RIPPLE PRICE ANALYSIS & PREDICTION (April 4) – XRP Appears Indecisive After Losing 7% Weekly, Trades Under Minor Resistance

2024-4-4 17:51

Today looks a bit calm for Ripple XRP after experiencing serious bleeding since the start of the week. It saw a rejection and now holds temporarily above a key level. The price is currently facing minor resistance. 

Last month saw XRP through the end of a bullish phase after rallying 50% to $0.744 in six weeks. Dropping off the price level in March, it tested a low of $0.57 and managed to recover for a week.

Failing to push through the $0.66 level during the recovery phase, it fell briefly and ended that month in a brief consolidation mode.

Starting this month bearishly, which caused a serious price reduction, XRP posted losses and slipped to $0.56. That reduction brought the crypto back to its lowest level after five weeks of trading. 

Although, it temporarily suspended selling as it holds above price level as support. Following a slight bounce off this support, the price is now trapped under a minor $0.58 resistance that flipped as support during yesterday’s surge.

Increasing above this resistance could bring a small recovery to the weekly loss. The $0.60 level could be revisited as sub-resistance before resuming selling pressure. 

Extending this dip could drag the price back to February’s low before footing a fresh increase. A break below it could trigger more pain for the bulls.

XRP’s Key Level To Watch Source: Tradingview

The closest major resistance for an increase lies at $0.624, followed by $0.668. Higher resistance levels for buying would be $0.70 and $0.75.

For more drops, XRP’s immediate support is located at $0.54. The next level to watch below this support is $0.50 – the February low. There’s also support at $0.47.

Key Resistance Levels: $0.58, $0.624, $0.668

Key Support Levels: $0.54, $0.50, $0.47

Spot Price: $0.575 Trend: Bearish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: promesaartstudio/123RF // Image Effects by Colorcinch

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resistance xrp ripple price minor rejection week

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resistance xrp → Результатов: 126


Ripple (XRP) Struggles To Break Past 21 EMA Against Bitcoin (BTC), Price Likely To Remain Range Bound For Now

Ripple (XRP) is currently trading within a tight range against Bitcoin (BTC). The price broke the resistance at 45,860 satoshis earlier this month but soon afterwards, it retraced. Initially, the 45,860 satoshis resistance turned into support as the 4H chart above for XRP/BTC shows that Ripple (XRP) formed two red candles after the resistance break.

2018-9-9 22:31


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