• 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 Price Analysis: XRP/USD Facing Key Resistance Near $0.2750

Aayush Jindal by Aayush Jindal
5 years ago
in Technical analysis
Reading Time: 2 mins read

Key Highlights

  • Ripple price extended losses and broke the $0.2500 support zone against the US dollar.
  • There are two bearish trend lines in place with resistance at $0.2650 and $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is under a lot of pressure and it remains sell on rallies near the $0.2750 level.

Ripple price is clearly in a downtrend against the US Dollar and Bitcoin. XRP/USD could correct higher, but it is facing a major resistance near $0.2750.

Ripple Price Resistance

There was no major recovery noted above the $0.2800 level in Ripple price recently against the US Dollar. The XRP/USD pair remained in a bearish zone and it extended losses below the $0.2600 and $0.2500 levels. A new weekly low was formed near the $0.2492 level before there was an upside correction. The price moved above the 23.6% fib retracement level of the last slide from the $0.2890 swing high to $0.2490 swing low.

However, the price failed to move above the $0.2650 resistance, which was a support earlier. Besides, there was no test of the 50% fib retracement level of the last slide from the $0.2890 swing high to $0.2490 swing low. More importantly, there are two bearish trend lines in place with resistance at $0.2650 and $0.2750 on the hourly chart of the XRP/USD pair. Therefore, if the price continues to move higher, it could face a strong resistance near the $0.2750 resistance and the 100 hourly simple moving average.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price remains in a downtrend below $0.2750. On the downside, a break below the $0.2450 support could trigger heavy declines. The next targets for sellers could be near the $0.2400 support in the short term.

Looking at the technical indicators:

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

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

Major Support Level – $0.2500

Major Resistance Level – $0.2750

Tags: OpinionRipple PriceRipple Price AnalysisRipple Price ChartRipple Price Forecastripple xrptradingxrpxrp btcxrp usdXRPUSD
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Tron (TRX) Witnesses Significant Price Surge Following Bittorrent Bridge Launch

Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

2 hours ago
Ripple (XRP)

XRP Price Prediction: Bulls Aim Big After Recent Surge Above $0.5

2 days ago
Ethereum

Ethereum Price Smashes Resistance, $1,900 Could Be Next

2 days ago
Bitcoin

Bitcoin Price Faces Confluence of Bearish Factors And Could Decline Heavily

3 days ago
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

BNB Price Prediction: Risk of Sharp Drop Below $300

3 days ago
Ethereum Price ETH

Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920

3 days ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    4 days ago
  • Best Crypto Meme Coin Presales in 2023

    4 days ago

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

  • As Pepe (PEPE) Hype Becomes History, DigiToads (TOADS)...

    45 mins ago
  • InQubeta (QUBE) Could Overtake Aave (AAVE) in Market Cap...

    45 mins ago
  • AI Analytics: SingularityNET, Ripple, and The Sandbox Top...

    2 hours ago
  • According to experienced traders, Aave (AAVE) and InQubeta...

    6 hours ago
  • Avalanche price at important support level, Quant price to...

    7 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

© 2023 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

© 2023 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.