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Tag Archives: xrpusd

Crypto Price Analysis September-23: Ethereum, Ripple, Cardano, Solana, and Binance Coin

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...

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XRP Skyrockets 20% Weekly on SEC News But There’s a Catch (Ripple Price Analysis)

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...

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Ripple Attacks SEC Citing Lack of ‘Investment contract’ Granting Investors Rights

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...

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Despite Massive Bullish Momentum, XRP Fails to Break Above Key Resistance: Ripple Price Analysis

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,...

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Market Watch: Ripple Soars 8%, Bitcoin Dropped to Weekly Lows

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...

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XRP Crashes 8% in Three Days, Here’s The Next Support (Ripple Price Analysis)

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...

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XRP Surges 16% in Five Days, Here’s the Next Target (Ripple Price Analysis)

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...

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XRP Crashes Toward $0.30 But Bulls Outperform Against Bitcoin (Ripple Price Analysis)

Ripple has not been exempt from the recent decline in the cryptocurrency market. Despite this, XRP paints a different picture against Bitcoin. It’s worth noting that there have been two entirely different outlooks when analyzing the two pairs. In the last 24 hours, the price fell by 8% while increasing by about 3% against Bitcoin. Technical Analysis By Grizzly The Daily Chart The bulls are undeniably weaker than the bears as lower highs, and lower lows are seen in the chart....

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XRP Eyes a Drop to $0.3 if Bulls Fail to Step In Soon (Ripple Price Analysis)

Ripple seems to be struggling around the support at $0.33 for 10 days in a row. As a result, the cryptocurrency is trading within a very narrow range with little to no volatility. The sentiment remains predominantly negative. Technical Analysis By Grizzly The Daily Chart On the daily chart, the bulls tried to extend the price above the resistance zone at $0.33 (in red) on multiple occasions. Presently, it appears that there’s not enough demand to propel a considerable...

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Following a Slight Recovery, Here’s the Major Level for XRP Bulls to Target (Ripple Price Analysis)

Ripple has increased by 4% as the crypto market began to recover over the last two days. One explanation for this can be found in the DXY index reaching a stiff resistance. However, the sentiment across risk-on markets continues to be bearish. Technical Analysis By Grizzly The Weekly Chart The trend structure became bearish after the formation of a lower high and lower low on the daily chart. After failing to push the price above the horizontal resistance at $0.39 (in red),...

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