Tag Archives: xrpbtc

Ripple has spent the week in a tight trading range, but there is no question that the bear market rages on. The price action seems relatively quiet following the large drop XRP experienced last week. Technical Analysis By Grizzly The Daily Chart On the daily chart, the price is close to the November low. The range of $0.3 to $0.32 (in white) is currently regarded as the level of block orders, providing solid support. The 50% and 61.8% Fib levels in the $0.42 to $0.45...

Ripple’s recent price action has been particularly rough following a convincing rejection from a key resistance level. The cryptocurrency is currently dropping toward the bulls’ last resort as risk assets stumble. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to move back above the significant $0.43 resistance level and is currently falling rapidly. The 50-day and 200-day moving average lines, which also provided additional resistance...

Markets are waiting for the arrival of the FOMC meeting, which has been creating uncertainty. Last night, XRP closed its second consecutive weekly red candle. This put the rising trend that began in mid-November on the edge of reversal. Technical Analysis By Grizzly The Daily Chart Ripple is trading below the 200-day moving average line (in white) on the daily chart and is expected to close a third consecutive candle below it. The descending triangle (in yellow), technically...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low which could be interpreted as bullish. If buyers return to ETH, the next key resistance is found at $1,365, where it is likely to face a more significant...

Following a ruthless price action in November, Ripple is now attempting to recoup its losses alongside the rest of the cryptocurrency market. Although it was expected that optimism regarding the SEC action would result in positive market movements, this is yet to come to fruition. Technical Analysis By Grizzly The Daily Chart On the daily chart, XRP initiated an uptrend after touching the major horizontal support (in white) at $0.31, rising 22% from the local low. The 14-day...

Ripple’s monthly candlestick appears to be closing in the red tonight, despite the fact that the long lower wick implies the presence of buyers around $0.3. However, the cryptocurrency’s performance in the past month has actually been stronger than Bitcoin’s. Technical Analysis By Grizzly The Weekly Chart The weekly chart reveals that the downward trend initiated in April 2021 is continuing. The pair has made multiple attempts to break through the descending resistance line...

Ripple is on the verge of closing its second green weekly candle. However, there is a horizontal obstacle on the way to higher levels, which will be discussed further below. Technical Analysis By Grizzly The Daily Chart: XRP managed to recapture the 200-day moving average line (in white) on the daily chart after struggling since mid-November. Technically, this pattern denotes a positive psychological momentum in the market.Although the bullish sentiment is observable on the...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers have managed to maintain their grip on the price. Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. Any weakness there...

A very disheartening week in the crypto market has come to a close. Ripple saw its second-worst weekly candle since May and dropped more than a third of its market value over the last week. Technical Analysis By Grizzly The Daily Chart On the daily chart, the negative momentum slowed marginally as the asset approached the support zone in the $0.3 to $0.33 region (in green). However, this cannot be considered the end of the downward spiral. After 50 days, XRP hit the...

Ripple has been experiencing a short-term stage of consolidation following low volatility. The cryptocurrency has formed a well-known bearish flag pattern and has dropped to the middle boundary. This is an important price region, and the upcoming price action will likely determine its mid-term direction. Technical Analysis By Shayan The Daily Chart The cryptocurrency was recently rejected by the upper trendline of the bearish flag pattern and dropped to the middle boundary....