Tag: xrp

Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD Extends Decline No Comments

Key Highlights Ripple price failed to move higher and traded below the $0.1750 support against the US Dollar. There are two key bearish trend lines forming with resistance near $0.1800 and $0.1880 on the hourly chart of XRP/USD (data source from Kraken). The price might correct a few points higher, but upsides remain capped by $0.1900. Ripple price moved down further against the US D...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD Decline Underway No Comments

Key Highlights Ripple price failed to gain pace and is currently trading below the $0.1900 level against the US Dollar. Yesterday’s highlighted major bearish trend line with current resistance at $0.1900 on the hourly chart of XRP/USD (data source from Kraken) is still active. The price is now below $0.1850 and the 100 hourly simple moving average, which is a bearish sign. Ripple p...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD Needs To Retake $0.2000 No Comments

Key Highlights Ripple price is struggling to move above the $0.1950 resistance against the US Dollar. There is a major connecting bearish trend line forming with resistance at $0.1950 on the hourly chart of XRP/USD (data source from Kraken). The price has to move above the $0.1950 and $0.2000 resistance levels to gain momentum. Ripple price is ranging with a slight bearish bias again...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD Moves Above 100 SMA No Comments

Key Highlights Ripple price managed to move above a major resistance area at $0.1850 against the US Dollar. Yesterday’s highlighted major bearish trend line with resistance at $0.1850 on the hourly chart of XRP/USD (data source from Kraken) was broken. The price is now correcting from $0.1969, but remains above the 100 hourly simple moving average. Ripple price moved higher above k...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD Approaching Break? No Comments

Key Highlights Ripple price has recovered well from the $0.1500 low against the US Dollar, and currently facing a resistance. There is a major bearish trend line forming with current resistance at $0.1850 on the hourly chart of XRP/USD (data source from Kraken). A break and close above $0.1900 might push the price above the $0.2000 handle. Ripple price is slowly recovering against th...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD To Decline Further? No Comments

Key Highlights Ripple price failed to remain above the $0.1900 level against the US Dollar, and declined further. There is a new connecting bearish trend line forming with current resistance at $0.1840 on the hourly chart of XRP/USD (data source from Kraken). The price remains in the sell zone and any rallies can be seen as selling opportunity near $0.1850. Ripple price declined furt...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD To Retest $0.2000? No Comments

Key Highlights Ripple price failed to remain above the $0.2200 level and moved down against the US Dollar. This week’s highlighted descending channel with current resistance at $0.2200 on the hourly chart of XRP/USD (data source from Kraken) is still in place. The price is currently trading near an important support level at $0.2060. Ripple price is back to the range support levels...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – Can XRP/USD Break This? No Comments

Key Highlights Ripple price made an attempt to settle above the $0.2250 resistance against the US Dollar, but failed. Yesterday’s highlighted descending channel with current resistance at $0.2230 on the hourly chart of XRP/USD (data source from Kraken) is intact. The price needs to settle above the $0.2250 level in order to gain traction. Ripple price failed to hold gains against t...


Ripple Price Technical Analysis XRP USD

Ripple Price Technical Analysis – XRP/USD Remains Bearish? No Comments

Key Highlights Ripple price after struggling to move above $0.2400 against the US Dollar started a short-term downtrend. There is a descending channel forming with resistance at $0.2250 on the hourly chart of XRP/USD (data source from Kraken). The upside remains capped with support on the downside near $0.2050. Ripple price stated a short-term downtrend against the US Dollar and Bitc...


Can Ripple Effectively Rival Bitcoin and Ethereum in Terms of Success? No Comments

There is still a lot of confusion regarding Ripple and their XRP token. Unlike cryptocurrencies such as Bitcoin and Ethereum, Ripple is not targeting the same market. More specifically, the company wants to make the financial sector more efficient using blockchain technology. Their Consensus ledger has received high praise from various partners over the years. Some people feel XRP may be able to r...


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