Tag Archives: Ripple (XRP) Price

Key Support levels: $0.89 Key Resistance level: $1 Buyers got excited to see the XRP rally, and there was a short-lived attempt to move the price above $1 last Thursday. However, a day later, the cryptocurrency dropped by 10% and is now back just above the support level at $0.89. This first attempt to move higher failed but shows that interest in XRP is coming back, and another attempt may be successful later on. Chart by TradingViewTechnical Indicators Trading Volume: The...

This week, we take a closer look at Ethereum, Ripple, Solana, Luna, and Avalanche. Ethereum (ETH) Ethereum has reclaimed the $4,000 level and appears ready to move higher towards the next key resistance at $4,400. The battle for the $4,000 level was intense, and it took almost a week until the buyer side prevailed. The price dropped to the former support at $3,700 several times, and the outlook on Monday was grim. But this quickly changed as the market turned back up. As...

Over the past few days, XRP has been consolidating inside a tight range, but finally, there are some early signs it is about to attempt a breakout of the range. Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 XRP’s price recently maintained its trading range between the support line at $0.75 and the resistance at $0.89. This has allowed the price action to settle and consolidate, giving buyers more confidence in a possible bullish reversal, following months...

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 Despite the low volatility during the past week, XRP has achieved one important thing. It stopped the downtrend and managed to find good support on the $0.75 level. The key resistance at $0.89 continues to hold, but this may come to an end as there’s a bullish crossover potentially in the making. Chart by TradingViewTechnical Indicators Trading Volume: Volume continues to drop, and this may anticipate a major...

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 The bulls managed to stop the downtrend, at least for now, but they are not yet strong enough to attempt a breakout. For this reason, XRP’s price is consolidating between the key support ($0.75) and resistance ($0.89). The first attempt to break above the key resistance last Thursday was rejected by bears, and the price continues to be stuck within a tight range. The longer XRP sits within this range, the more...

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89 Ever since XRP was rejected by the $1 resistance, the price went through a continuous decline which was exacerbated by the market crash on Saturday. The support at $0.89 was turned into resistance during the crash, and the next key support level is found at $0.75. Despite this painful downtrend, XRP’s price action seems to indicate that the bulk of this correction may approach the end. Particularly because the...

Key Support levels: $0.89 Key Resistance level: $1 The bulls did not have enough strength to keep XRP above $1 despite a worthy attempt two days ago. Price only spent a day above $1 before losing this level. Since then, the cryptocurrency has been falling towards the support at $0.89, and $1 remains the key resistance. This shows that bears continue to control the price action. Until bulls reclaim and hold prices above $1, XRP is unlikely to draw much attention from the...

Key Support levels: $0.89 Key Resistance level: $1 On 26 November, XRP broke below $1 – following our analysis at the time that anticipated a significant move. With this breakdown, bulls lost a key support level as the $1 level turned into resistance. The drop in price found good support at $0.89, and XRP is currently attempting a recovery back to $1. It’s interesting to see if the cryptocurrency will recover above this level on its first attempt, as it seems likely that...

Brad Garlinghouse – Chief Executive Officer of Ripple – said the fintech company was making “pretty good progress” in its legal battle with the United States Securities and Exchange Commission (SEC). He expects to reach a conclusion in 2022. Ripple Takes The Upper Hand In an interview for CNBC, Brad Garlinghouse opined that the legal lawsuit versus the SEC is going in favor of Ripple. However, the case is unlikely to be solved by the end of 2021 due to its specifics:  “We’re...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 XRP’s price is currently consolidating above the key support level at $1. The momentum in the market has reduced, and XRP volatility has been low in the past few days. This is an expected pause after the broad market correction from last week. The key resistance continues to be at $1.2 and might not be tested any time soon since XRP price action shows some indecision on the way forward. Chart by TradingViewTechnical...