Ripple Price Technical Analysis – XRP/USD Settles above $1.50

Key Highlights

  • Ripple price managed to move further higher and it broke the $1.50 resistance against the US dollar.
  • There is a short-term bullish trend line forming with support at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is placed nicely above the $1.45 and $1.50 levels, and is eyeing further gains.

Ripple price is back in the bullish zone against the US Dollar and Bitcoin. XRP/USD is gaining pace and it may soon attempt further upsides toward $1.80 and 2.00.

Ripple Price Support

There was a decent recovery initiated in Ripple price from the $0.8905 swing low against the US Dollar. The price traded above the $1.00 and $1.20 resistance levels to initiate a fresh upside move. There was even a break above the 61.8% Fib retracement level of the last major decline from the $1.91 high to $0.89 low. It opened the doors for more gains and the price was able to break the $1.45 and $1.50 resistance levels.

It traded as high as $1.7540 and is currently correcting lower. It is testing the 23.6% Fib retracement level of the last wave from the $0.8905 low to $1.7540 high. Moreover, there is a short-term bullish trend line forming with support at $1.50 on the hourly chart of the XRP/USD pair. The trend line support at $1.50 is also around the 100 hourly simple moving average. Therefore, there is a major support forming at $1.50. As long as the pair is above the $1.50 level, there could be more gains toward $1.75 or above the mentioned level.

Ripple Price Technical Analysis XRP USD

The overall price action remains positive with supports at $1.45 and $1.50.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently in the bearish zone, but with very less momentum.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.

Major Support Level – $1.50

Major Resistance Level – $1.75

 

Charts courtesy – Trading View, Kraken

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Key Highlights

  • Ripple price made a major bottom near the $0.8399 low and recovered against the US dollar.
  • There was a break above yesterday’ highlighted crucial bearish trend line with resistance at $1.45 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently facing a huge task near the $1.60 level and the 100 hourly simple moving average.

Ripple price is recovering nicely against the US Dollar and Bitcoin. XRP/USD is now above $1.40, but facing a major resistance near $1.60 and the 100 hourly SMA.

Ripple Price Resistance

Yesterday, we saw a major decline below $1.00 in Ripple price against the US Dollar. The price traded as low as $0.8399 from where it started an upside move. It moved above the 50% Fib retracement level of the last drop from the $1.9027 high to $0.8399 low. The current price action is positive since the price has moved above the $1.00 and $1.20 resistance levels.

More importantly, there was a break above yesterday’ highlighted crucial bearish trend line with resistance at $1.45 on the hourly chart of the XRP/USD pair. However, the pair is currently facing a major hurdle near the $1.50-1.60 levels. The 100 hourly simple moving average is positioned at $1.60 to act as a major barrier for buyers. Moreover, the 61.8% Fib retracement level of the last drop from the $1.9027 high to $0.8399 low is at $1.49. Therefore, it seems like there is a crucial resistance forming near $1.50-1.60.

Ripple Price Technical Analysis XRP USD

A break above stated $1.60 level is needed for buyers to gain control. On the downside, an initial support is at $1.30. However, the most important support is now at $1.20, which is a buy zone.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.

Major Support Level – $1.20

Major Resistance Level – $1.60

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price made a sharp downside move and broke the $1.00 support against the US dollar.
  • There is a crucial bearish trend line forming with resistance at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently struggling to hold the $1.00 level and it may decline back towards $0.8500.

Ripple price is struggling a lot against the US Dollar and Bitcoin. XRP/USD might decline further and it could retest the $0.8500 support area.

Ripple Price Trend

There was no respite for buyers as Ripple price extended its decline from the $1.2000 swing high against the US Dollar. After a minor correction towards the $1.50 level and the 38.2% Fib retracement level of the last drop from the $2.08 high to $1.49 low, the price faced sellers. It started a fresh downside wave and broke the $1.49 low and the $1.20 support. The decline was strong as sellers pushed the price below the $1.00 support. It traded close to the $0.8000 level.

A low was formed at $0.8399 from where an upside correction was initiated. It recovered above the 23.6% Fib retracement level of the last decline from the $1.9027 high to $0.8399 low. However, there are many resistances on the upside such as $1.35 and $1.50. An initial hurdle is around the 50% Fib retracement level of the last decline from the $1.9027 high to $0.8399 low at $1.3713. Above this last, there a crucial bearish trend line forming with resistance at $1.50 on the hourly chart of the XRP/USD pair.

Ripple Price Technical Analysis XRP USD

Therefore, there is a major resistance near $1.35-1.50. As long as the price is below $1.50, there is a risk of a breakdown toward $0.8500 once again.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.

Major Support Level – $1.00

Major Resistance Level – $1.50

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price is currently under a lot of pressure and is currently trading below $1.70 against the US Dollar.
  • There is a short-term bearish trend line forming with resistance at $1.7050 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently correcting higher, but it faces a lot of barriers on the upside such as $1.70 and $1.80.

Ripple price is in a downtrend against the US Dollar and Bitcoin. XRP/USD is likely to remain in the bearish zone as long as it is below $1.90.

Ripple Price Trend

There was a lot of pressure on Ripple price as it failed to remain above the $2.00-2.10 support against the US Dollar. The price declined and it recently moved below the $1.80 support area. The decline was severe as the $1.70 support also failed to prevent declines. XRP kept declining and even traded as few points below the $1.50 level. It traded as low as 1.4839 and is currently correcting higher.

It has moved above the 23.6% Fib retracement level of the last decline from the $2.0796 high to $1.4839 low. The current upside wave is corrective and it faces a lot of hurdles below $2.00. There is also a short-term bearish trend line forming with resistance at $1.7050 on the hourly chart of the XRP/USD pair. The trend line resistance is near the 38.2% Fib retracement level of the last decline from the $2.0796 high to $1.4839 low. Therefore, it won’t be easy for buyers to break the $1.7000.1.7050 levels.

Ripple Price Technical Analysis XRP USD

Above the mentioned $1.7050, the 100 hourly simple moving average is at $1.90. The stated $1.90 level coincides with the 61.8% Fib retracement level of the last decline from the $2.0796 high to $1.4839 low.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is placed heavily in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently around the oversold levels.

Major Support Level – $1.50

Major Resistance Level – $1.90

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price remains in a bearish trend below the $2.00 handle against the US Dollar.
  • There is a declining channel forming with current resistance at $1.90 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently in a declining mode and it could test the $1.70 support area in the near term.

Ripple price is struggling to recover against the US Dollar and Bitcoin. XRP/USD has to move above the $2.00 level to overcome the current selling pressure.

Ripple Price Resistance

After a minor correction above the $2.20 level, Ripple price struggled to move further higher against the US Dollar. The price failed to stay above the $2.00 support and made a downside move. It traded below the $1.9870 support as well key $1.9500 level. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $1.5132 low to $2.4956 high.

There is clearly a lot of pressure on XRP and it seems like the price could decline further towards $1.70. At the moment, there is a declining channel forming with current resistance at $1.90 on the hourly chart of the XRP/USD pair. The pair is facing a lot of sellers and it could remain below $1.95-2.00 levels in the short term. On the downside, an initial support is around the 76.4% Fib retracement level of the last wave from the $1.5132 low to $2.4956 high.

Ripple Price Technical Analysis XRP USD

It seems like the pair is poised to test the $1.70 level in the near term. On the upside, a break above the $2.00 level is must for more gains. Moreover, the 100 hourly simple moving average is at $2.05 to prevent upsides.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is moving slowly in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.

Major Support Level – $1.70

Major Resistance Level – $2.00

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price remained in a bearish trend and it traded below the $1.60 support against the US Dollar.
  • This week’s highlighted major bearish trend line with current resistance at $1.85 is preventing upsides on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price remains at a risk of more losses as long as it is below the $1.80 level.

Ripple price declined further against the US Dollar and Bitcoin. XRP/USD tested the $1.50 level and it is currently placed in the bearish zone for more declines.

Ripple Price Decline

There was no respite for Ripple price as it extended declines below the $1.75 level against the US Dollar. The price moved down and broke the $1.60 support level as well to trade towards $1.50. A low was formed at $1.5002 and it seems like the current bearish pressure is here to stay. A tiny recovery is underway from $1.50. XRP is currently testing the 23.6% Fib retracement level of the last drop from the $2.05 high to $1.50 low.

There are many resistances on the upside near the $1.75 and $1.80 level. An initial resistance is around the 50% Fib retracement level of the last drop from the $2.05 high to $1.50 low. Moreover, this week’s highlighted major bearish trend line with current resistance at $1.85 is preventing upsides on the hourly chart of the XRP/USD pair. Therefore, there is a clear major resistance forming near $1.80. A break above the $1.80-1.85 levels is needed for buyers to take back the lost control.

Ripple Price Technical Analysis XRP USD

On the downside, the recent low of $1.50 is a decent support. XRP must hold $1.50 to avoid further declines toward $1.25 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is recovering from the 30 level.

Major Support Level – $1.50

Major Resistance Level – $1.85

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price extended declines and moved below the $1.80 support against the US Dollar.
  • Yesterday’s highlighted crucial bearish trend line with current resistance at $1.85 is still in place on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price continues to move down and it could soon break the 1.60 low to for more losses.

Ripple price faced a lot of selling pressure against the US Dollar and Bitcoin. XRP/USD could accelerate declines and it may soon test or break the $1.50 level.

Ripple Price Decline

It seems like the current bearish pressure is here to stay on Ripple price below $2.00 against the US Dollar. The price was under a lot of pressure and it moved below the $1.80 and $1.70 support levels. The downside move is strong and the price is now below the $1.65 level. Recently, there was a recovery from the $1.6062 swing low with a break of the 23.6% Fib retracement level of the last decline from the $2.38 high to $1.60 low.

However, the upside move was capped by the $2.00 handle. Moreover, the 50% Fib retracement level of the last decline from the $2.38 high to $1.60 low also acted as a resistance. More importantly, yesterday’s highlighted crucial bearish trend line with current resistance at $1.85 is still in place on the hourly chart of the XRP/USD pair. It may continue to act as a strong barrier for buyers above $2.00. As long as the price is below the $2.00 handle, it remains at a risk of more losses below $1.60.

Ripple Price Technical Analysis XRP USD

A break below the $1.60 level could open the doors for a test of the $1.50 level. Below the $1.50 level, there is a chance an extension towards the $1.40 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is heading lower towards the 25 level.

Major Support Level – $1.50

Major Resistance Level – $2.00

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price remained under a bearish pressure and it traded below the $2.00 level against the US Dollar.
  • Yesterday’s highlighted major bearish trend line with current resistance at $2.25 is intact on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price may extend its decline and it could even trade towards the $1.70 level.

Ripple price is struggling to recover against the US Dollar and Bitcoin. XRP/USD might continue to decline and is currently well below $2.00.

Ripple Price Upside Hurdle

Yesterday, we saw the start of a new downside wave in Ripple price from well above $2.80 against the US Dollar. The price recovered once above the $2.20 level. However, the upside move was capped by the $2.50 level. Moreover, the 61.8% Fib retracement level of the last drop from the $2.82 high to $1.60 low also acted as a hurdle. A new downside wave was initiated and the price moved below the $2.20 level.

There was also break below the 50% Fib retracement level of the last wave from the $1.60 low to $2.58 high. At the moment, the price is below $2.00 and the 100 hourly simple moving average. It seems like the price may extend declines and it could even test the $1.70 level in the short term. On the upside, an initial resistance is at $2.10. Moreover, yesterday’s highlighted major bearish trend line with current resistance at $2.25 is intact on the hourly chart of the XRP/USD pair.

Ripple Price Technical Analysis XRP USD

On the downside, an initial support is at $1.85. Moreover, the 76.4% Fib retracement level of the last wave from the $1.60 low to $2.58 high is also around $1.85. Therefore, the $1.85 level may act as a support, but the main support is at $1.70.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well below the 40 level.

Major Support Level – $1.70

Major Resistance Level – $2.10

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price declined sharply from the $2.80 swing high to well below $2.00 against the US Dollar.
  • There is a major bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price may continue to struggle to break the $2.50 resistance and the 100 hourly simple moving average.

Ripple price is under bearish pressure against the US Dollar and Bitcoin. XRP/USD could face an increase selling pressure around $2.50 in the near term.

Ripple Price Resistance

Yesterday, I pointed out an increase in selling pressure on Ripple price below $3.00 against the US Dollar. The price failed to make an upside move above $2.80 and started a major decline. The downside move was very strong as the price dipped below the $2.50 and $2.00 support levels. It even moved below the $1.80 support and traded as low as $1.6126. Later, an upside correction was initiated and the price moved above the 50% Fib retracement level of the last decline from the $2.80 high to $1.61 low.

However, the price is facing a lot of hurdles near $2.50-2.60. There is a major bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP/USD pair. The trend line resistance is also around the 100 hourly simple moving average at $2.60. Moreover, there was no proper break of the 76.4% Fib retracement level of the last decline from the $2.80 high to $1.61 low. Therefore, there is a risk of more losses in the near term from $2.50. Should the price succeeds in moving above $2.50, there can be more recoveries toward $2.80.

Ripple Price Technical Analysis XRP USD

On the downside, the $2.20 and $2.00 levels are decent supports and buy zones.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still below the 50 level.

Major Support Level – $2.20

Major Resistance Level – $2.50

 

Charts courtesy – Trading View, Kraken

Key Highlights

  • Ripple price is currently under pressure and is currently below $2.70 against the US Dollar.
  • There was a break below a connecting bullish trend line with support at $2.70 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • On the upside, there is a key resistance forming around $2.80 and the 100 hourly simple moving average.

Ripple price is struggling to retain the bullish bias against the US Dollar and Bitcoin. XRP/USD may decline in the short term towards the $2.40 and $2.30 levels.

Ripple Price Decline

There was a recovery initiated from the $2.15 swing low in Ripple price against the US Dollar. The price recovered above the $2.30 level and the 23.6% Fib retracement level of the last decline from the $3.35 high to $2.15 low. However, the upside recovery was limited and the price was not able to move above $2.80. There was also no proper close above the 100 hourly simple moving average, which is currently at $2.75.

Moreover, the price failed to break the 50% Fib retracement level of the last decline from the $3.35 high to $2.15 low. There was a fresh downside wave initiated from the $2.80 swing high. During the downside, there was a break below a connecting bullish trend line with support at $2.70 on the hourly chart of the XRP/USD pair. The pair is now struggling to recover and is currently below $2.60 and the 100 hourly SMA.

Ripple Price Technical Analysis XRP USD

On the upside, there is a major bearish trend line forming with resistance at $2.75 on the same chart. If the pair corrects higher, it could face sellers near $2.75-2.80. On the downside, it seems like the pair may decline and test the $2.40 support.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 40 level.

Major Support Level – $2.40

Major Resistance Level – $2.80

 

Charts courtesy – Trading View, Kraken