Tag Archives: Ripple (XRP) Price

Ripple’s price has remained stagnant and lacks bullish momentum, as it has been in a consolidation phase for several months. The situation is similar when trading against Bitcoin. Technical Analysis By: Edris XRP/USDT Daily Chart: Ripple’s price faced strong rejection at the $0.6 resistance zone a few weeks ago. Currently, the cryptocurrency is finding support at the $0.49 level, where the 50-day moving average is located. If this level is breached, the next targets would be...

Ripple’s price has encountered significant resistance, which threatens the continuation of its recent rally. However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place – at least from a technical analysis standpoint. Ripple Price Technical Analysis By: Edris XRP/USDT Daily Chart: XRP’s price has been unable to surpass the $0.55 level, leading to a period of trading below...

This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon. Ripple (XRP) Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today. This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers...

During the winter of 2020, the United States Securities and Exchange Commission fired the first bullet in what would eventually become a dragged-out legal battle against the entire cryptocurrency industry. On December 22nd, 2020, the SEC charged Ripple with conducting a $1.3 billion unregistered security offering, essentially alleging that their native cryptocurrency – XRP – is a security. Two and a half years later, the battle is still raging on, but the proportions are now...

After breaking above both the 100-day moving average and the descending trendline, XRP has initiated a solid upward trend, reaching a significant resistance region at $0.55. The price action in this crucial zone will play a vital role in determining Ripple’s future direction. Technical Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, once the price surpassed the 100-day moving average at $0.44, it went through a brief correction, testing the moving...

In recent weeks, Ripple’s price has displayed an upward trend, recovering from a notable support level. However, there is still a crucial resistance level that must fall for the market to enter a bullish phase in the coming months. Technical Analysis By: Edris XRP/USDT Daily Chart: The XRP price has consistently increased after bouncing back from the $0.43 support. This level has also been reinforced by the 200-day moving average, while the price has surpassed the 50-day...

The past seven days saw the cryptocurrency market increase, but it wasn’t something particularly considerable. Bitcoin remained rather stagnant and managed an increase of slightly more than one percent. However, there were those who exploded and led the market’s recovery. Namely, XRP. Let’s dive in. Starting with the BTC price – it wasn’t very impressive during the last week. In fact, the primary cryptocurrency only booked an increase of slightly more than one percent and is...

Ripple’s price has shown bullish movement in recent weeks. However, there is a notable resistance level that needs to be overcome before a more sustained rally can be anticipated. Technical Analysis By: Edris XRP/USDT Daily Chart: XRP has displayed a consistent upward trend after being rejected from the 200-day moving average of around $0.4. Additionally, it has surpassed the 50-day moving average of around $0.45 and appears to be targeting the resistance zone at $0.6 in the...

Ripple’s overall outlook currently appears optimistic, with recent price movements indicating a bullish trend. Notably, the cryptocurrency has found support at both the 100-day and 200-day moving averages and has continued to rise. As a result, there is potential to target the significant resistance at the $0.55 region. Technical Analysis By Shayan The Daily Chart After a period of consolidation and correction, the price found support around $0.41, which coincided with the...

This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week. This consolidation under the key resistance is unlikely to last, and bulls appear eager to break away. On Tuesday, buyers briefly took the price over the key level, but sellers were quick to reverse the price action...