Tag Archives: xrpbtc

Ripple is on the verge of breaking the 5-month consolidation range. Doing so could cause the bullish rally we saw last month to resume. Technical Analysis By Grizzly The Daily Chart Although XRP concluded the week with a red candlestick, the daily chart suggests an increase in buying pressure. The cryptocurrency hit the descending line (in yellow) 10 days ago, which had been a major barrier over the past 300 days. In hindsight, testing the static resistance at $0.55 (in red)...

With only two days remaining for September, XRP records its best month so far. However, the bearish trend reversal has not yet been confirmed. Technical Analysis By Grizzly The Weekly Chart Last week, XRP reached (and was rejected) to a critical level of $0.56 on the weekly chart. This resistance is combined of the ascending line (in yellow) and the red horizontal resistance. As a side note, it’s not uncommon to see a weekly red candle after multiple green candles. Unless...

Ripple, as the fourth-largest cryptocurrency by market capitalization, saw increases of over 30% during the last 7 days, according to CoinGecko.  The price extended to nearly $0.56 on Friday but got quickly rejected. Technical Analysis By Grizzly The Daily Chart The XRP/USDT trading pair reached a key support turned resistance level, for the first time since May 9, on the daily chart. Additionally, the price finally closed a daily candle above the 200-day moving average line...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile. The resistance is not far away at $1,400, and bears will likely come in strong if the price...

Ripple has increased 20.6% over the last week. After more than 100 days, the bulls were able to close a candle over $0.40 on favorable news associated with the trial against the US Securities and Exchange Commission. Technical Analysis By Grizzly The Daily Chart The horizontal level at $0.4 (in yellow) – which has consistently prevented the price from increasing – has now turned into support on the daily chart. With a 14% green candle yesterday, XRP bulls have now set their...

Ripple has filed a motion seeking dismissal of the suit ahead of the trial in federal court in Manhattan. The blockchain firm contended that the crypto-asset at the center of the ongoing legal battle – XRP – cannot be considered a security. In a recent filing over the weekend, Ripple argued that there was no “investment contract” that granted investors rights or required the issuer to act in their interests. Ripple-SEC Nears The D-Day As per the report, Ripple further alleged...

The announcement that the Ripple vs SEC case would soon be settled led to a significant XRP price boost over the last few days. The below chart shows the highest volume traded in XRP since June 30 as a result of buying pressure. Technical Analysis By Grizzly The Daily Chart After bottoming out in June at roughly $0.28, the price of XRP surged by more than 30%. This mini-rally resulted in another attempt to break the key horizontal resistance at $0.4 (in red). However, so far,...

Bitcoin dipped further below the coveted $20,000 mark to chart another weekly low of just over $19,000. Ethereum also continues to struggle after the Merge implementation two days ago and has slumped below $1,450. Ripple, in contrast, is up by almost 8% daily. Bitcoin’s New Weekly Low The past several days have not been kind to the primary cryptocurrency as the trend changed on September 13. Back then, the asset was riding high and neared $23,000 after gaining over $3,000 in...

XRP hasn’t created a higher high in the last four months. This shows that the bears are currently in control, and they show little to no signs of weakness. Since the CPI numbers for the US were published earlier this week, the cryptocurrency has lost about 8%. Technical Analysis By Grizzly The Daily Chart XRP’s daily chart reveals the formation of a symmetrical triangle pattern (in light blue). This pattern might be interpreted as bearish since it develops in the course of a...

In the last five days, Ripple has grown by an impressive 16%, reaching highs exceeding $0.36 in today’s market. However, this doesn’t mean that the bearish trend has come to a halt. Technical Analysis By Grizzly The Daily Chart Once again, the bulls have demonstrated their determination to prevent the price from falling below $0.3 (in green). The next resistance for the cryptocurrency lies at $0.38 (in yellow). XRP has gone through a sideways trend as buyers were unable to...