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Tag Archives: xrpusd

XRP Fails to Break Above $0.50 For the Third Time, Crash Incoming? (Ripple Price Analysis)

Despite several attempts to push the price above $0.50, XRP has been unsuccessful in stabilizing around this level. Technical Analysis By Grizzly The Daily Chart The cryptocurrency continues to challenge the $0.50 resistance, but, unfortunately, to no avail. It’s failed to overcome this level three times in just as many weeks. Breaking above it would position the asset to retest the descending line (in red). If it manages to clear this barrier, the price will have better...

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Crypto Price Analysis Oct-07: ETH, XRP, ADA, BNB, and MATIC

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

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Ripple Bullish Against Bitcoin as 10-Day Long Correction Wearing Out (XRP Price Analysis)

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)...

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XRP About to Close its Best Month in 2022 (Ripple Price Analysis)

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...

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Ripple Price Analysis: After 30% Weekly Gains, Can XRP Continue to Soar?

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...

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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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