Tag Archives: XRP Analysis

Ripple’s price action has been far from convincing lately, as the cryptocurrency has been rejected from a key resistance level against the USD. XRP is also in a downtrend on the BTC paired chart, making things worse. Technical Analysis By: Edris XRP/USDT Daily Chart: On the XRPUSDT chart’s daily timeframe, the price has been rejected from the $0.43 level multiple times and is currently oscillating between the 200-day and 50-day moving averages located around $0.395 and $0.385...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%. the current PA shows that buyers are becoming eager, and the key resistance is being tested again and again. The more this happens, the likelier it becomes for ETH to break above and move higher. Looking ahead, ETH has good...

Ripple’s price has been trapped inside a static range between $0.42 and $0.31 and is struggling to break ou. A consolidation stage within this range could be imminent as the cryptocurrency was recently rejected from a vital resistance level. Technical Analysis By Shayan The Weekly Chart Since 2021, Ripple has been declining, forming a falling wedge pattern on the weekly timeframe. Recently, the price experienced a slight plummet after being rejected from the wedge’s upper...

Ripple’s price has struggled to break the significant descending trendline at $0.42 and is consolidating. However, it now faces the critical support level of the 200-day moving average. Technical Analysis By Shayan The Daily Chart Ripple’s price action has been dull after failing to surpass the $0.42 substantial resistance level, which also aligns with the descending trendline. The price plummeted slightly and reached the 200-day moving average at $0.395. Therefore, the...

XRP’s price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price has been consolidating in a tight range below the $0.43 resistance level for quite a while. The 200-day moving average, located around $0.4, has been...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This...

Presently, XRP’s price action is not looking overly promising against either USDT or BTC. Things could worsen in the coming days if all remains as it is right now. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price continues its struggle to break above the $0.43 resistance level, following a push above both the 50-day and 200-day moving average lines. In case the cryptocurrency finally moves beyond the aforementioned level, a rally toward the...

Ripple is aiming for higher price levels as the market experienced another uptrend over the previous week. The trend’s momentum looks promising, yet the price must first surpass the crucial resistance level of $0.43. Technical Analysis By Shayan The Daily Chart After a short-term consolidation at the $0.39 level, the price finally broke the 100-day and 200-day moving average lines with significant momentum and continues to spike. A breakout from the 200-day moving average is...

Ripple’s price has been on the rise over the last couple of weeks following Bitcoin’s rally. However, there are still significant resistance levels that should be claimed before a bullish shift in the market structure takes shape. Technical Analysis By: Edris XRP/USDT Daily Chart: On the daily USDT chart, the price has been rallying following a rebound from the critical $0.3 level earlier in the month. Ripple is currently trapped between the 50-day and 100-day moving...

After four straight weeks of price fluctuation with extremely low volatility, XRP finally initiated a rally and broke above the 50-day moving average. However, the uptrend came to a halt after reaching the 100-day moving average, and the price is now attempting to surpass it. Technical Analysis By Shayan The Daily Chart The 50-day moving average had been acting as resistance to the price for several months. However, the bulls recently pushed the price above this range. This...