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Tag Archives: Ripple (XRP) Price

XRP Outperforms BTC in November, Here Are the Levels to Watch (Ripple Price Analysis)

Ripple’s monthly candlestick appears to be closing in the red tonight, despite the fact that the long lower wick implies the presence of buyers around $0.3. However, the cryptocurrency’s performance in the past month has actually been stronger than Bitcoin’s. Technical Analysis By Grizzly The Weekly Chart The weekly chart reveals that the downward trend initiated in April 2021 is continuing. The pair has made multiple attempts to break through the descending resistance line...

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XRP on the Verge of Closing a Second Green Weekly Candle, What’s Next? (Ripple Price Analysis)

Ripple is on the verge of closing its second green weekly candle. However, there is a horizontal obstacle on the way to higher levels, which will be discussed further below. Technical Analysis By Grizzly The Daily Chart: XRP managed to recapture the 200-day moving average line (in white) on the daily chart after struggling since mid-November. Technically, this pattern denotes a positive psychological momentum in the market.Although the bullish sentiment is observable on the...

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Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB, and LTC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers have managed to maintain their grip on the price. Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. Any weakness there...

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Ripple Closes Second-Worst Weekly Candle Since May, What’s Next? (XRP Price Analysis)

A very disheartening week in the crypto market has come to a close. Ripple saw its second-worst weekly candle since May and dropped more than a third of its market value over the last week. Technical Analysis By Grizzly The Daily Chart On the daily chart, the negative momentum slowed marginally as the asset approached the support zone in the $0.3 to $0.33 region (in green). However, this cannot be considered the end of the downward spiral. After 50 days, XRP hit the...

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XRP On the Verge of Major Test, Volatility Inbound? (Ripple Price Analysis)

Ripple has been experiencing a short-term stage of consolidation following low volatility. The cryptocurrency has formed a well-known bearish flag pattern and has dropped to the middle boundary. This is an important price region, and the upcoming price action will likely determine its mid-term direction. Technical Analysis By Shayan The Daily Chart The cryptocurrency was recently rejected by the upper trendline of the bearish flag pattern and dropped to the middle boundary....

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Ripple Claims More Decentralization as XRP Holdings Drop to 50%

On Oct. 27, Ripple released its Q3 Markets Report stating that its holdings of XRP have dropped below 50% for the first time. The company proudly stated that it is becoming more decentralized contrary to what critics have claimed. It said the ownership of XRP is not an indicator that Ripple controls XRP Ledger (XRPL). “The XRP Ledger (XRPL) uses Federated Byzantine Consensus to validate transactions, add new features and secure the network, which means that each validator...

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Crypto Price Analysis Oct-28: ETH, XRP, ADA, BNB, and MATIC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) Ethereum had a very strong rally in the past seven days, increasing by 19.4%. This makes it the best performer on our list this week. Such volatility has not been seen since September and signals a possible reversal in the downtrend. If ETH manages to make a higher high in the coming weeks, then that would confirm the reversal. The price is currently found just below the...

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Crypto Price Analysis Oct-21: ETH, XRP, ADA, BNB, and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum’s price has remained largely flat with little volatility. For this reason, it is almost identical to seven days ago. Momentum and volume continue to move sideways with no perceivable trend at this time. The key support remains at $1,250, and the resistance at $1,400. The price is stuck in a channel, and it can comfortably move sideways until the end of the month...

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Despite the Recent Drop, is XRP Headed to $0.55 Again? (Ripple Price Analysis)

Ripple has bounced from its recent sharp decline, perhaps indicating that buyers are still controlling the market. This structure has provided another opportunity to retest the overhead resistance. Technical Analysis By Grizzly The Daily Chart: Although Ripple has not succeeded in its repeated attempts to break the resistance zone (in red), the positive momentum is still apparent in the market. The emergence of higher lows in the lower timeframe signals greater buyer...

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Ripple (XRP) Skyrockets 20% in 14 Days: Here Are The Reasons Why

XRP has been one of the best performers in an otherwise stagnant and even declining cryptocurrency market where most of the coins are charting declines. The cryptocurrency is up over 20% measured from the lows on September 28th and the price it’s trading at the time of this writing, as seen in the chart below. Source: Binance via TradingViewThe SEC Lawsuit Going Well for Ripple One of the biggest variables in XRP’s future price performance lies within the outcome of the...

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