• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
technical analysis ripple

Ripple (XRP) Price Watch: More Bulls Joining, Next Upside Targets

newsbtc by newsbtc
5 years ago
in Uncategorized
Reading Time: 2 mins read

Ripple Price Key Highlights

  • Ripple looks ready to resume its climb after pulling back on its upside breakout.
  • Recall that price busted through a long-term descending channel to signal that a long-term uptrend is in the cards.
  • Price has since found support at the area of interest around the 0.4500 mark and 61.8% Fib.

Ripple looks set to resume its climb as bulls defended the area of interest at the 61.8% Fiboancci retracement level.

Technical Indicators Signals

The 100 SMA just recently completed its bullish crossover from the 200 SMA to signal that the path of least resistance is to the upside. This means that the uptrend is more likely to resume than to reverse.

More bulls also appear to have joined in on the dip to the 61.8% Fibonacci retracement level, which happened to line up with the area of interest there. Price could make its way to the next upside target around the .6000 level or the spike higher close to the .8000 mark.

Stochastic is also pulling up from the oversold region to signal a return in bullish pressure. A bit of bullish divergence can also be seen as price made higher lows while stochastic had lower lows. RSI seems to have some room to head south, though, so another dip could find support at the former double bottom neckline, broken descending trend line, or moving averages dynamic inflection points.

XRPUSD Chart from TradingView
XRPUSD Chart from TradingView

Sentiment in the industry has improved as Google will reportedly be lifting its ban on bitcoin and ICO ads by October. Recall that the tech company previously banned these on their search engine in order to protect consumers.

However, the company will only be approving ads from regulated cryptocurrency companies based in the US and Japan, so it’s a relatively limited market. Still, it could revive interest in cryptocurrencies in these countries, which still account for majority of trading volumes.

Tags: buy xrpRipple PriceRipple Technical AnalysisRipple tradingxrpusd price
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

Polkadot

Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

42 mins ago
Bitcoin casino – Top Bitcoin casino bonuses

Bitcoin casino – Top Bitcoin casino bonuses

2 hours ago
Bitcoin

Bitcoin Shows Recovery: Did This Historical Line Act As Support Again?

2 hours ago
Dogecoin

Dogecoin Bounces Off $0.070 Mark, Awaits Breakthrough of Crucial Hurdle

4 hours ago
Floki Inu

Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot?

5 hours ago
BTC bet – Top BTC casinos

BTC bet – Top BTC casinos

6 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Is InQubeta the Best Utility Crypto of 2023? Huge Growth...

    46 mins ago
  • Coinbase launches campaign to educate public on blockchain...

    2 hours ago
  • Utility Coins like Avorak AI will always outperform memes...

    2 hours ago
  • Expect Tremendous Returns for DigiToads (TOADS), Near...

    2 hours ago
  • OpenAI crypto project Worldcoin raises $115M Tradecurve to...

    3 hours ago

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.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2022 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.