Tag Archives: XRP Analysis

Ripple’s price action has been choppy lately, especially against USD. Against BTC, though, things are looking interesting in the short term. Technical Analysis By: Edris XRP/USDT Daily Chart: Against USD, the price has been consolidating in a narrow range between $0.45 and $0.5. The 50-day moving average, currently around $0.5, is currently pushing the cryptocurrency lower. If XRP drops toward the $0.43 level, the 200-day moving average near that price is expected to provide...

After forming a bearish double-top pattern and undergoing a period of consolidation, Ripple’s price struggled to break below the 100-day moving average. However, it finally declined below the moving average, reaching $0.44. This decline indicates a bearish outlook for Ripple’s short-term prospects. Technical Analysis By Shayan AThe Daily Chart Upon analyzing the Daily Chart, it becomes evident that Ripple’s price exhibited high volatility around the crucial resistance level...

Ripple’s price has remained relatively stagnant, displaying minimal fluctuations within a narrow range for the past couple of weeks. However, the BTC-paired chart offers a more intriguing perspective. Technical Analysis By: Edris XRP/USDT Daily Chart: The price of Ripple has been consolidating above the 50-day moving average against USDT, which is located around $0.48, after facing rejection at the $0.6 resistance level once again. A potential breakdown of the 50-day moving...

Ripple’s price has remained stagnant and lacks bullish momentum, as it has been in a consolidation phase for several months. The situation is similar when trading against Bitcoin. Technical Analysis By: Edris XRP/USDT Daily Chart: Ripple’s price faced strong rejection at the $0.6 resistance zone a few weeks ago. Currently, the cryptocurrency is finding support at the $0.49 level, where the 50-day moving average is located. If this level is breached, the next targets would be...

Ripple’s price has encountered significant resistance, which threatens the continuation of its recent rally. However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place – at least from a technical analysis standpoint. Ripple Price Technical Analysis By: Edris XRP/USDT Daily Chart: XRP’s price has been unable to surpass the $0.55 level, leading to a period of trading below...

This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon. Ripple (XRP) Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today. This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers...

After breaking above both the 100-day moving average and the descending trendline, XRP has initiated a solid upward trend, reaching a significant resistance region at $0.55. The price action in this crucial zone will play a vital role in determining Ripple’s future direction. Technical Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, once the price surpassed the 100-day moving average at $0.44, it went through a brief correction, testing the moving...

In recent weeks, Ripple’s price has displayed an upward trend, recovering from a notable support level. However, there is still a crucial resistance level that must fall for the market to enter a bullish phase in the coming months. Technical Analysis By: Edris XRP/USDT Daily Chart: The XRP price has consistently increased after bouncing back from the $0.43 support. This level has also been reinforced by the 200-day moving average, while the price has surpassed the 50-day...

Ripple’s price has shown bullish movement in recent weeks. However, there is a notable resistance level that needs to be overcome before a more sustained rally can be anticipated. Technical Analysis By: Edris XRP/USDT Daily Chart: XRP has displayed a consistent upward trend after being rejected from the 200-day moving average of around $0.4. Additionally, it has surpassed the 50-day moving average of around $0.45 and appears to be targeting the resistance zone at $0.6 in the...

Ripple’s overall outlook currently appears optimistic, with recent price movements indicating a bullish trend. Notably, the cryptocurrency has found support at both the 100-day and 200-day moving averages and has continued to rise. As a result, there is potential to target the significant resistance at the $0.55 region. Technical Analysis By Shayan The Daily Chart After a period of consolidation and correction, the price found support around $0.41, which coincided with the...