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Tag Archives: XRP Analysis

Ripple Seems Primed for a Drop to $0.5, But Will the Bulls Retaliate? (XRP Price Analysis)

Ripple’s price has been consolidating against USDT while consistently dropping lower against BTC. Things might get even worse in the short term if nothing changes from a technical analysis aspect. Technical Analysis By TradingRage The USDT Paired Chart On the daily chart, the price has been testing the higher boundary of the large descending channel and the 200-day moving average around the $0.55 price mark. However, the 200-day moving average has rejected the price to the...

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Massive XRP Move Incoming Following 7% Weekly Push? (Ripple Price Analysis)

XRP’s price has been confined within a multi-month sideways triangle pattern, recently converging at a pivotal resistance area near the 200-day moving average and the triangle’s tightening range. As a result, a breakout seems imminent, poised to determine Ripple’s future trajectory. By Shayan The Daily Chart An analysis of the daily chart unveils XRP’s gradual ascent, resulting in its encounter with a critical resistance zone. It encompasses the significant 200-day moving...

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Crypto Price Analysis Feb-9: ETH, XRP, ADA, SOL, and BNB

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum ended the week on a high note with a 9% price increase, making it one of the best performers on our list. In the process, ETH broke the resistance at $2,441 and turned it into support. The current target of this rally is $2,506, which is the next key level on the chart. If the second-largest cryptocurrency breaks that level as well, then it has a clear path...

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Here’s When XRP Can Surge to $0.6 as Crypto Markets Recover (Ripple Price Analysis)

Ripple has been enduring a consistent downtrend characterized by low volatility and a lack of momentum in its price movement. However, it has recently found itself at a pivotal support region near the $0.50 mark, potentially poised for a phase of sideways consolidation before its next significant move. By Shayan The Daily Chart Upon a close examination of the daily chart, Ripple’s price trajectory reveals a gradual decline, resulting in its arrival at a crucial support...

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Crypto Price Analysis Feb-2: ETH, XRP, ADA, SOL, and BNB

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

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How Low Will XRP Crash if $0.5 Fails? (Ripple Price Analysis)

Ripple’s recent downtrend has persisted, resulting in the price falling below both the 100 and 200-day moving averages. Despite this decline, XRP has reached a substantial support region, marked by the triangle’s lower boundary at $0.5, and a short-term reversal is anticipated. By Shayan The Daily Chart A thorough examination of the daily chart reveals a pronounced decline in Ripple’s price, ultimately leading to its arrival at a critical and decisive support region. This...

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Is XRP on the Verge of a Massive Bounce? (Ripple Price Analysis)

Ripple’s price has been confined within a symmetrical triangle pattern since the latter half of 2023. However, a recent sharp decline has brought the price to the lower boundary of the triangle, where it may find support in the coming days. The subsequent breakout from this triangle pattern will play a pivotal role in shaping Ripple’s future prospects. By Shayan The Daily Chart A comprehensive analysis of the daily chart shows a noticeable downturn in Ripple’s price,...

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How Low Can XRP Plummet if $0.50 Support is Lost? (Ripple Price Analysis)

Ripple’s price is continuing its downward momentum on both the USDT and BTC pairs. According to technical analysis, the price is yet to reach a potential turning point on either chart. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Paired Chart Against USDT, the price has been trapped inside a descending channel over the last few months. Since the breakdown of the 200-day moving average (currently located around the $0.60 mark), the market has been dropping...

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XRP Bears Target $0.5 as Bulls are Nowhere to be Seen (Ripple Price Analysis)

Ripple’s price action against both USDT and BTC has been bearish for the last few months. Analyzing the charts might provide clues on the potential direction of the market in the short term. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Paired Chart Against USDT, XRP has been on the decline since getting rejected from the resistance $0.7 level. The price has been trapped inside a descending channel, failing to break it to the upside on multiple occasions....

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Calm Before the Storm? XRP Looking Primed for Big Move But Which Way? (Ripple Price Analysis)

Ripple has recently faced heightened selling pressure, propelling the price below a crucial support region that includes the wedge’s lower boundary and the 100-day and 200-day moving averages. However, a completed pullback has recently emerged, confirming the validity of the breakout. By Shayan The Daily Chart The daily chart reveals a pronounced drop in Ripple’s price, breaching its multi-month sideways consolidation range. This occurrence initiated a substantial number of...

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