![]() The post XRP Struggles Around $0.4 But is a Crash Coming? (Ripple Price Analysis) appeared first on CryptoPotato. This signal could point to a potential bullish pullback or consolidation in the short-term before a further continuation lower. The RSI indicator, however, is demonstrating an oversold signal, as the oscillator has broken below the 30 level. Currently, the 0.000015 SAT support level seems like the most likely destination in the short term. On the other hand, if the price manages to break above the $0.43 area, a rise toward the $0.55 resistance level would be likely.Īgainst Bitcoin, XRP has been on a free fall since breaking the 0.000018 SAT level to the downside and retesting it, failing to break back above. In case the 50-day moving average is broken to the downside, a drop toward the key $0.3 support level would be more likely in the short term. On the XRPUSDT chart’s daily timeframe, the price has been rejected from the $0.43 level multiple times and is currently oscillating between the 200-day and 50-day moving averages located around $0.395 and $0.385 levels, respectively. XRP is also in a downtrend on the BTC paired chart, making things worse. However, a sharp fall to $0.54 could occur if the price breaks down.Ripple’s price action has been far from convincing lately, as the cryptocurrency has been rejected from a key resistance level against the USD. In case of a breakout, an increase to $0.90 will be expected. Therefore, the future XRP price trend will likely be determined by whether the price breaks out from the channel or gets rejected. In that case, the price will likely break down from the channel and fall to the long-term support at $0.54. Assets deposited by users in Simple Earn could be used for a variety of purposes. However, if the price gets rejected, it will likely indicate that the increase is corrective. If the price breaks out, an increase to the previously outlined long-term resistance at $0.90 will be expected. Whether it breaks out or gets rejected could determine the future trend. The price trades at a confluence of resistance levels at $0.83, created by the channel’s resistance line and a horizontal resistance area. Such channels usually contain corrective structures. However, the increase has been contained inside an ascending parallel channel. The technical analysis from the short-term timeframe shows a breakout from a descending resistance line that has been in place since the yearly high on July 13.Īfter the breakout, XRP validated the line as support (green icon) and accelerated its rate of increase. Read More: Ripple (XRP) Price Prediction Will XRP Price Make Another Attempt at $0.90? The indicator is above 50 and increasing, indicating a bullish trend. If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. When evaluating market conditions, traders use the RSI as a momentum indicator to determine if a market is overbought or oversold and to decide whether to accumulate or sell an asset. The weekly RSI supports the continuation of the increase. that they have engaged in an unregistered, ongoing securities offering through the sale of XRP. ![]() The price is now trading between these two levels. US, Binance, Kraken, Gemini, Bittrex, and Poloniex. This took the price to the next resistance at $0.90, which was rejected the same week (red icon). Breakouts from such long-term structures often lead to significant movements in the other direction.Īfter the breakout, XRP moved above the $0.54 horizontal area, creating a large bullish candlestick (green icon). The main reason for this is a breakout from a 700-day descending resistance line. The weekly time frame for XRP shows a bullish outlook. If you’re looking for the market cap of Binance-Peg XRP, data is not available today. ![]() This represents a 1.54 price increase in the last 24 hours and a -13.49 price decline in the past 7 days. The price of Binance-Peg XRP (XRP) is 0.719587 today with a 24-hour trading volume of 1,159,888.33. While a short-term bounce began the next day, it is not yet certain if the increase will lead to new highs or if it is just a relief rally in response to the prior drop. Binance-Peg XRP (XRP) price has increased today. The yearly high was the culmination of a breakout from a 700-day resistance line. It is common for exchanges like Binance to offer alternative networks to withdraw your coins. Ripple’s XRP price has fallen since its yearly high of $0.938 on July 13. If you select the wrong network, you will lose your funds. ![]()
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