Tag Archives: Ripple (XRP) Price

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...

Ripple has been in a downward trend over the past eleven months. This comes shortly after topping at almost $2. Despite this week’s green candle so far, the daily candles have not shown any strength. The Daily Chart Technical Analysis By Grizzly Ripple is trading below the EMA200 line (marked by white) on the daily timeframe, which has provided resistance for the recent months, and currently lies at $0.85. Going forward, the primary key level is the static resistance at $1...

Ripple’s price is facing some technical challenges on the way up. It did not live up to expectations, and the recent positive news failed to help much in pushing the price up. The volume is still low, and it seems that investors’ confidence has not been attracted yet. Technical Analysis The Daily Chart: Technical Analysis By Grizzly There are two main trend lines on the daily chart that have accompanied the price since the Covid Crash. The yellow trend line has now become...

Following bitcoin, The crypto market is having a green day so far. Investors who hold altcoins are optimistic and hoping for a trend reversal. The Daily Chart Technical analysis by Grizzly On the daily timeframe, Ripple experienced fluctuations inside its Fibonacci channel over the last two years, starting since the Covid crash in March 2020. The price failed to reach its ATH at $3.3 and began a ‘boring’ correction in May last year. The news regarding the Ripple vs. SEC case...