Tag Archives: Ripple (XRP) Price

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 The market is thirsty for discounts, and XRP was not spared. After the drop from $1.2, the cryptocurrency found good support at $1. However, the bears do not seem satisfied, and they are attempting another push lower at the time of this writing. Should they be successful, the bulls have another line of defense at $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume has remained considerable since...

Key Support levels: $1 Key Resistance level: $1.2 Unfortunately, the bulls were unable to sustain the XRP price above $1.2, and it was pushed lower towards the support level at $1 during today’s market downturn. For this reason, the previous support at $1.2 has turned into resistance. $1 remains a strong level, and it would be quite surprising to see the price close below it in the near term. Chart by TradingViewTechnical Indicators Trading Volume: Volume increased on this...

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that...

Key Support levels: $1.13; $1.06 Key Resistance level: $1.2; $1.4 As predicted in our last analysis, XRP rallied to $1.2 but was then quickly rejected by the bears and pushed lower to the support at $1.13. This shows that the bulls still do not have enough strength to sustain a rally. For now, the support level holds and may lead to another attempt from bulls to break above $1.2. If successful, this can push XRP higher towards $1.4. Chart by TradingViewTechnical Indicators...

Key Support levels: $1.12; $1.06  Key Resistance level: $1.2; $1.4 XRP has finally managed to break above the pennant in blue with a nice rally of around 5%. The resistance at $1.2 is holding XRP back right now, but this level should not pose a lot of difficulty for bulls. If successful, the true test will come at $1.4, which is the most important resistance right now.  Should the bulls slip and lose control, the nearest support is not far below right now at $1.12. Chart by...

Following a 20% rally that led XRP to reach $1.15, the price was quickly rejected back to a critical support line. Ripple will look for another opportunity to break above the crucial resistance of $1.2. Key Support levels: $1.06, $0.96 Key Resistance level: $1.2 Following the drop that took place on the 27th of October, XRP entered a sustained mini-rally in the following days increasing by 20% and reaching almost $1.20 per coin. The latter acts as a key resistance. The price...

This week was very intense in terms of price action, and we take a look at Ethereum, Cardano, Ripple, Shiba, and Doge. Ethereum After a lot of anticipation, Ethereum has finally managed to set a new all-time high today. At $4,400, this new peak is a bit of a disappointment considering the previous one was at $4,380. The bulls did not have the strength to push higher, but this may change in the following week. Overall, another good week for ETH with a 6.3% rally. Chart by...

Key Support level: $1; $0.97 Key Resistance level: $1.2  In the last three days, the XRP price has been hovering just above $1. Any pullbacks were quickly defended by the bulls, who have so far managed to keep XRP above this important level. The XRP price action has been very quiet in the last few days, indicating that a break from the descending triangle (in blue) can be imminent. Usually, volatility always fades before a major break. Right now, the support at $1 is holding...

Ethereum This week, Ethereum managed to rally over 8.5% and nearly touched the all-time high at $4,380, missing it by $5 (Bitstamp). The momentum remains bullish and the price is in a steep uptrend as shown by the trendline which is currently acting as support around $4,000. A break below this level can push ETH back to the next support found at $3,500. The resistance at $4,380 continues to hold, at least until another attempt is made by the bulls to break it. Considering...