Tag Archives: XRP Analysis

BitcoinAfter a substantial 44% price surge this week, Bitcoin continued to set new ATH prices today at $42,000. The cryptocurrency started the year off underneath the $30,000 level after a strong performance in December 2020.From there, it broke $30,000 last Saturday as it continued to push higher. On Monday, there was a brief spike lower toward $28,000, but this was quickly bought up as traders closed that daily candle above $32,000.Throughout the rest of the week, BTC continued to set new...

XRP/USD – Bulls Initiate Rebound From November LowsKey Support Levels: $0.3, $0.281, $0.262.Key Resistance Levels: $0.358, $0.38, $0.4.After the disastrous trading action in December, in which XRP fell by over 70%, the coin managed to hold above the November 2020 lows at $0.22 for the first week of January. Yesterday, XRP started to push higher above this support to reach $0.25.Today, XRP exploded from $0.25 as it surged past $0.3. It continued to break above the Feb 2020 highs at $0.35 until...

XRP/USD – Bulls Defending $0.22 Support So Far In JanuaryKey Support Levels: $0.22, $0.2, $0.171.Key Resistance Levels: $0.25, $0.285, $0.3..After a disastrous end to 2020, in which XRP tanked by a severe 75%, following the SEC lawsuit, the coin attempts to establish a strong support base at $0.22 (November 2020 lows). So far, it has closed each daily candle above this level in January.The cryptocurrency did spike beneath $0.2 on three occasions this month, but the bulls regrouped to bring...

BitcoinBitcoin set a new ATH today at $29,688 (Coinbase) after seeing a 23% price hike over the past week. The coin penetrated beyond $24,000 last Friday and continued higher over the weekend. On Wednesday, Bitcoin continued to surge beyond $28,000 and continued over the following days to set the new ATH today.With the recent bullish momentum in the market, Bitcoin could beyond the coveted $30,000 over the next week.Looking ahead, the first level of resistance lies at $30,000. This is...

XRP/USD – Bulls Attempting To Recover Above November 2020 LowsKey Support Levels: $0.2, $0.171, $0.14.Key Resistance Levels: $0.254, $0.3, $0.325.A couple of days ago, XRP spiked beneath $0.2 to hit the July 2020 lows at $0.171. By the end of the day, the buyers regrouped to allow the daily candle to close above the November 2020 lows at $0.219.Yesterday, XRP penetrated beneath the November 2020 lows. Its daily candle eventually closed at $0.21. Today, after a brief spike back into $0.2, the...

XRP/USD – XRP Hits 5-Month Lows With Drop Beneath $0.2Key Support Levels: $0.19, $0.18, $0.171.Key Resistance Levels: $0.2, $0.215, $0.25.XRP plummeted into the $0.25 support last week after the announcement was made that the SEC would be suing Ripple. Many analysts hoped that the $0.25 support would hold but XRP went on to fall beneath here today after Coinbase announced they would be suspending XRP trading on its platform.Today, XRP fell beneath the November 2020 lows at $0.215 and...

BitcoinBitcoin saw a further 7.5% price surge over the past week, with today’s 5% price hike putting it at a new ATH of $24,660. The cryptocurrency had penetrated above  $20,000 on December 16th, and it continued to rise last week until it met resistance at $23,853 (1.618 Fib Extension – purple).The buyers struggled to break this resistance over the last few days as it went on to trade sideways between $23,853 and the support at $22,708 (.236 Fib Retracement).Bitcoin rebounded from the lower...

XRP/USD – XRP Attempting To Hold $0.255 SupportKey Support Levels: $0.3, $0.286, $0.25.Key Resistance Levels:$0.35, $0.4, $0.435.Yesterday, XRP suffered a disastrous 52% on the news that the company was being sued by the SEC. The coin dropped beneath $0.5 on Tuesday and went on to break beneath $0.4 yesterday to spike as low as $0.215, where it found support at the November 2020 lows.Luckily, the buyers bounced higher from the November 2020 lows to close the daily candle at the $0.255 level....

XRP/USD – XRP Drops To 200-Days EMA SupportKey Support Levels: $0.3, $0.286, $0.25.Key Resistance Levels: $0.35, $0.4, $0.435.Yesterday, XRP dropped below $0.5 and penetrated beneath a symmetrical triangle pattern to meet the $0.45 support. It did spike much lower yesterday as it hit the 100-day EMA; however, the buyers regrouped to allow the daily candle to close above $0.45.Today, XRP continued to fall by another 27.5% as it plummeted beneath $0.4 (100-day EMA) and carried on dropping below...

XRP/USD – XRP Rangebound Between $0.65 and $0.435Key Support Levels: $0.45, $0.43, $0.4.Key Resistance Levels: $0.556, $0.6, $0.648.Throughout the December period, XRP has been trapped between $0.65 and $0.43. It reached the lower boundary of this range last week and proceeded to bounce from the support provided by a .618 Fib Retracement.After rebounding, XRP started to climb higher but could not close a daily candle above $0.58. As a result, XRP rolled over during the weekend and fell...