above everything, Sep 2018 rally guides our medium to long-term price projection.
Ripple price extended losses and broke the $0. 3300 and $0. 3200 support levels against the US dollar. There is a key connecting bearish trend line with resistance at $0. 3275 on the hourly chart of the XRP/USD pair (data source from Kraken).
The bearish movements which took place across the market yesterday resulted in Ripple’s XRP breaking down from the descending triangle pattern it had been forming and dropping below two key levels.
Ripple price topped near the $0. 3820 level and later declined sharply below $0. 3500 against the US dollar. There is a short term connecting bearish trend line formed with resistance at $0. 3300 on the hourly chart of the XRP/USD pair (data source from Kraken).
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.
