Tag Archives: Ripple (XRP) Price

Shortly after reaching a new three-month high of over $48,000, bitcoin retraced rapidly and lost over $2,000 in hours. Most altcoins are also in the red, with the apparent exception of Ripple. XRP has surged by 60% in a week to a record of its own at $1.3. Red Among Alts, But Not XRP The alternative coins enjoyed the past several days with impressive gains. Ethereum led the charge by surging past $3,300. Thus, ETH nearly doubled its value since the July 20th dump. However,...

Bitcoin Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern. Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750. It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and...

XRP/USD – XRP Slips Back Below $1 Key Support Levels: $0.932, $0.88, $0.8282.Key Resistance Levels: $1, $1.10, $1.21. Since breaking the bullish flag pattern at the start of August, XRP climbed above the 200-day MA and the 2020 highs of $0.8282 to hit the 100-day MA. The 100-day MA was finally breached yesterday after Ripple announced a partnership with GME Remittance. The partnership caused XRP to surge beyond the 100-day MA at $0.88, break $1, and reach as high as $1.10....

XRP/USD – XRP Breaks Bullish Flag And Pokes Above 2020 Highs Key Support Levels: $0.8, $0.78, $0.7.Key Resistance Levels: $9.8282, $0.89, $1. XRP formed a bullish flag last week after retracing from the 200-day MA resistance at the end of July. The breakout of this flag pattern occurred over the weekend, which allowed it to break above resistance at $0.781 (bearish .236 Fib), climb above the July high, and poke beyond the 2020 high at $0.8282. The 4-hour chart shows the...

Bitcoin Bitcoin surged 8% today as it reclaims $40K but is just up 2% on the week. Last Friday, Bitcoin was trading inside an ascending price channel as it breached the January 2021 high at $42,000 to reach as high as $42,400 over the weekend. From there, BTC rolled over and broke beneath the ascending price channel on Monday. It then traded downward inside a descending wedge formation – best seen on the 4-hour chart. This wedge saw the price of BTC being driven lower until...

XRP/USD – XRP Forms Bullish Flag Pattern. Key Support Levels: $0.7, $0.658, $0.6.Key Resistance Levels: $0.72, $0.828, $0.9. XRP performed well in the final weeks of July as it surged inside an ascending price channel, allowing it to reach the 200-day MA at $0.78. Unfortunately, it has since been unable to overcome the 200-day MA in August and has since started to retrace to $0.7. The market has now formed a bullish flag pattern as the buyers attempt to defend the lower angle...

XRP/USD – XRP Struggles With 200-day MA Resistance Key Support Levels: $0.71, $0.667, $0.638.Key Resistance Levels: $0.781, $0.828, $0.89. This week’s 21.5% surge for XRP saw the coin climb above the 20-day MA around $0.6 to reach the current $0.74 level. It broke above a descending wedge formation over the past fortnight and started to surge inside an ascending price channel. The price channel allowed XRP to break the 50-day MA last week, but the coin is now struggling to...

Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level for the first time since May and continued to hit the $40k resistance. It did spike above $40K, reaching $40,500 (bearish .382 Fib) but...

XRP/USD – XRP Hits 200-day MA. Key Support Levels: $0.7, $0.679, $0.6.Key Resistance Levels: $0.768-$0.782, $0.8282, $0.9. XRP saw an impressive 10% gain today after announcing a remittance corridor between Japan and the Philipines. It had surged up to 15% but has since retraced a bit. In addition, the coin managed to break the 20-day MA level at $0.6 on Monday and has since continued above it. Before this, XRP was trading inside a descending wedge formation which was...

XRP/USD – XRP Hits 50-day MA. Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.69, $0.71, $0.77. XRP was trading inside a descending price channel since the start of June. However, the coin finally managed to break toward the upside last Thursday and hit the 20-day MA around $0.6 on Friday. Over the weekend, XRP battled with the 20-day MA but could not overcome it until today, when XRP surged 10%. The coin reached as high as $0.696 but found resistance at the...