Tag Archives: XRP Analysis

Ripple’s price has been gradually declining over the past few days, and the situation does not look promising for XRP at the moment. Technical Analysis By Edris The USDT Paired Chart On the USDT-paired chart, the price has been struggling to rebound after the recent drop from the $0.9 resistance level. The 200-day moving average, located around the $0.5 mark, is also failing to hold the market, as the price has been closing below it in recent days. Considering the current...

After a period of steady price movements, Ripple has finally moved – toward a bearish trajectory. This decline has led to a breakdown below a critical support zone defined by the 200-day moving average. Technical Analysis By Shayan The Daily Chart A closer look at the daily chart shows a notable drop in XRP price due to elevated selling pressure and an increasing bearish sentiment. The price slipped beneath the crucial 100-day MA at $0.55, reaching the 200-day moving average...

Ripple’s price shows bearish signs; if the current key support level breaks – the drop could escalate even faster. Technical Analysis By Edris The USDT Paired Chart On the USDT paired chart, the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level. On the other hand, if the price...

Ripple’s price movement has been relatively stagnant, following a cascading downward trend. This decline led the price to a robust support area represented by the 200-day moving average. Technical Analysis By Shayan The Daily Chart Looking at the daily chart, the increased selling pressure and bearish sentiment are evident, resulting in a significant price decrease. This downward movement has disrupted the previous bullish trend and led to an extended rejection. Consequently,...

Ripple’s price is currently correcting after a significant surge following the win against SEC. However, there is little reason for concern as there are multiple support levels nearby. Technical Analysis By: Edris XRP/USDT Daily Chart: Against USDT, the price has been constantly declining after being rejected from the $0.9 resistance level. The market is likely targeting the 50-day moving average around the $0.6 support level. The 200-day moving average trending near the $0.5...

Ripple’s price is currently in a correction phase after a significant spike a few weeks ago. Nonetheless, there are several support levels against both USDT and BTC. Technical Analysis By: Edris XRP/USDT Daily Chart: On the daily timeframe of the USDT paired chart, the price has recently been rejected from the $0.9 level and is currently declining. The $0.6 support level and the 50-day moving average located around the same area are probable targets for a deep pullback....

Ripple faced strong rejection when attempting to breach the significant resistance region at $0.55. Currently, it’s challenging to identify Ripple’s direction due to the choppy price action. The most likely scenario seems to be a consolidation phase for the mid-term. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart reveals that Ripple faced significant rejection upon reaching the crucial resistance zone at $0.85. This indicates robust selling pressure...

After a sudden surge, Ripple’s price has reached a critical resistance region, which represents its previous major swing high formed in late April. However, after such an explosive move, it’s typical for the price to enter into consolidation. Technical Analysis By Shayan The Daily Chart Upon analyzing the daily chart, it becomes evident that Ripple experienced a significant price jump after finding support at the 100-day moving average. However, it now confronts a significant...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polygon. Ethereum (ETH) Ethereum has shown indecision in the past week. This allowed sellers to take over the price action, which ended the week with a 5% loss. Despite this correction, the cryptocurrency remains above the key support at $1,820. The current resistance is found at $2,000. ETH tried several times to turn this key level into support, but buyers were not strong enough, and the price fell...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market turned bullish yesterday, and Ethereum broke above $2,000. This allowed it to book a respectable 7% price increase this week. The momentum is bullish, and continuation seems likely. The current resistance is found at $2,120 and represents a local high achieved in April which is also the last time ETH broke above $2,000. A second attempt to break this key level...