Tag Archives: xrpusd

Ripple has experienced a long-term downward trend for over 500 days. April 14, 2021, marked the last day the bulls dominated the XRP market and recorded a local high of almost $2. Since then, the price of XRP has been down by 80%. Recent attempts by the bulls to start a rally have also failed. Technical Analysis By: Grizzly The Daily Chart On the daily chart, the XRP price is down 13% from the monthly high of $0.386. This drop caused the pair to slip below the 20-day, 50-day,...

In today’s overview, we take a closer look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum might be down 9.1% this week, but it’s recovering well from the latest collapse. The cryptocurrency fell from above $1,800 last Friday and continued to decline during the weekend until it found support at the 50-day MA level. It rebounded from the 50-day MA and started to climb throughout the week. Yesterday, it found resistance at the 20-day MA level and the...

The crypto market has experienced a deep correction in the last two days. A downward movement from a high of $0.392 on August 17 caused Ripple to lose more than 13% of its market capitalization at the time of this writing. Technical Analysis By: Grizzly The Weekly Chart After three weeks of swinging below horizontal resistance at $0.39 (in red), the bears finally aggressively pushed the price down. This formed a giant red daily candle over the last two months. The key is that...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin. Ethereum (ETH) This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed. At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears...

While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with Ontario-based crypto exchanges – Bitbuy and Newton – imposing a 30,000 CAD annual “buy limit” for “restricted coins” for their users to...

Ripple has been experiencing a sideways trend below the stiff resistance for nearly three weeks and has remained range-bound between 0.36$ and $0.39 for the largest part. Technical Analysis By Grizzly The Weekly Chart: It appears that neither side is able to take assert convincing dominance in the market for XRP. The bulls need to flip the horizontal resistance at $0.39 (in red) to start a rally. The intersection of this resistance with the descending line (in yellow) has...

A strong resistance level has trapped Ripple for over two months, resulting in the price flirting between $0.3 to $0.39 during that period. It seems that the continuation of the upward trend depends on clearing this barrier. However, it’s unsure if there is enough momentum for the bulls. Technical Analysis By Grizzly The Daily Chart Analyzing the following daily chart reveals that the structure formed in the last two months has been textbook bullish, accompanied by the...

For nearly two weeks, Ripple has been below its static level at $0.45. The bulls attempted to push the price above it several times, but so far, they have failed. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, XRP saw a 37% recovery below the static level (in blue) after the bulls managed to defend the horizontal support at $0.33 (in green). The MA 20D (in white) has come down to this important level and acts as a price barrier. The cryptocurrency has...

Last week, Ripple closed a red candle of a whopping 42%. The bulls managed to fight back, pushing the price up at the end of the week. Will this be the end of the bearish sentiment in the short term, though? Technical Analysis By Grizzly The Daily Chart On the daily chart, XRP is moving downward in a descending channel (in yellow). Currently, the support zone (in green) at $0.33 has prevented any further price declines. To dominate the market, bulls must be able to keep the...

The market is still in shock due to the deep collapse in recent days. Investors are skeptical, and it remains to be seen when the bulls will return to the market. Technical Analysis By Grizzly The Daily Chart The bears were able to push the price down to critical horizontal support at $0.33. This level has played an essential role for XRP since 2019. Source: TradingViewThe sharp upward trend in 2021 occurred after breaking this level. If the bulls can defend it, one can...