• 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

Ripple Price (XRP) Hesitates But Further Recovery Seems Likely

Aayush Jindal by Aayush Jindal
4 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement
  • Ripple price is holding the $0.2650 support and is correcting higher against the US dollar.
  • Bitcoin price rallied 5%, but it failed to continue above the $10,500 resistance area.
  • There is a key major bullish trend line with support near $0.2680 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to extend its recovery towards the key $0.2900 and $0.2920 resistance levels.

Ripple price is showing signs of a decent recovery against the US Dollar, but struggling vs bitcoin. XRP price might climb higher above $0.2800, but $0.2900-0.2920 could cap upsides.

Ripple Price Analysis

This past week, XRP price extended its decline below the $0.2800 support against the US Dollar. Moreover, the price traded below $0.2620 and tested the $0.2580 support area. Later, there was a decent upward move above the $0.2650 and $0.2700 resistance levels. Moreover, the price climbed above the $0.2750 resistance plus the 100 hourly simple moving average, and traded towards the $0.2800 resistance.

A swing high is formed near the $0.2806 and it is currently correcting gains. It traded below the $0.2780 level plus the 23.6% Fib retracement level of the recent wave from the $0.2658 low to $0.2806 high. On the downside, there are a few key supports near the $0.2740 and $0.2720 levels. The main support is near the $0.2715 and the 100 hourly simple moving average.

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!

Moreover, there is a key major bullish trend line with support near $0.2680 on the hourly chart of the XRP/USD pair. An immediate support is near the $0.2730 level. It represents the 50% Fib retracement level of the recent wave from the $0.2658 low to $0.2806 high. Therefore, ripple bulls might protect the $0.2700-0.2720 support area in the coming sessions.

On the upside, an initial resistance is near the $0.2780 and $0.2800 levels. A successful close above the $0.2800 resistance could open the doors for a decent ride. The main resistances are near the $0.2900 ad $0.2920 levels (the ones acted as a strong barrier this past week). Conversely, if the price fails to stay above the $0.2700 support and the trend line, it could continue to decline 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 is showing a few positive signs above the $0.2700 support and pivot area. However, the price must gain momentum above the $0.2800 resistance to revisit the main $0.2900 resistance in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently placed nicely in the bullish zone.

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

Major Support Levels – $0.2720, $0.2700 and $0.2680.

Major Resistance Levels – $0.2780, $0.2800 and $0.2900.

Tags: Ripplexrp
Tweet123Share214ShareSend
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

XRP

XRP Might Target $0.50 If It Continues To Trade Above This Level

2 days ago
litecoin rally

Why Litecoin Could Be Gearing Up For Its Greatest Rally Since 2017

2 days ago
NEO

NEO Token Surges 5% In Last 24 Hours Despite Market Downtrend

2 days ago
Cardano Rally

Cardano (ADA) Price Saw Technical Breakout: Big Reaction From Bulls Imminent

3 days ago
Ethereum

Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands

3 days ago
Bitcoin

Bitcoin Price Trims Losses But Remains In Range, What Could Trigger Fresh Rally

3 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Bashar DAO Launches BASHAR Token: For the Betterment of the Arab Region

March 26, 2023

Futures of metaverse tokens like The Sandbox (SAND), and Decentraland (MANA) are very blurry, while Defi Giant RenQ Finance (RENQ) remains the hottest crypto of 2023

March 26, 2023

TMS Network (TMSN) Poised to Become the Next 1000x Token, Magic (MAGIC) Down 8.38%, and Binance (BNB) among the few Cryptos with an Exciting Future

March 26, 2023

ShibaLauncher: First Community Driven Launchpad on Shibarium Opens Token Pre Sale To SHIB Holders

March 25, 2023

As the competition in the derivatives market heats up, BitMake is poised to stand out

March 25, 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.