Ripple (XRP)

XRP hasn’t created a higher high in the last four months. This shows that the bears are currently in control, and they show little to no signs of weakness. Since the CPI numbers for the US were published earlier this week, the cryptocurrency has lost about 8%. Technical Analysis By Grizzly The Daily Chart XRP’s daily chart reveals the formation of a symmetrical triangle pattern (in light blue). This pattern might be interpreted as bearish since it develops in the course of a...

In the last five days, Ripple has grown by an impressive 16%, reaching highs exceeding $0.36 in today’s market. However, this doesn’t mean that the bearish trend has come to a halt. Technical Analysis By Grizzly The Daily Chart Once again, the bulls have demonstrated their determination to prevent the price from falling below $0.3 (in green). The next resistance for the cryptocurrency lies at $0.38 (in yellow). XRP has gone through a sideways trend as buyers were unable to...

Ripple price gained pace and cleared the $0.3500 resistance against the US dollar. The price is now trading above $0.3500 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise steadily if it stays above the $0.3600 and $0.3650 support levels. Ripple price is recovering above $0.3500 against the US Dollar, similar to...

Ripple has not been exempt from the recent decline in the cryptocurrency market. Despite this, XRP paints a different picture against Bitcoin. It’s worth noting that there have been two entirely different outlooks when analyzing the two pairs. In the last 24 hours, the price fell by 8% while increasing by about 3% against Bitcoin. Technical Analysis By Grizzly The Daily Chart The bulls are undeniably weaker than the bears as lower highs, and lower lows are seen in the chart....

Ripple seems to be struggling around the support at $0.33 for 10 days in a row. As a result, the cryptocurrency is trading within a very narrow range with little to no volatility. The sentiment remains predominantly negative. Technical Analysis By Grizzly The Daily Chart On the daily chart, the bulls tried to extend the price above the resistance zone at $0.33 (in red) on multiple occasions. Presently, it appears that there’s not enough demand to propel a considerable...

Ripple price started a fresh decline from the $0.3600 resistance against the US dollar. The price is now trading below $0.350 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.3320 and $0.3450 resistance levels. Ripple price is consolidating above $0.300 against the US Dollar,...

Litecoin started a fresh decline from well above the $60 zone against the US Dollar. LTC price is now trading below $60 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $55 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could recover, but upsides might be limited above the $58 and $60 levels. Litecoin price is struggling below $58 against the US Dollar, similar to bitcoin. LTC price...

Ripple has increased by 4% as the crypto market began to recover over the last two days. One explanation for this can be found in the DXY index reaching a stiff resistance. However, the sentiment across risk-on markets continues to be bearish. Technical Analysis By Grizzly The Weekly Chart The trend structure became bearish after the formation of a lower high and lower low on the daily chart. After failing to push the price above the horizontal resistance at $0.39 (in red),...

After Ava Labs, Ripple’s Brad Garlinghouse denied allegations, while Kyle Roche claimed that the stint was a deliberate scheme to intoxicate and exploit him. Crypto Leaks, which happens to be an online publication exposing corruption and fraud in the crypto ecosystem, made some astonishing claims about Ava Labs forming a secret pact with Kyle Roche, the founding partner of the law firm Roche Freedman. The same report even dragged Ripple CEO Brad Garlinghouse funded a law firm...

Ripple price started a fresh decline from the $0.3700 resistance against the US dollar. The price is now trading below $0.340 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.320 and $0.318 support levels. Ripple price is declining below $0.350 against the US Dollar, similar to...