Ripple is currently consolidating above the $0.2100 support against the US Dollar. XRP price is showing bearish signs, but it could start a fresh increase as long as it is above the 100 SMA (H4).
Ripple price is currently struggling to stay above the $0.2100 support against the US dollar.
The price is facing a couple of important hurdles near the $0.2220 and $0.2265 levels.
There was a break below a key bullish trend line with support near $0.2160 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
The pair must stay above $0.2050 and the 100 SMA (H4) to start a fresh increase.
Ripple Price Trading Near Crucial Juncture
This past month, ripple surged above the $0.2000 and $0.2100 resistance levels to move into a positive zone. XRP price traded as high as $0.2359, settled well above the 100 simple moving average (4-hours), and recently started a downside correction.
There was a break below the $0.2200 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $0.1789 low to $0.2359 high.
However, the $0.2100 region is acting as a strong support. The 50% Fib retracement level of the upward move from the $0.1789 low to $0.2359 high is also acting as a support.
In the past few days, ripple traded in a broad range above $0.2100, but it struggled to clear the $0.2250 resistance zone. There was a downside reaction and a break below a key bullish trend line with support near $0.2160 on the 4-hours chart of the XRP/USD pair.
Ripple Price
The pair is still trading above the $0.2100 support area, but it is now struggling to recover above the broken trend line and $0.2180. To move into a positive zone, the price must surpass the $0.2200 and $0.2250 resistance levels.
The next major resistance is near the $0.2265, above which the bulls are likely to aim a larger upward move towards the $0.2350 and $0.2420 levels.
Reversal Chances?
On the downside, there is a key support forming near $0.2100. The most important uptrend support is near the $0.2050 level and the 100 simple moving average (4-hours).
If the price fails to stay above the 100 SMA (H4) and declines below $0.2000, there are chances of a bearish reversal towards the $0.1800 level.
Technical Indicators
4-Hours MACD – The MACD for XRP/USD is slowly gaining momentum in the bearish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently below the 50 level, with bearish signs.
Major Support Levels – $0.2100, $0.2070 and $0.2050.
Major Resistance Levels – $0.2200, $0.2250 and $0.2350.
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The cryptocurrency market regained momentum on Monday, with total capitalisation climbing back above the $4 trillion mark. Bitcoin, Ethereum, and Ripple all posted notable price action, supported by favourable macroeconomic indicators and increasing institutional activity.
Ripple rallied above the $0. 400 and $0. 450 resistance levels against the US Dollar. XRP price is up over 25% and there could be more upsides in the near term. Ripple is gaining pace above the $0.
Ripple extended its rally above the $0. 8000 resistance zone against the US Dollar. XRP price even tested $0. 9500 and it is now consolidating gains. Ripple started a strong surge above the $0. 8000 and $0.
Ripple gained bullish momentum above $0. 5000 and $0. 5500 against the US Dollar. XRP price remains attractive on dips and it is likely to climb further above $0. 5750. Ripple gained strength and it even spiked above $0.
Ripple trimmed most gains from the $0. 6000 resistance against the US Dollar. XRP price is now trading above $0. 4500 and it could attempt a fresh increase above $0. 5500. Ripple broke the $0. 5500 support zone, but it stayed above $0.
Ripple started a strong rally after it settled above $0. 3000 against the US Dollar. XRP price is up over 50% and it even cleared the $0. 5000 barrier to move into a positive zone. Ripple started a strong increase after there was a break above $0.
Ripple rallied significantly above $0. 6000 and $0. 7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0. 6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.
Ripple is gaining pace above the $0. 2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0. 2700 resistance level as long as it is above $0. 2400. Ripple is showing positive signs above the $0.
Ripple is forming a strong support base above the $0. 2800 level against the US Dollar. XRP price is showing positive signs and it seems like it could rally above the $0. 3100 and $0. 3200 levels.
Ripple surged more than 30% this past week to climb above $0. 3000 against the US Dollar. XRP price nosedived below $0. 3250, but technicals suggest a fresh increase above $0. 3150. Ripple price surged above the $0.
Ripple is resilient above the main $0. 1920 support zone against the US Dollar. As long as XRP price is above $0. 1900, it could drive the crypto market higher in the coming days. Ripple price is consolidating in a range above the $0.
Ripple is currently consolidating above the $0. 2000 support against the US Dollar. XRP price is likely to start a strong increase above $0. 2100 as long as it is above the 100 SMA (H4). Ripple price is currently trading nicely above the main $0.
Ripple is trading nicely in a bullish zone above $0. 1950 against the US Dollar. XRP price is likely to accelerate higher above the $0. 2000 and $0. 2020 resistance levels. Ripple price is showing signs of more upsides above $0.
Ripple is currently recovering above $0. 2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0. 2500 or $0. 2600 once it clears the $0. 2400-$0. 2420 resistance.
Ripple price found support above the $0. 3100 level and recovered above $0. 3300 against the US dollar. There was a break above a major bearish trend line with resistance at $0. 3200 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price is holding gains above the $0. 4700 support level against the US dollar. There is a key bullish trend line formed with support at $0. 4800 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price extended slides recently, but it found support near $0. 4860 against the US dollar. There was a break above a key bearish trend line with resistance at $0. 5050 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price gained momentum recently and settled above the $0. 3000 and $0. 3200 resistances against the US dollar. There is a new important connecting bullish trend line in place with support at $0.
Key Highlights Ripple price traded higher and settled above the $0. 4700 resistance against the US dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $0. 4720 on the hourly chart of the XRP/USD pair (data source from Kraken).
The China Center for Information Industry Development (CCID) released the second iteration of its monthly Global Public Chain Technology Evaluation Index. As part of the Ministry of Industry and Technology Information, the CCID is releasing the monthly reports on behalf of the Chinese government.
Key Highlights Ripple price stayed above the $0. 5250 support and bounced back against the US dollar. There is a crucial ascending channel forming with support at $0. 5380 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to move above the $0. 5620 resistance area and trimmed gains against the US dollar. There is a key connecting bullish trend line in place with support at $0. 5250 on the hourly chart of the XRP/USD pair (data source from Kraken).
Litecoin’s price falls again on Monday, but remains above support for the lows of June 14 and 16. The LTC / USD is at risk of falling to $ 89, if it fails to rise above the resistance at the $ 94 level.
Key Highlights Ripple price gained upside momentum as it managed to hold the $0. 5000 support against the US dollar. There is an ascending channel forming with support at $0. 5400 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.
