Tag Archives: XRP Analysis

Over the last 24 hours, XRP holders have been surprised by fundamentally positive news. The Ripple foundation will claim that the SEC had failed to inform that XRP could potentially violate U.S. law. Accordingly, the SEC’s actions to strike Ripple’s fair affirmative defense are denied. The following analysis aims to speculate the price reaction to this news. Technical Analysis by Grizzly The Daily Chart Ripple (XRP) was one of the Altcoins to form higher lows after the crypto...

Key Support level: $0.70, $0.58 Key Resistance levels: $0.86 XRP’s price managed to hold well above the key support at $0.70, and now the lower timeframes such as 4-hours are turning bullish, which can lead to a short relief rally. It is unlikely for the price to reach the key resistance at $0.86, but this is a good sign for bulls. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains low, so it’s best to be careful during any relief rally as it may trap...

Key Support level: $0.70, $0.58 Key Resistance levels: $0.86 XRP’s price found good support at $0.70, where buyers managed to hold the selloff from the previous week. Since then, it has stayed above this level but failed to rally much higher, with the key resistance at $0.86 being well-defended by bears. For this reason, XRP continued to move sideways in a flat trend. Chart by TradingViewTechnical Indicators Trading Volume: The volume is decreasing, which is not encouraging...

Key Support level: $0.70, $0.58 Key Resistance levels: $0.86 After a strong bounce, XRP managed to get back above the key support at $0.70. This is a good sign and shows buyers are keen to scoop the cryptocurrency at a discount. Now, XRP seems keen to move higher again. If buy pressure increases, it could reach the resistance at $0.86. Chart by TradingViewTechnical Indicators Trading Volume: The volume is quickly falling. This could be a sign that buyers are getting...

Key Support level: $0.70 Key Resistance levels: $0.75, $0.96 This latest drop in XRP turned the indicators bearish. However, the key support at $0.70 has held well, and now the price appears to recover. It’s important to see how far it can go before facing resistance. Key levels to watch include $0.75 and $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume during the last drop was high, but now buyers have come back in force, which pushed the price...

Key Support level: $0.70 Key Resistance levels: $0.96, $1 Despite high volatility and bears pushing the market in the red, XRP has managed to remains somewhat stable and continued to consolidate in the blue pennant (represented in blue on the below chart). Price remains in a key range between $0.70 as support and $0.96 as resistance. However, selling pressure is building up, and if XRP buyers can’t absorb it, then the cryptocurrency may fall to the critical support. Chart by...

Key Support level: $0.70 Key Resistance levels: $0.96, $1 XRP has been caught in a large range since a week ago between the key resistance at $0.96 and support at $0.70. After setting a local high at $0.91, the cryptocurrency has been consolidating without sufficient momentum to break away from this range. The current price action has formed a large pennant (represented in blue on the below chart), which is likely to resolve soon. Chart by TradingViewTechnical Indicators...

XRP had seen a green week following a price increase of over 24%. Since yesterday, Ripple has surged by almost 9%. Key Support level: $0.70 Key Resistance levels: $0.96, $1 Ripple’s XRP continued higher during the weekend despite the lower volume and negative crypto sentiment. However, the XRP price has not yet managed to chart a higher high, and the key resistance at $0.96 remains the critical level to watch. In addition, the support at $0.70 has not been retested (and...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days. The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a...

Key Support levels: $0.70 Key Resistance level: $0.96, $1 Ripple’s XRP broke the critical resistance at $0.70 with significant volume yesterday, and the price rallied all the way to $0.91 (Bitstamp exchange). The previous resistance has now turned into support, and the next key levels to watch are at $0.96 and $1. After a sharp rally yesterday, XRP may consolidate or suffer from a temporary pullback in the next few days before testing the $1 level. Chart by...