XRP and the majority of other major altcoins have been able to develop firmly bullish market structures over the past few weeks, which has been driven by the massive 2020 uptrend that the crypto market is currently caught within.
XRP – which is currently coming off of an incredibly rough 2019 – has been able to gain a solid foothold within the $0.20 region and is beginning to incur a confluence of bullish technical factors.
One analyst believes that these factors could help propel the cryptocurrency up towards its 2019 highs against its Bitcoin trading pair.
XRP Consolidates as Crypto Market’s Bulls and Bears Remain at an Impasse
At the time of writing, XRP is trading down marginally at its current price of $0.232, which marks a slight decline from its daily highs of $0.235 that were set prior to an early morning sell-off that sent the crypto reeling to lows of $0.22.
Bulls were able to post a strong defense of this level, signaling that they still have strength in spite of its recent rejection at $0.25.
The cryptocurrency’s recent uptrend has come about in tandem with the upswings seen by Bitcoin, Ethereum, and most major altcoins, as it has developed a strong correlation with the aggregated markets.
This correlation, however, could soon break as its technical strength begins shaping up.
One analyst on Twitter who goes by the name CJ, recently told his 12k followers that he is watching for a break above XRP’s midrange equilibrium (EQ) as a potential catalyst for a significant movement to as high as $0.40.
“XRP – Current view,” he said while pointing to a chart showing his aforementioned target.
$XRP – Current view pic.twitter.com/45tgPErUFN
— CJ (@IrnCrypt) January 19, 2020
The Next Major Rally Could Occur in the Coming Two Weeks
It is important to note that CJ isn’t the only analyst currently eyeing significantly further near-term upside for XRP.
CryptoGainz – another popular analyst – told his followers in a recent tweet that he believes XRP could soon rally to highs of 0.0003715 BTC, which would mark a notable climb from its current BTC price of 0.00002683.
$xrp pic.twitter.com/LBrOZY4QZF
— CryptoGainz (@CryptoGainz1) January 20, 2020
According to the chart he references in the above tweet, this major upswing could take place in the coming few weeks.
While considering these bullish technical factors, it does seem to be increasingly probable that XRP will soon break its close correlation to BTC and incur some massive independent momentum.
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XRP price action has cooled after a 14% pullback from its highs, but quiet exchange inflows and improving money flow suggest a bullish setup may be forming. Traders are now watching a key level inside the ascending triangle that could determine the next big move.
XRP is showing strong signs of a bullish trend shift after breaking previous structure and forming a bullish EMA crossover. The token now eyes a move towards the $2.50 resistance. Ripple’s (XRP) price action has recently flipped to a bullish…
XRP price could be on the cusp of a strong bullish breakout in the coming days after forming a bullish chart pattern and as whales continue accumulating. Ripple (XRP) continued to consolidate on Friday, trading at $2.216, up by 36%…
XRP has been the standout performer in the crypto market, riding a wave of bullish sentiment and regulatory optimism following the inauguration of President Donald Trump.
XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The price has been steadily climbing, fueled by bullish momentum, and appears poised to push higher.
The XRP recent price movements have caused a major stir in the crypto market, with the cryptocurrency experiencing a significant price surge and breaking out of crucial resistance levels. Driven by its recent bullish momentum, XRP has succeeded in breaking a key bullish pattern, as a result, a crypto analyst has predicted that it could potentially jump 4X to new highs of $2.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
XRP has demand, a bullish structure, and moThe post XRP stays bullish but a push beyond this key level could dictate the future appeared first on AMBCrypto.
Our analysis of XRP suggests an intriguing period ahead. We propose a strategy of short-term selling for long-term gains. This approach is based on three key observations: It’s important to remember that in the volatile world of cryptocurrencies, fear and greed often drive the market.
XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 32, $0. 30, $0. 28 Yesterday, January 14, the XRP price was in the bullish trend zone. The crypto’s price fell to its low at $0.
XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0. 61, $0. 63, $ 0. 65 Support Levels: $0. 46, $0. 44, $0. 42 Yesterday, November 21, the price of XRP was in a bullish trend. On November 21, the crypto's price fell to the low of $0.
Supply zones: $0. 62, $0. 79, $0. 88, Demand zones: $0. 43, $0. 33, $0. 26 XRP/USD Medium-term Trend: Bearish Yesterday, October 10 XRP was in a bearish trend. Immediately the market headed towards the supply level of $0.
The prospect of Ripple’s bullish trend has been motivating for a while now since the blockchain project started partnering with financial institutions, implementing its cross-border transaction payment system.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 61, $0. 63, $ 0. 65 Support Levels: $0. 50, $0. 48, $0. 46 Yesterday, October 4, the XRP price was in a bullish trend. The XRP price reached the high of $0.
XRP/USD Medium-term Trend: Bullish Resistance Levels: $0. 61, $0. 63, $ 0. 65 Support Levels: $0. 55, $0. 53, $0. 51 Yesterday, October 3, the XRP price was in a bearish trend. In the bearish trend, the digital currency fell to the low of $0.
All of the major cryptocurrencies find themselves in the green once again. Although there is still a long way to go prior to speaking of an actual recovery, this current trend looks promising for the remainder of the week.
Key Highlights Ripple price failed to hold the $0. 5520 and $0. 5500 support levels and declined sharply against the US dollar. There was a break below an important bullish trend line with support at $0.
Key Highlights Ripple price is holding the $0. 5500 and $0. 5520 support levels against the US dollar. There is a major breakout pattern formed with resistance at $0. 5820 on the hourly chart of the XRP/USD pair (data source from Kraken).
While the market as a whole may be waiting for Bitcoin to make a move from its current low volatility state, there have still been some individual cases of cryptos making strong bullish moves during this quiet period.
Fundamental developments as formation of SAIV, objectives of Coil to turn XRP from a facilitator to a medium of exchange and increase coin listings at various exchanges is bullish. Aside from this, Nigel Green’s comments cement our bullish stand.
September has been yet another cold month for cryptocurrency. As each new month arrives, speculation of the next bull run follows, though it seems that at the moment, bullish optimism is at an all time low.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $0. 52, $0. 54, $ 0. 56 Support Levels: $0. 46, $0. 44, $0. 42 Yesterday, September 27, the XRP price was in a sideways trend. Yesterday, it was still ranging above the $0.
XRP/USD Medium-term Trend: Ranging Resistance Levels: $0. 52, $0. 54, $ 0. 56 Support Levels: $0. 46, $0. 44, $0. 42 Yesterday, September 26, the XRP price was in a bullish trend. After price correction, the digital currency found support at the $0.
Ripple price is positioned in a bullish zone above the $0. 4600 support against the US Dollar. XRP/USD could continue to move higher towards the $0. 5950 resistance. Key Talking Points Ripple price rallied recently and settled above the $0.
Ripple (XRP) has been on a wild bullish spree these past few days. A lot of people even in the crypto community have been trying to wrap their mind around how Ripple (XRP) has achieved such gains without the blessing of Bitcoin (BTC).
XRP has appreciated approximately 20% over the past 24 hours. XRP had a stellar performance last week moving from $0. 27 to a high near $0. 80. With a turnaround occurring across the market, XRP was no different and dropped back down to $0.
Ripple (XRP) investors have seen some massive returns on investment these past few weeks but there are reasons to believe that this rally is not over yet. Ripple (XRP) had to retrace after an aggressive rise from $0.
Ripple (XRP) is up almost 200% over the past week on a series of bullish news announcements, but remains down 85% from ATH set in January. The market cap now stands at US$22.78 billion with US$1.38 billion in trade volume over the past 24 hours.
Galaxy Digital CEO Remains As Bullish As Ever Following the crypto market’s strong rebound on Friday, CNBC Fast Money, who has become near-infamous for its coverage of this early-stage market, called upon crypto proponent Mike Novogratz to make an appearance to discuss the current state of the cryptocurrency industry.
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XRP/USD Medium-term Trend: Bullish Resistance Levels: $0. 30, $0. 32, $ 0. 34 Support Levels: $0. 26, $0. 24, $0. 22 Yesterday, September 20, the XRP price was in a bullish trend. The cryptocurrency is now in a smooth uptrend.
Ripple (XRP) had a long streak of bullish rallies these past few days as the price rallied straight through strong resistances from $0. 25 to $0. 50 in matter of just four days! That is a 100% increase in a period of four days.
The current XRP price momentum is a lot more bullish than anyone could have predicted. After a strong day of gains yesterday, the upward momentum seemingly continues without missing a beat. In fact, a 42% increase in 24 hours is very uncommon, as it is pushing the XRP market cap closer to Ethereum’s as of […]
The post XRP Price: Bullrun Continues as Market Cap Nears Ethereum’s Valuation appeared first on NullTX.
The price of XRP has seen a two days bullish trend while most cryptocurrencies are still taking a bearish move. The recent surge in the price of Ripple in the past 48 hours is regarded as the effect of rumour and speculation by experts.
Ripple closed with another long green candle, confirming that bullish momentum has been picking up.
The post Ripple (XRP) Price Analysis: Gaining More Bullish Momentum appeared first on Ethereum World News.
Ripple (XRP) has already kicked off the altcoin rally. It does come as a surprise considering the change of sentiment that Ripple (XRP) has magically achieved over the past few weeks. As always, the team behind Ripple (XRP) shows a glimpse of its talent.
When it comes to Ripple and its native XRP asset, there is no middle ground. The cryptocurrency community seems to either love it or hate it. Even so, there are a lot of expectations regarding the Ripple price moving forward.
Ripple has closed above the top of a long-term descending trend channel to indicate that a reversal is in order.
The post Ripple (XRP) Price Analysis: Don’t Miss This Bullish Breakout appeared first on Ethereum World News.
Ripple (XRP) has slowed down after an aggressive climb last week. The price has now formed a triple top as seen on the XRP/USD 4H chart above. This is a very strong resistance which is unlikely to be breached at this point.
Despite rampant XRP sellers, fundamentals are bullish just like as predicted by SVP Customer Support of Ripple in Q1 this year. In fact Ripple and their core products have caught on that the RBC Capital Market did mention the benefits of Ripple solutions when financial institutions use them.
Ripple (XRP) is probably the most bullish looking coin right now. This is because Ripple (XRP) has already complete an almost 92% correction since its fall from $3. 31 in January this year. In addition to that, as the above weekly chart for XRP/USD shows, Ripple (XRP) has just completed a giant bullish gartley pattern that extends all the way to 2017.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 32, $0. 34, $ 0. 36 Support Levels: $0. 28, $0. 26, $0. 24 Yesterday, September 6, XRP price was in a bearish trend. The cryptocurrency fell to its low at $0.
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