Tag Archives: XRP Analysis

Ripple seems to have lagged behind the crypto market in the past 20 days and is still trading below resistance. While Bitcoin and Ethereum managed to recover 50% or more from the losses incurred during the downtrend from the all-time high, Ripple regained only 40%, and the recent market structure doesn’t look too promising. Technical Analysis Technical Analysis By Grizzly The Daily Chart: Ripple could not break the horizontal resistance on the daily timeframe, the...

Ripple has been in a downward trend over the past eleven months. This comes shortly after topping at almost $2. Despite this week’s green candle so far, the daily candles have not shown any strength. The Daily Chart Technical Analysis By Grizzly Ripple is trading below the EMA200 line (marked by white) on the daily timeframe, which has provided resistance for the recent months, and currently lies at $0.85. Going forward, the primary key level is the static resistance at $1...

Ripple’s price is facing some technical challenges on the way up. It did not live up to expectations, and the recent positive news failed to help much in pushing the price up. The volume is still low, and it seems that investors’ confidence has not been attracted yet. Technical Analysis The Daily Chart: Technical Analysis By Grizzly There are two main trend lines on the daily chart that have accompanied the price since the Covid Crash. The yellow trend line has now become...

Following bitcoin, The crypto market is having a green day so far. Investors who hold altcoins are optimistic and hoping for a trend reversal. The Daily Chart Technical analysis by Grizzly On the daily timeframe, Ripple experienced fluctuations inside its Fibonacci channel over the last two years, starting since the Covid crash in March 2020. The price failed to reach its ATH at $3.3 and began a ‘boring’ correction in May last year. The news regarding the Ripple vs. SEC case...

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...