Tag Archives: Ripple (XRP) Price

The market is still in shock due to the deep collapse in recent days. Investors are skeptical, and it remains to be seen when the bulls will return to the market. Technical Analysis By Grizzly The Daily Chart The bears were able to push the price down to critical horizontal support at $0.33. This level has played an essential role for XRP since 2019. Source: TradingViewThe sharp upward trend in 2021 occurred after breaking this level. If the bulls can defend it, one can...

Ripple has touched the range between $0.5-0.55 three times over the past year. Now, the bears are trying to bring the price to this range once again, but will support hold the fourth attempt? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears were able to push the price below the support level at $0.63 and turn it into a horizontal resistance (in red). XRP price continued to drop after the pullback and is now close to the...

The crypto market experienced a sharp drop yesterday, liquidating many long positions. A lot of cryptocurrencies are approaching their long-term support levels, and it remains to be seen how bulls will defend them. Technical Analysis By Grizzly The Daily Chart On a daily time frame, XRP moves down inside a descending channel (in yellow). The intersection point of the channel’s midline with the horizontal support at $0.5 (in green) is a crucial level to monitor. If the bulls...

After Ripple ended April with a 34% red candlestick, it is now on the monthly Fibonacci Retracement at 0.786, and many expect the one-year downtrend to end. Technical Analysis By Grizzly The Daily Chart: Chart by TradingViewOn the daily timeframe, after the price could not break the descending line at the end of March, the bears pushed XRP down by 40%. Ripple is currently on the horizontal support in the range of $0.5-$0.55, which has so far acted well. The RSI indicator has...

XRP has continued to drop for more than a year after hitting its highest level at $1.96 in April 2021, which has disappointed holders. What are the main challenges? Technical Analysis By Grizzly The Daily Chart: Source: TradingViewThe price fluctuates within a triangle (marked yellow) on the daily timeframe, and the descending line that has accompanied it for more than 230 days has not been broken yet. The blue rectangle has made the top and bottom of the price movement. The...

South Korean investors reportedly own over $5 billion worth of Bitcoin (BTC). Ripple (XRP) is the second most popular digital asset as locals hold nearly $4.8 billion in it. BTC and XRP Lead the Way South Korea’s leading crypto exchanges – Upbit, Bithumb, Coinone, and Korbit – conducted a study to determine which digital assets are the most attractive to local investors. The largest cryptocurrency by market capitalization – Bitcoin (BTC) – places first as South Koreans have...

XRP continues to slide downwards, following the overall bearish sentiment in the crypto markets. The price got rejected at the critical line of resistance of $0.92 and now heading towards low levels where support lies. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, despite the sudden spikes, it still seems that the sellers have the upper hand now. If we look at the past recent uptrends, we see that previous uptrends have occurred by...

XRP had a great end of the week, unlike the current sentiment of the crypto markets. Key Support level: $0.70, $0.58 Key Resistance levels: $0.85 XRP recovered well after touching the key support at $0.70 and rallied 10% on Friday. As usual, the current weekend sees almost no volume and not much price action. The next key resistance lies at $0.85 and could be tested soon if XRP opens the new week in green. Chart by TradingViewTechnical Indicators Trading Volume: The volume is...

Ripple, like Bitcoin and Ethereum, could not manage to break above the daily MA200 and has fallen into a downward trajectory. Technical Analysis By: Grizzly The Daily Chart: Source: TradingViewOn the daily timeframe, after the bears defended the resistance at $0.93 well, they were able to push the price down to $0.75 and deliver a 19% correction. Ripple is currently stuck between the daily MA100 (marked white) as support and MA50 (marked yellow) as resistance. If the bulls...

Ripple seems to have lagged behind the crypto market in the past 20 days and is still trading below resistance. While Bitcoin and Ethereum managed to recover 50% or more from the losses incurred during the downtrend from the all-time high, Ripple regained only 40%, and the recent market structure doesn’t look too promising. Technical Analysis Technical Analysis By Grizzly The Daily Chart: Ripple could not break the horizontal resistance on the daily timeframe, the...