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Tag Archives: xrpusd

XRP on the Verge of a Major Breakout, but in Which Direction? (Ripple Price Analysis)

Ripple’s price has been consolidating against USDT during the past few weeks while remaining clearly bearish against BTC. Analyzing both pairs might provide clues on the future price trend. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Chart Against USDT, the price has been trapped inside a triangle pattern since November and is yet to break out. While the $0.6 support level has been providing support and preventing a more profound decline, the price has...

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XRP Conitnues Consolidation as Major Move Seems Imminent, but Which Way? (Ripple Price Analysis)

Ripple continues to navigate its consolidation phase, as observed by the price oscillating within a pivotal range, forming a sideways wedge pattern. Notably, XRP encounters a robust support zone, identified by the convergence of the 100 and 200-day moving averages, along with the lower boundary of the wedge. This convergence holds the potential to impede any downward movements. By Shayan Ripple Price Analysis: The Daily Chart The ongoing consolidation has expanded around a...

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Two Possible Scenarios for XRP Going Into This Week (Ripple Price Analysis)

Ripple has entered a consolidation stage, with the price slightly decreasing towards a significant support area encompassing the 100-day and 200-day moving averages. This support zone is anticipated to impede further downward trends, propelling the price towards higher levels. By Shayan The Daily Chart Upon closer examination of the daily chart, it is evident that Ripple’s consolidation phase has extended, characterized by low volatility and a gradual decline toward a...

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Ripple President Says Cryptos Like XRP are Hastening Globalization

The New York Times featured the Ripple Labs president in a recent special series on global consumer behavior in 2024. “We asked a global group of entrepreneurs, business leaders and academics to assess consumer behavior,” wrote the Times. Ripple President Explains Global Appeal of XRP For her part in the series, Long makes the case that TradFi structures are “too slow to support” the current pace of global commercial growth. As a result, the developing world is turning to...

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No More Hype: XRP Loses All Gains Against BTC Since Ripple Lawsuit Win

Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back To Reality For XRP In mid-July, U.S. district Judge Analisa Torres ruled that XRP sales on the secondary market did not constitute...

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Crypto Price Analysis Dec-8: ETH, XRP, ADA, SOL, and BONK

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

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Is XRP in Danger of Collapsing Toward $0.54? (Ripple Price Analysis)

XRP’s price has been consolidating over the last few weeks on the USDT pair. It is yet to show any significant desire to either drop or rally. However, against BTC, things are looking different. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Chart Against USDT, the price has been supported by the $0.6 level. Yet, it has not rebounded with any considerable bullish momentum. In case this level holds, the price can rise toward the $0.72 resistance level in the...

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Is XRP About to Explode Like Bitcoin or is a Correction Coming? (Ripple Price Analysis)

Ripple’s price has been moving sideways against USDT while plunging against BTC. Things are looking interesting on both charts at the moment. Technical Analysis By TradingRage XRP/USDT Price Analysis Against USDT, the XRP price has been consolidating above the $0.6 support level, failing to either break below or rebound to the upside. The relative strength index has also been hovering around the 50% mark, indicating that the momentum is neither bullish nor bearish. In case a...

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Calm Before the Storm? XRP at a Strong Support as Big Move Seems Imminent (Ripple Price Analysis)

Technical Analysis By TradingRage Ripple’s price has been experiencing a pullback on both the USDT and BTC pairs over the last few weeks. Yet, the market might begin another bullish move soon, as the price is currently at strong support levels. The USDT Paired Chart On the USDT paired chart, the price has been on the decline over the recent weeks after it failed to move past the $0.7 mark. The $0.6 support level is currently preventing the price from dropping lower. Yet,...

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Two Possible Scenarios for XRP Going Into Next Week (Ripple Price Analysis)

XRP Analysis By Shayan After failing to breach the $0.74 mark, Ripple initiated a corrective leg, retracing toward the 100-day and 200-day moving averages at approximately $0.55. However, a crucial support region stands in the way, potentially putting a halt to Ripple’s short-term downward trajectory. The daily chart illustrates that Ripple encountered seller dominance when attempting to surpass the $0.74 mark, impeding further upward momentum. Subsequently, the price...

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