Typical Ripple (XRP) Price Action, Dips Remain Attractive To Bulls

2020-1-8 08:00

Ripple extended its rally and traded towards the $0.2250 resistance against the US Dollar. Recently, XRP corrected sharply, but bitcoin managed to pop above $8,000 and $8,200. Ripple price is trimming gains and it even dived to test the $0.2080 support against the US dollar. Bitcoin remained in a positive trend and it surged above the key $8,000 resistance. There is a major contracting triangle forming with support near $0.2090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip sharply towards the $0.2050 support before it starts a fresh increase. Ripple Price Remains Supported Yesterday, we saw a sharp rise in ripple above the $0.2120 resistance against the US Dollar. XRP price even surged above $0.2200, formed a high at $0.2253, and recently started a substantial downside correction. On the other hand, there were strong gains in bitcoin above $8,000 and $8,200. BTC surged towards the $8,500 level and it is currently correcting lower. Looking at ripple, there was a downturn below the $0.2200 support area. Besides, the price traded below the 50% Fib retracement level of the upward move from the $0.1937 low to $0.2253 high. Finally, the price dipped below $0.2100 and tested the $0.2080 support area. It seems like there is a major contracting triangle forming with support near $0.2090 on the hourly chart of the XRP/USD pair. The current price action suggests that there are chances of another downside thrust below the $0.2100 level. The main support is near the $0.2050 level and the 100 hourly simple moving average. An intermediate support is near the 61.8% Fib retracement level of the upward move from the $0.1937 low to $0.2253 high. If there is another dip below $0.2100, the bulls are likely to protect the $0.2050 support area. Any further losses might lead the price towards the crucial $0.2000 pivot level. Dips Present Buying Opportunity? If ripple dives again below $0.2100, it could be considered as a decent buying opportunity. The $0.2050 support holds the key for the current uptrend and bullish case. Only if the price breaks the $0.2000 support, there are chances of a trend change to bearish. Ripple Price Looking at the chart, ripple price is trimming gains, but it seems like recently formed uptrend is not over yet unless there is a close below $0.2000. On the upside, the price is likely aim a test of $0.2400. 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 currently just below the 50 level. Major Support Levels – $0.2100, $0.2080 and $0.2050. Major Resistance Levels – $0.2180, $0.2200 and $0.2250. The post appeared first on NewsBTC. origin »

Ripple (XRP) на Currencies.ru

$ 2.0923 (+0.25%)
Объем 24H $3.21b
Изменеия 24h: -3.76 %, 7d: -4.89 %
Cегодня L: $2.0803 - H: $2.1107
Капитализация $126.231b Rank 4
Цена в час новости $ 0.2687 (678.68%)

ripple xrp price pop above bitcoin sharply

ripple xrp → Результатов: 126


The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap

After days of red candles and growing investor fatigue, Ripple (XRP) is losing its grip on the payments crown. Even as Evernorth’s billion-dollar treasury deal made headlines, the Ripple coin price The post The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap appeared first on AMBCrypto.

2025-10-23 18:00


Ripple’s ISO 20022 Advantage: Analyst Explains the Long Game for XRP Supporters

A new post by fintech commentator Vincent Van Coode has sparked conversation in the XRP and broader crypto community. His take highlights Ripple’s unique positioning within global finance, pointing out that one of Ripple’s biggest challenges – and opportunities – lies in connecting thousands of disparate, legacy systems still used by banks worldwide.

2025-9-7 14:00


Ripple и SEC отозвали апелляции: дело по XRP официально закрыто

Комиссия по ценным бумагам и биржам (SEC) и Ripple Labs прекратили многолетнюю судебную тяжбу, подав совместное заявление об отзыве апелляций по делу о статусе токена XRP. Компании договорились завершить спор, который длился почти пять лет и стал одним из самых значимых регуляторных дел в криптовалютной индустрии.

2025-8-8 08:41


Ripple станет банком XRP, — мнение основателя Bitwise

Недавно CEO Bitwise заявил, что Ripple в течение года может превратиться в XRP treasury company. Проще говоря, компания Ripple станет банком, который владеет огромными запасами XRP и зарабатывает на этом.

2025-7-11 17:19