Category Archives: XRP

Ripple Price Analysis: XRP Preparing For Larger Bullish Breakout

  • Ripple price stayed above the $0.3025 and $0.3050 support levels against the US dollar.
  • The last week’s highlighted crucial bearish trend line is intact with resistance at $0.3300 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
  • It seems like the pair is forming a breakout pattern with resistance at $0.3350 and support near $0.3000.
  • High chances of an upside break as long as the price is above the $0.3000 support area.

Ripple price is currently trading in a broad range above $0.3000 against the US Dollar. XRP is likely forming a major breakout pattern, with resistances near $0.3300 and $0.3350.

Ripple Price Analysis

In the past two days, there were decent gains in bitcoin, Ethereum, bitcoin cash, eos and ripple price against the US Dollar. More importantly, the XRP/USD pair stayed above the $0.3025 and $0.3050 support levels. A swing low was formed at $0.3023 and later the pair started a fresh upward move. It broke the $0.3080 resistance to start a recovery. Buyers gained traction above the $0.3095 resistance and the 55 simple moving average (4-hours). Finally, there was a break above the 50% Fib retracement level of the last decline from the $.3342 high to $0.3023 low.

However, the price faced a strong resistance near the $0.3220 and $0.3225 levels. The 61.8% Fib retracement level of the last decline from the $.3342 high to $0.3023 low also prevented gains. Above $0.3225, the next key resistance is near the $0.3300 zone. Besides, the last week’s highlighted crucial bearish trend line is intact with resistance at $0.3300 on the 4-hours chart of the XRP/USD pair. Therefore, it won’t be easy for buyers to clear the $0.3300 resistance area.

The key resistance is near $0.3350, above which buyers are likely to take control. Should there be a proper close above $0.3000 and $0.3350, the price could rally towards the $0.3500 and $0.4000 resistance levels in the near term. On the downside, an initial support is near the $0.3090 level and the 55 simple moving average (4-hours). The key support is at $0.3000, below which the price may move into a bearish zone.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price seems to be forming a breakout pattern with resistance at $0.3350 and support near $0.3000. In the short term, there could be extended range moves before the price makes the next move either above $0.3350 or below $0.3000.

Technical indicators

4 hours MACD – The MACD for XRP/USD is currently placed nicely in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD tested the 70 area and it is currently correcting lower.

Key Support Levels – $0.3090, $0.3065 and $0.3000.

Key Resistance Levels – $0.3300 and $0.3350.

The post Ripple Price Analysis: XRP Preparing For Larger Bullish Breakout appeared first on Live Bitcoin News.

Source: Bitcoin News

Ripple Price Analysis: XRP Trading Near Make-or-Break Levels

  • Ripple price declined recently and broke an important support at $0.3400 against the US dollar.
  • There was a break below a crucial contracting triangle with support at $0.3620 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
  • The pair tested the key $0.3185 support, below which it could test the $0.2975 support.

Ripple price moved into a bearish zone below $0.3400 against the US Dollar. XRP must hold $0.3185 or it might decline towards $0.2975 and $0.2920 in the near term.

Ripple Price Analysis

In the last analysis, we discussed a possible upside break if ripple price clear the $0.3900 resistance against the US Dollar. However, the XRP/USD pair struggled to gain momentum above the $0.3900 and $0.3920 levels. As a result, there was a bearish reaction and the price declined below the $0.3800 and $0.3600 support levels. The decline was strong as the price broke the key support near $0.3620 and the 55 simple moving average (4-hours).

More importantly, there was a break below a crucial contracting triangle with support at $0.3620 on the 4-hours chart of the XRP/USD pair. The price even broke the $0.3200 level and tested the next main support at $0.3185. A low was formed near $0.3185 and the price later started an upside correction. An initial resistance is near the $0.3360 level. It coincides with the 23.6% Fib retracement level of the recent downside move from the $0.3917 high to $0.3185 low. However, the main resistance is near the $0.3550 level and the 55 simple moving average (4-hours). The 50% Fib retracement level of the recent downside move from the $0.3917 high to $0.3185 low is also positioned near $0.3550.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is trading above the key $0.3185 support. It could correct higher in the short term, but buyers are likely to struggle near $0.3550. On the downside, if there is a break below $0.3185, the next important support is at $0.3000 and $0.2975.

Technical indicators

4-hours MACD – The MACD for XRP/USD is showing negative signs in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level.

Key Support Level – $0.3185

Key Resistance Level – $0.3550

The post Ripple Price Analysis: XRP Trading Near Make-or-Break Levels appeared first on Live Bitcoin News.

Source: Bitcoin News

Ripple Price Analysis: XRP Poised for Bullish Break Above $0.40

  • Ripple price is currently consolidating above the $0.3400 support with bullish moves against the US dollar.
  • There is a major contracting triangle formed with resistance at $0.3820 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
  • The pair is likely to break the triangle resistance and $0.3950 for more gains in the near term.

Ripple price is trading with a bullish bias above $0.3400 against the US Dollar. XRP could gain bullish momentum above $0.4000 once there is a break above $0.3820.

Ripple Price Analysis

After a significant drop, ripple price found support near the $0.3400 level against the US Dollar. The XRP/USD pair traded as low as $0.3396 and later started a decent recovery. It moved above the $0.3500 and $0.3600 resistance levels. Besides, there was a break above the $0.3800 level and the 55 simple moving average (4-hours). The price even broke the 23.6% Fib retracement level of the downside move from the $0.4664 high to $0.33950 low.

However, the upside move was capped by the $0.4000 resistance area. Buyers even failed to test the 50% Fib retracement level of the downside move from the $0.4664 high to $0.33950 low. Later, the price declined a few points below $0.3800 and started trading in a range. At the outset, there is a major contracting triangle formed with resistance at $0.3820 on the 4-hours chart of the XRP/USD pair. The pair needs to break the $0.3820 resistance to set the pace for more gains. The next resistance is at $0.3950, above which the price could clear the $0.4000 barrier. Finally, above $0.4000, the price may test $0.4180 and the 61.8% Fib retracement level of the downside move.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is clearly preparing for the next key break either above $0.3820 or below $0.3620. If there is a downside break below $0.3620 and $0.3600, the price could drop to the $0.3400 support.

Technical indicators

4-hours MACD – The MACD for XRP/USD is slightly placed in the bearish zone, with a flat structure.

4-hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 53 level.

Key Support Level – $0.3600

Key Resistance Level – $0.3820

The post Ripple Price Analysis: XRP Poised for Bullish Break Above $0.40 appeared first on Live Bitcoin News.

Source: Bitcoin News

Ripple Price Analysis: XRP Sighting Bullish Break Above $0.38

Key Highlights

  • Ripple price traded lower this past week and tested the $0.3400 support against the US dollar.
  • There is a major bearish trend line in place with resistance at $0.3800 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
  • The pair must break the $0.3800 resistance to start a decent upward move in the near term.

Ripple price recovered from the $0.3400 support area against the US Dollar. XRP must surpass the $0.3800 and $0.3820 resistance levels to gain bullish momentum.

Ripple Price Analysis

Recently, there was a sharp dip below the $0.3600 support in ripple price against the US Dollar. The XRP/USD pair even traded below the $0.3500 support before buyers appeared near the $0.3400 support. Besides, there was a close below the $0.3800 support and the 55 simple moving average (4-hours). A low was formed at $0.3400 and later the price started a fresh upward move.

It moved above the $0.3700 and $0.3710 resistance levels. There was also a break above the 23.6% Fib retracement level of the last decline from the $0.4680 high to $0.3400 low. At the moment, the price is struggling to gain momentum above the $0.3800 resistance and the 55 simple moving average (4-hours). More importantly, there is a major bearish trend line in place with resistance at $0.3800 on the 4-hours chart of the XRP/USD pair. Finally, the 50% Fib retracement level of the last decline from the $0.4680 high to $0.3400 low is also near the trend line.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price seems to be preparing for an upside break above the $0.3800 resistance in the near term. Above $0.3800, the price may continue to move higher towards $0.4000 and $0.4200. On the downside, the main supports are $0.3500 and $0.3400.

Looking at the technical indicators:

4-hours MACD – The MACD for XRP/USD is slightly placed in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level.

Key Support Level – $0.3500

Key Resistance Level – $0.3800

The post Ripple Price Analysis: XRP Sighting Bullish Break Above $0.38 appeared first on Live Bitcoin News.

Source: Bitcoin News

Ripple Price Analysis: XRP’s Bullish Continuation Above $0.45

Key Highlights

  • Ripple price gained bullish momentum and broke the $0.3905 resistance against the US dollar.
  • There was a break above a bullish continuation pattern with resistance at $0.3800 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
  • The pair is currently trading well above $0.4250 and it could continue to move higher towards $0.4500-0.4600.

Ripple price gained more than 15% and broke $0.4250 against the US Dollar. XRP is likely to accelerate above the $0.4400, $0.4500 and $0.4600 resistance levels.

Ripple Price Analysis

After forming a support base near $0.2800, ripple price jumped above $0.3000 against the US Dollar. The XRP/USD pair gained momentum above the $0.3200 resistance and a bearish trend line. Later, buyers pushed the price above the $0.3500 resistance and the 55 simple moving average (4-hours). As a result, there was a sharp upside move above the $0.3900 and $0.4000 resistance levels.

More importantly, there was a break above a bullish continuation pattern with resistance at $0.3800 on the 4-hours chart of the XRP/USD pair. The pair climbed above the $0.4250 level and traded as high as $0.4325. In the short term, there could be a minor downside correction towards $0.4110. The 23.6% Fib retracement level of the last wave from the $0.3436 low to $0.4325 high is at $0.4115. However, the main support is near the $0.3905, which was a resistance earlier. It coincides with the 50% Fib retracement level of the last wave from the $0.3436 low to $0.4325 high. Therefore, dips from the current levels may find bids near $0.4110, $0.4000 and $0.3900.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price looks set to gain pace above $0.4350, $0.4400 and $0.4500. If there is downside correction, buyers are likely to protect $0.3900-0.4000 in the near term.

Looking at the technical indicators:

4-hours MACD – The MACD for XRP/USD is placed nicely in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 75 level.

Key Support Level – $0.3900

Key Resistance Level – $0.4500

The post Ripple Price Analysis: XRP’s Bullish Continuation Above $0.45 appeared first on Live Bitcoin News.

Source: Bitcoin News

Ripple Price Analysis: XRP Near Crucial Juncture, Can Buyers Make It?

Key Highlights

  • Ripple price is setting up for the next break either above $0.3000 or below $0.2800 against the US dollar.
  • There is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
  • The pair is likely to climb higher if there is a successful break above the $0.3000 resistance.

Ripple price is sighting a bullish break above $0.3000 against the US Dollar. Conversely, XRP might dive sharply if there is a break below the $0.2800 support.

Ripple Price Analysis

In the last analysis, we saw a significant breakout pattern below $0.3200 in ripple price against the US Dollar. The XRP/USD pair failed to move higher and it declined below the $0.3000 support level. The price even broke the $0.2900 level and remained below the 55 simple moving average (4-hours). A new monthly low was formed at $0.2830 and later the price recovered a few points.

On the upside, an initial barrier for buyers is near the $0.3000 level. Besides, there is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair. Above the trend line, the 55 SMA is positioned near $0.3040. Finally, the 23.6% Fib retracement level of the last decline from the $0.4102 high to $0.2830 low is at $0.3130. Therefore, if the price breaks the $0.3000 barrier, there could be more gains towards $0.3130 and $0.3200. The next major resistance is the 50% Fib retracement level of the last decline from the $0.4102 high to $0.2830 low at $0.3466.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is clearly near a crucial juncture below $0.3000. XRP could either break the $0.3000 resistance and trade towards $0.3200 or decline below $0.2830 in the near term.

Looking at the technical indicators:

4-hours MACD – The MACD for XRP/USD is still in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for XRP/USD is just above the 40 level.

Key Support Level – $0.2830

Key Resistance Level – $0.3000

The post Ripple Price Analysis: XRP Near Crucial Juncture, Can Buyers Make It? appeared first on Live Bitcoin News.

Source: Bitcoin News