Tag Archives: xrpusd

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...

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....

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...

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),...

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...