Tag Archives: XRP Analysis

This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies.BitcoinBitcoin has seen a turbulent week in which the price dropped to the current $48,000 level. The cryptocurrency was trending higher last week to set a new ATH price above $58,000.However, on Sunday,...

XRP/USD – Bears Starting To Retake ControlKey Support Levels: $0.45, $0.4, $0.36.Key Resistance Levels: $0.5, $0.556, $0.6.XRP had seen an interesting few days this week as it surged as high as $0.685 (1.272 Fib Extension) on Monday when the rest of the market was tumbling. By the end of the day, XRP had dropped back into the $0.56 level to close the daily candle.Yesterday, XRP saw a steep downturn as it dropped beneath $0.5 to reach as low as $0.36. The bulls quickly regrouped and allowed...

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...

XRP/USD – Bulls Back On The OffensiveKey Support Levels: $0.569, $0.505, $0.453.Key Resistance Levels: $0.609, $0.635, $0.675.XRP managed to surge by around 36% this week as the cryptocurrency trades at $0.57. Last week, XRP pushed above a descending trend line that dated back to early December 2020. After breaking this trend line, the coin started to rally, reaching as high as $0.675 yesterday.Unfortunately, it could not close a daily candle above $0.635 and has dropped lower today, spiking...

BitcoinBitcoin is up by a solid 28.2% this week as the coin set a new ATH today at $49,000. The cryptocurrency had penetrated above the previous consolidation pattern at the start of the month and started to push higher over the past week.On Monday, BTC surged from $38,800 to reach the resistance at $46,427 (1.618 Fib Extension – red). There, it established an ascending price channel. It took a couple of days for BTC to break that level.Today, Bitcoin climbed higher to set the new ATH at...

XRP/USD – Bulls Struggling To Break Descending Trend Line Resistance.Key Support Levels: $0.434, $0.4, $0.365.Key Resistance Levels: $0.47, $0.5, $0.556.XRP is up by 25% over the past week of trading. Last week, it surged higher from $0.365 as it pushed into resistance at a descending trend line that dates back to early December. It could not close above this trend line, making XRP roll over during the weekend.Yesterday, XRP spiked as low as $0.365 (.5 Fib), but it quickly recovered and ended...

XRP/USD – Bulls Rebound From $0.365 Support.Key Support Levels: $0.434, $0.4, $0.365.Key Resistance Levels: $0.48, $0.5, $0.556.XRP is now up by a whopping 60% over the past week. The coin had dropped lower from the opening price of $0.5 on Monday as it slipped into the .5 Fib support at $0.365. It managed to hold this support over the past few days until rebounding higher yesterday.It managed to spike as high as $0.5 yesterday but eventually closed the daily candle at $0.45. There is strong...

XRP/USD – Bulls Attempt To Hold $0.37.Key Support Levels: $0.27, $0.35, $0.319.Key Resistance Levels: $0.4, $0.45, $0.5.XRP has been on an epic rollercoaster of the last week of trading. The coin had managed to penetrate above a symmetrical triangle toward the end of January as it started its bullish surge higher toward $0.5.On the 1st of Feb, XRP exploded higher to reach $0.77. However, by the end of the day, it quickly came crashing down as it dropped 52% from the high to close the candle...

XRP/USD: Pump and DumpKey Support Levels: $0.35, $0.319, $0.30.Key Resistance Levels: $0.4, $0.45, $0.5.XRP managed to break the previous consolidation phase over the weekend as it penetrated above a symmetrical triangle pattern. The coin continued to climb after breaking to close the daily candle at $0.5 yesterday.Today, XRP started the day by rising 50% to reach as high as $0.77, in what is suspected to be an organized pump. However, because of that reason, the dump wasn’t late to come.XRP...

XRP/USD – XRP Breaks Symmetrical Triangle.Key Support Levels: $0.35, $0.34, $0.32.Key Resistance Levels: $0.4, $0.417, $0.45.XRP has been trapped in a symmetrical triangle pattern for the entire period of January 2021. The cryptocurrency was holding support at $0.263 (.618 Fib) for the past three weeks but slipped into the lower boundary of the triangle, around $0.25, on Wednesday.From there, it rebounded higher and spiked above the triangle yesterday. However, by the daily candle close, XRP...