Tag Archives: Ripple (XRP) Price

Ripple’s price has found support at the significant 200-day moving average at around $0.41, leading to a robust uptrend. Should it continue its surge, Ripple’s next destination will be the resistance zone at $0.56, but what if the bears take control? Technical Analysis By Shayan The Daily Chart Analyzing the daily chart reveals that following several weeks of rejection, the price has finally found support at the 200-day moving average of $0.41, initiating an upward trend....

Ripples price has been sinking over the last few months following a clear rejection from a key resistance level. It is currently within a decisive area, and the outcome would likely determine the mid-term trend of the market. Technical Analysis By: Edris XRP/USDT Daily Chart The price has been making lower highs and lows recently, following the significant rally in early May. The bearish reversal at the $0.6 area has initiated the current downtrend, but the cryptocurrency is...

Ripple’s price is currently hovering near a crucial support region which consists of both the 200-day moving average and the $0.41 price zone. A breach below this critical level could potentially trigger a significant downturn toward the descending trendline. Technical Analysis By Shayan The Daily Chart On the daily chart, it’s apparent that after the recent weeks of rejection, the price has arrived at a strong support area at the 200-day moving average of $0.41. Considering...

This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Dogecoin. Ethereum (ETH) With the market in the red, Ethereum has fallen by 7.4% this week. In the process, the key level at $1,800 has turned into a resistance. This highlights a major change in the structure and puts bears in control of the price action. The momentum has turned bearish, and a test of the key support at $1,660 appears likely in the coming week. This becomes increasingly so if Bitcoin...

After Ripple’s sudden decline, the price fell below the 100-day moving average. However, it has now reached the critical support level of the 200-day moving average at $0.41, and the bears might just be getting started. Technical Analysis By Shayan The Daily Chart Following Ripple’s rejection from the $0.58 resistance level on the daily chart, the price experienced a massive decline, dropping below the 100-day moving average. However, the cryptocurrency has found substantial...

Ripple’s price action has been relatively bearish recently, following a rejection from a significant resistance level. Currently, XRP is trading near a key support level, and its reaction would determine the short-term market trend. Technical Analysis By: Edris XRP/USDT Daily Chart The price is ranging around the 50-day moving average, located near the $0.46 level. A breakdown of this moving average would lead make the market retreat further towards the $0.4 support level and...

This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Tron. Ethereum (ETH) This week, Ethereum has retested the support at $1,800. Buyers showed strength and did not allow the price to fall lower, which is why ETH is found at a similar level to last week due to low volatility. The current target for this cryptocurrency is $2,000, which is also a key psychological level. In April, ETH managed to break above it but quickly lost ground once sellers took over...

Ripple failed to breach the $0.55 resistance region and experienced a significant plunge of 26%, arriving at the crucial support level of the 100-day moving average. However, the price is likely to consolidate within this range, encountering significant support. Technical Analysis By Shayan The Daily Chart On the daily chart, following Ripple’s rejection from the $0.58 level, its price suffered a massive decline, experiencing a whopping 26% drop. However, XRP is currently...

Ripple’s price was rejected from a key resistance level a few weeks ago, highlighting indecisiveness. Even so, there is still hope for the bulls that the rally is not over. Technical Analysis By: Edris XRP/USDT Daily Chart XRP’s price failed to break through the $0.55 resistance level and has been dropping since. The 50-day moving average is currently providing support near the $0.46 mark and is closely followed by the 200-day moving average at around $0.41. This confluence...

Ripple went through a considerable increase, but its upward trend slowed down upon reaching the critical resistance level of $0.58. Nevertheless, it appears to have a bullish perspective on the weekly timeframe. Technical Analysis By Shayan The Weekly Chart After a significant spike, XRP has successfully broken through the multi-year descending trendline, a key level on the weekly timeframe, providing a positive market sentiment. However, the price now faces two substantial...