NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Ripple Price Analysis: XRP/USD Approaching Buy Zone Near $0.4450

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:32 pm
2 mins read
technical analysis ripple

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Key Highlights

  • Ripple price started a downside correction after trading towards the $0.4740 level against the US dollar.
  • There is a short term declining channel in place with resistance at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to find a decent support near the $0.4460 and $0.4425 levels in the near term.

Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD may soon test the key supports above the $0.4400 level.

Ripple Price Analysis

Yesterday, we saw a solid upward move in ripple price above the $0.4600 level against the US Dollar. The XRP/USD pair traded above the $0.4650 and $0.4700 levels. It traded as high as $0.4745 and later started a downside correction. The price moved down and broke the $0.4700 and $0.4600 support levels. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $0.4324 low to $0.4745 high.

It is currently trading well below the $0.4600 level and the 100 hourly simple moving average. More importantly, there is a short term declining channel in place with resistance at $0.4540 on the hourly chart of the XRP/USD pair. An immediate support is the 61.8% Fib retracement level of the last wave from the $0.4324 low to $0.4745 high at $0.4480. Below this, the price could test the next key supports near the $0.4460 and $0.4425 levels in the near term. On the upside, a break above the $0.4540 and $0.4600 resistances may open the doors for a fresh upside.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is approaching a few important supports above $0.4400. As long as the price is above $0.4400, it could bounce back in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD has moved back in the bearish zone.

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

Major Support Level – $0.4400

Major Resistance Level – $0.4540

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin ETF Launches Next Week as Maxi Doge Presale Breaks $4M

Dogecoin ETF Launches Next Week as Maxi Doge Presale Breaks $4M

What to Know: Grayscale’s Dogecoin ETF is likely to launch on November 24, marking a significant step for Dogecoin’s institutional...

Aaron Walker 52 minutes ago

百家樂必勝法〡賭場退休荷官揭露百家樂贏家下注模式和贏錢秘技!

在賭場工作三十多年,從荷官到監控室主管,我見過太多玩家在百家樂桌前靠感覺下注,也看過少數人能夠在賭桌上真正存活並帶著籌碼離開。百家樂之所以讓玩家誤以為單靠運氣就能翻身,是因為它的規則簡單、走勢直觀,但...

newsbtc 54 minutes ago
Is SOL Undervalued? $BEST Token and Its Web3 Wallet Could Be the Next 10x Opportunity

Is SOL Undervalued? $BEST Token and Its Web3 Wallet Could Be the Next 10x Opportunity

What to Know: Solana’s ecosystem growth and institutional integrations highlight rising demand for tools that match its speed, security, and...

Aaron Walker 55 minutes ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto & Tchéquie : la banque centrale empile du BTC

guillaumev Just now

Najlepšie altcoiny, ktoré sa oplatí sledovať v októbri 2025: BlockDAG, Solana, Ethereum a Bitcoin Hyper vedú nový blockchainový trend

Kováč Martin 10 minutes ago
CoinPoker открыл грандиозное сражение в мире кэш-игр

CoinPoker открыл грандиозное сражение в мире кэш-игр

dariajz 21 minutes ago

Premium Sponsors

Press Releases

  • ChatGPT Dự Đoán Giá Bitcoin, XRP Và Ethereum

    ChatGPT đưa ra dự báo giá cho XRP, Solana và...

    16 hours ago
  • Best Meme Coins to Buy Now

    Meme Coin Tiềm Năng Nên Mua Ngày 16 Tháng 11...

    16 hours ago
  • Các Đồng Coin Tiềm Năng Nên Mua

    Các Đồng Coin Tiềm Năng Nên Mua, 4 Dự Án Presale...

    16 hours ago
  • cheap altcoins

    Các Alt Coin Nên Theo Dõi Tháng 11 2025: Bitcoin Hyper...

    16 hours ago
  • イーサリアム...

    20 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.