• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
technical analysis ripple

Bitcoin Is Surging While Ripple Price (XRP) Price Remains Vulnerable

Aayush Jindal by Aayush Jindal
4 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement
  • Ripple price failed to break the $0.4080 and $0.4100 resistance levels against the US dollar.
  • The price declined recently and broke the key $0.4020 and $0.4000 support levels.
  • This week’s followed key bullish trend line was breached with support near $0.4015 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is now trading well below $0.4000 and it may continue to struggle in the near term.

Ripple price is struggling to continue higher above $0.4100 against the US Dollar, and declined heavily vs bitcoin. XRP price could revisit the $0.3850 support before a decent recovery.

Ripple Price Analysis

In the past two sessions, bitcoin price extended gains above $12,800 and $13,000. However, ripple price failed to break the $0.4080 and $0.4100 resistance levels. The last swing high was near the $0.4078 and recently the price declined below the $0.4040 support. Moreover, there was a break below key $0.4020 and $0.4000 support levels. The price even spiked below the $0.3920 support and the 100 hourly simple moving average.

More importantly, this week’s followed key bullish trend line was breached with support near $0.4015 on the hourly chart of the XRP/USD pair. The pair traded as low as $0.3903 and it is currently correcting higher. It broke the $0.3940 level plus the 23.6% Fib retracement level of the recent decline from the $0.4078 swing high to $0.3903 low.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

On the upside, there are a few important resistances formed near the $0.3990 and $0.4000 levels. Moreover, the 50% Fib retracement level of the recent decline from the $0.4078 swing high to $0.3903 low is near the $0.3990 level to act as a resistance. There is also a connecting bearish trend line forming with resistance near $0.4000 on the same chart for ripple.

Therefore, a successful close above the $0.3900 and $0.4000 levels is needed for a fresh recovery. However, the price may continue to struggle near the $0.4080 and $0.4100 resistance levels. A convincing break above the $0.4100 level is needed for a sharp recovery in the coming sessions.

Ripple Price Analysis XRP Chart

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Looking at the chart, ripple price seems to be facing many hurdles on the upside such as $0.4000, $0.4080 and $0.4100. Therefore, as long as the price is below $0.4100, there is a risk of more losses. An immediate support is near $0.3850, below which the price may revisit the main $0.3750 support level.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is likely to move back in the bullish zone.

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

Major Support Levels – $0.3900, $0.3850 and $0.3750.

Major Resistance Levels – $0.4000, $0.4080 and $0.4100.

Tags: Ripplexrp
Tweet123Share225ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

AVAX Price Could Rally

AVAX Price Prediction: Avalanche Bulls Aim $20 or Higher

3 hours ago
Ethereum Price

Ethereum Price Just Saw Key Technical Correction But Key Support Intact

3 hours ago
Bitcoin

Bitcoin Price Corrects But Uptrend Is Still Intact and BTC Could Rally Again

4 hours ago
Bitcoin Price Retests $27K Following Fed Rate Decision

Bitcoin Price Retests $27K Following Fed Rate Decision

12 hours ago
Ripple XRP

XRP Bulls in Control: What’s Driving The Recent Price Surge?

15 hours ago
ADA and XRP

XRP, ADA Lead Market Rally With Double-Digit Gains, More Upside To Come?

17 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

TMS Network (TMSN) Presale Success Stirs Markets While Experts Advise To Be Cautious With Conflux (CFX) And Ravencoin (RVN)

March 23, 2023

Solana (SOL) Price Prediction; TMS Network ICO (TMSN) And Avalanche (AVAX) Shines

March 23, 2023

Cryptocurrencies To Get Before April 2023 Ends: Conflux (CFX), yearn.finance (YFI) and TMS Network (TMSN)

March 23, 2023

ScalingX and Buidlbox Partner to Host “The Hunt for X” Zero-Knowledge Tech Hackathon

March 22, 2023

Why is Avorak AI Pumping? – a Guide To AI Cryptos, Fetch.ai, SingularityNET, And More

March 22, 2023

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.

Links

Crypto Prices from Nomics

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
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 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.