Tag Archives: XRP Analysis

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push...

XRP/USD – Bulls Struggle To Spike Past $0.6. Key Support Levels: $0.556, $0.52, $0.5.Key Resistance Levels: $0.588, $0.6, $0.65. XRP has been performing well over the second half of March after climbing by 45% from the monthly low of $0.4 to reach the current $0.58 level. The cryptocurrency has formed a rising wedge pattern as it battles to break the upper boundary. It has been spiking higher over the past week, briefly pushing above $0.6 four times during the period....

XRP/USD – Bulls Break Back Above 2019 HighsKey Support Levels: $0.5, $0.453, $0.42.Key Resistance Levels: $0.556, $0.588, $0.6.XRP is in full recovery mode after surging by a total of 5.5% today to break the 2019 highs at $0.556 and reach $0.6. XRP is now up by a total of 30% this week, making it the second-highest performing top-10 ranked cryptocurrency behind Theta (+75%).The cryptocurrency had penetrated above a falling wedge pattern over the weekend as it pushed to break resistance at...

XRP/USD – Bulls Finally Break Back Above $0.5.Key Support Levels: $0.5, $0.453, $0.42.Key Resistance Levels: $0.556, $0.588, $0.6.Since mid-February, XRP was trading inside a falling wedge pattern after dropping from resistance near $0.65. The cryptocurrency attempted to break above the upper boundary of this wedge in the first fortnight of March but failed to overcome resistance at $0.5.As a result, XRP went on to drop further straight into support at the 100-day EMA before bouncing higher....

We saw a rollercoaster of price action over the past seven days as Bitcoin went to set a new all-time high slightly below $62K, only to retrace to about $53K a couple of days later. Most of the altcoins followed suit, though some came out of it better than others.BitcoinBitcoin is up by a small 2% over the past week as it trades at the $59,000 level. The cryptocurrency had surged higher last weekend to set a new ATH at $61,781. It was trading inside an ascending price channel for the majority...

XRP/USD – Bulls Continue Battle To Break Falling Trend Line.Key Support Levels: $0.453, $0.42, $0.4.Key Resistance Levels: $0.5, $0.556, $0.6.XRP has been trading inside a falling wedge pattern for the past month as it struggles to break the upper boundary of the formation. It had rebounded from the lower boundary of the wedge at the start of March but failed to surpass $0.5, the upper boundary, over the past fortnight.XRP fell beneath support at $0.453 (.5 Fib) as it dropped to $0.4 (.618...

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

XRP/USD – Bullish attempt to surpass $0.5 continues.Key Support Levels: $0.45, $0.41, $0.4.Key Resistance Levels: $0.5, $0.556, $0.6.XRP is currently trading inside a falling wedge pattern as it attempts to break the upper boundary. The coin had dropped lower from $0.56 in the last days of February as it collapsed into the support near $0.4 (the 100-day EMA line).It then rebounded from $0.4 at the beginning of this month and has since found solid support at $0.45 (.5 Fib) over the past six...

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

XRP/USD – Bulls Find Support At .618 FibKey Support Levels: $0.4, $0.35, $0.327.Key Resistance Levels: $0.45, $0.5, $0.556.At the start of last week, XRP was looking promising, reaching as high as $0.685 (1.272 Fib Extension). However, things changed quickly as soon enough the coin had dropped to around $0.56.From there, XRP started to head lower throughout the week as the overall market saw a downturn. It quickly collapsed beneath $0.5 and continued until the market found support at $0.4,...