XRP mimics the broader market to form a strong bearish trend

XRP mimics the broader market to form a strong bearish trend
фото показано с : invezz.com

2022-3-8 17:41

The cryptocurrency market has been eliciting mixed reactions over the past few weeks. Cryptocurrencies have been attempting to break to new highs, but bears have been kicking in shortly after.

XRP is giving in to the price movement across the broader cryptocurrency market. XRP/USD has gained by 1.8% during the past 24 hours, and it is trading at $0.751 at the time of writing.

XRP is in a bearish state

The price of XRP is currently now showing signs of making a strong recovery. While a slight uptrend has been recorded during the past 24 hours, the bears are still in play. XRP’s price has teased a bullish recovery, but this has failed to be successful each time.

XRP’s price is currently showing a bearish price action. The token is close to confirming a bearish flag that could eradicate any bullish gains made during the past 24 hours. XRP’s price is currently in a danger zone if it fails to breakout past higher levels.

Currently, the price of XRP is attempting to push past $0.75. If it fails to maintain levels above $0.755, it could slump towards a bearish zone. This could drop the prices downwards, and they would test the target close to the $0.50 and $0.55 values.

Bulls could come into play

While the overall trend is bearish, there is a strong case that bulls could take over and allow XRP to head towards new highs. However, for bulls to invalidate a bearish trend for the short term, XRP’s price needs to close at above $0.79. Currently, buying and market support are weak and reaching these levels could fail, at least for the short-term.

If there is enough support to propel XRP’s gains, bulls could shoot to $0.855 and confirm that the price has overcome the bearish pressure. There is much need for XRP to prevent any major downtrends because this could make a case for the bears.

If XRP’s price breaks out past $0.855, this will allow the token to test the next major resistance levels at $1. At this point, bulls will be strong enough to push the prices towards higher levels.

The post XRP mimics the broader market to form a strong bearish trend appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market xrp cryptocurrency broader bears highs across

Источник: invezz.com

market xrp → Результатов: 126


Market Sentiment For BTC, ADA, XRP, SOL Hints At an Impending Market Bounce – Here’s Why

According to blockchain intelligence firm Santiment, bearish sentiment has recently taken hold across major cryptocurrencies like Bitcoin, Ethereum, Binance Coin, XRP Ledger, Cardano, and Solana. As Santiment reported on social media: “With #crypto market caps ranging and lacking the usual growth traders have been accustomed to since the #bullcycle began in October, there is a […] The post Market Sentiment For BTC, ADA, XRP, SOL Hints At an Impending Market Bounce – Here’s Why appeared first on CaptainAltcoin.

2024-2-6 01:27


XRP, QNT, and HBAR: Navigating Lawsuits, Market Dips, and Global Forums

The release of the Hinman XRP lawsuit emails has sent ripples through the market, revealing a series of warnings ignored by Hinman that his speech could cause market confusion. This has raised questions about the transparency and fairness of market regulation, particularly in the case of Ethereum, which was seemingly given preferential treatment in Hinman’s […] The post XRP, QNT, and HBAR: Navigating Lawsuits, Market Dips, and Global Forums appeared first on CaptainAltcoin.

2023-6-14 11:40


Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise.

Bitcoin and the rest of the market is surprisingly linear today, with many altcoins registering modest gains as BTC remains range-bound. Ethereum and XRP in particular are showing strong gains.   How correlated is the crypto market? As experts debate the correlations between Bitcoin and gold versus the stock market, it’s interesting to look at […] The post Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise. appeared first on Crypto Briefing.

2019-9-18 18:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.