Tag Archives: XRP Analysis

Ripple’s price was rejected from a key resistance level a few weeks ago, highlighting indecisiveness. Even so, there is still hope for the bulls that the rally is not over. Technical Analysis By: Edris XRP/USDT Daily Chart XRP’s price failed to break through the $0.55 resistance level and has been dropping since. The 50-day moving average is currently providing support near the $0.46 mark and is closely followed by the 200-day moving average at around $0.41. This confluence...

Ripple went through a considerable increase, but its upward trend slowed down upon reaching the critical resistance level of $0.58. Nevertheless, it appears to have a bullish perspective on the weekly timeframe. Technical Analysis By Shayan The Weekly Chart After a significant spike, XRP has successfully broken through the multi-year descending trendline, a key level on the weekly timeframe, providing a positive market sentiment. However, the price now faces two substantial...

Ripple attempted to exceed the significant resistance region of $0.58 but was rejected, leading to a slight decline. However, there is a decisive support zone ahead at the $0.48 area, and the upcoming price action will determine the short-term outlook. Technical Analysis By Shayan The Daily Chart Following a sharp surge in value, XRP has broken through several significant barriers, strengthening its outlook. However, the price’s upward momentum lost steam when it encountered...

Ripple’s price was rejected after attempting to reclaim the significant resistance region of $0.55 and is currently consolidating. However, it faces a crucial support zone, and the upcoming action will determine Ripple’s short-term outlook. Technical Analysis By Shayan The Daily Chart After a sudden increase in value, the cryptocurrency’s price successfully surpassed several significant barriers, creating a positive outlook for the future. However, the upward momentum slowed...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued to move up this week and managed to book a 3.5% price increase. In the process, ETH broke the key resistance at $1,800, which is now acting as support. The next resistance is found at $2,000, and it represents a major psychological level that will likely attract sellers and profit-takers. Momentum continues to favor buyers at this time, but it’s best to...

After going through an impulsive bullish rally, Ripple has broken through several resistance levels, such as the 50-day moving average, the multi-month triangle pattern, and its previous major swing highs. However, the price now faces a significant decisive resistance zone at $0.55. Technical Analysis By Shayan The Daily Chart Following an impulsive spike, the price has claimed many critical resistance levels, creating a bullish sentiment for the cryptocurrency. However,...

Ripple’s price has surged in recent weeks, following a breakout above the significant $0.43 resistance level. However, it may be too early for the bulls to celebrate the end of the bear market, as warning signals are emerging. Technical Analysis By: Edris XRP/USDT Daily Chart: The price has risen almost vertically in the past few weeks, following a breakout above the $0.43 level and both the 50-day and 200-day moving averages, which are located around the $0.4 mark. These...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Litecoin. Ethereum (ETH) Ethereum decided to range this week and booked a slight loss of 1.4%. This flat trend could not muster the energy to hold the price above $1,800, which is the current key resistance. The support is at $1,700, and bulls have done a good job defending this level to date. Therefore, any pullback should find buyers here if the price falls again. Looking ahead, ETH has lost some of...

Ripple’s price has rallied violently over the past few days, breaking multiple significant resistance levels against both USDT and BTC. However, the price is currently struggling at a key level. Technical Analysis By: Edris XRP/USDT Daily Chart: XRP’s price has risen rapidly since breaking the $0.43 level to the upside and retesting it. Ripple is currently trading at around $0.54 per coin and has finally reached the key $0.55 resistance area. However, the price is seemingly...

Ripple’s price has broken above a critical resistance level on the XRP/USD paired chart, which could initiate a rally in the coming days. Yet, it could still be too early to state that the bear market is over. Technical Analysis By: Edris XRP/USD Daily Chart On the USDT paired chart, the price has broken above the 50-day and 200-day moving average lines, along with the critical $0.43 resistance level. The breakout comes after months of consolidation. However, the price is now...