Tag Archives: XRP Analysis

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89 Ever since XRP was rejected by the $1 resistance, the price went through a continuous decline which was exacerbated by the market crash on Saturday. The support at $0.89 was turned into resistance during the crash, and the next key support level is found at $0.75. Despite this painful downtrend, XRP’s price action seems to indicate that the bulk of this correction may approach the end. Particularly because the...

Key Support levels: $0.89 Key Resistance level: $1 The bulls did not have enough strength to keep XRP above $1 despite a worthy attempt two days ago. Price only spent a day above $1 before losing this level. Since then, the cryptocurrency has been falling towards the support at $0.89, and $1 remains the key resistance. This shows that bears continue to control the price action. Until bulls reclaim and hold prices above $1, XRP is unlikely to draw much attention from the...

Key Support levels: $0.89 Key Resistance level: $1 On 26 November, XRP broke below $1 – following our analysis at the time that anticipated a significant move. With this breakdown, bulls lost a key support level as the $1 level turned into resistance. The drop in price found good support at $0.89, and XRP is currently attempting a recovery back to $1. It’s interesting to see if the cryptocurrency will recover above this level on its first attempt, as it seems likely that...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 XRP’s price is currently consolidating above the key support level at $1. The momentum in the market has reduced, and XRP volatility has been low in the past few days. This is an expected pause after the broad market correction from last week. The key resistance continues to be at $1.2 and might not be tested any time soon since XRP price action shows some indecision on the way forward. Chart by TradingViewTechnical...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 The market is thirsty for discounts, and XRP was not spared. After the drop from $1.2, the cryptocurrency found good support at $1. However, the bears do not seem satisfied, and they are attempting another push lower at the time of this writing. Should they be successful, the bulls have another line of defense at $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume has remained considerable since...

Key Support levels: $1 Key Resistance level: $1.2 Unfortunately, the bulls were unable to sustain the XRP price above $1.2, and it was pushed lower towards the support level at $1 during today’s market downturn. For this reason, the previous support at $1.2 has turned into resistance. $1 remains a strong level, and it would be quite surprising to see the price close below it in the near term. Chart by TradingViewTechnical Indicators Trading Volume: Volume increased on this...

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that...

Key Support levels: $1.12; $1.06  Key Resistance level: $1.2; $1.4 XRP has finally managed to break above the pennant in blue with a nice rally of around 5%. The resistance at $1.2 is holding XRP back right now, but this level should not pose a lot of difficulty for bulls. If successful, the true test will come at $1.4, which is the most important resistance right now.  Should the bulls slip and lose control, the nearest support is not far below right now at $1.12. Chart by...

Following a 20% rally that led XRP to reach $1.15, the price was quickly rejected back to a critical support line. Ripple will look for another opportunity to break above the crucial resistance of $1.2. Key Support levels: $1.06, $0.96 Key Resistance level: $1.2 Following the drop that took place on the 27th of October, XRP entered a sustained mini-rally in the following days increasing by 20% and reaching almost $1.20 per coin. The latter acts as a key resistance. The price...