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 (XRP) Price & Time: Downside Thrust Before Fresh Increase

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:15 pm
2 mins read
Ripple Price Time

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.

Ripple was rejected near the $0.2250 resistance area against the US Dollar, similar to bitcoin near $8,450. As a result, there was a downside correction in XRP below $0.2150 and $0.2100.

  • Ripple price is down more than 10% and it is now trading below $0.2100 against the US dollar.
  • The price even failed to stay above the key $0.2080 support area.
  • There is a major bearish trend line forming with resistance near $0.2105 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • There are chances of more losses unless the price climbs above $0.2100 and $0.2100.

Ripple Price Facing Hurdles

After a strong increase, ripple failed to surpass the $0.2250 resistance area against the US Dollar. There was a sharp bearish reaction in XRP and the price declined below the $0.2150 support.

Moreover, there was a break below the $0.2100 support and the 100 hourly simple moving average. The bulls even failed to protect the $0.2080 support and the price traded as low as $0.2031.

A similar price action was observed for bitcoin after it was rejected near the $8,450 level. BTC is down 5% and it broke the $8,080 support area.

Looking at ripple, it is currently correcting higher after trading as low as $0.2031. It recovered above the 23.6% Fib retracement level of the recent decline from the $0.2170 high to $0.2031 low.

However, the previous support near $0.2080 is now acting as a hurdle. More importantly, there is a major bearish trend line forming with resistance near $0.2105 on the hourly chart of the XRP/USD pair.

The 50% Fib retracement level of the recent decline from the $0.2170 high to $0.2031 low is also near the $0.2100 level to prevent an upside break. Therefore, ripple needs to climb above $0.2080, $0.2100 and $0.2120 to start a fresh increase.

One Final Push In XRP To $0.2000?

The current price action suggests that XRP might be setting up for a final downside thrust below the $0.2050 level. In the mentioned scenario, the price might spike towards $0.2000 or $0.1980 before it starts a new upward move.

Ripple Price
Ripple Price

Looking at the chart, ripple price is clearly broke a couple of important supports to invalidate the chances of a run towards $0.2400. Still, the price is likely to bounce back until there is no daily close below $0.2000.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is about to move into the bullish zone.

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

Major Support Levels – $0.2050, $0.2000 and $0.1980.

Major Resistance Levels – $0.2080, $0.2100 and $0.2120.

Tweet123Share218ShareSend
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

XRP Price Battles Breakout Resistance

XRP Price Battles Breakout Resistance With Momentum Showing Mixed Signals

XRP price started a fresh decline below $2.250. The price is now attempting to recover and faces resistance near the...

Aayush Jindal 4 hours ago
Ethereum news

Ethereum Price Will Bottom This Week, Predicts Tom Lee

Fundstrat co-founder Tom Lee says Ethereum is nearing a cyclical low, arguing that on-chain fundamentals and relative valuation versus Bitcoin...

Jake Simmons 4 hours ago
Bitcoin

Bitcoin Slides Into Danger Zone, But A RSI Divergence Hints At A Turnaround

Bitcoin has slipped into a critical danger zone as support levels continue to give way, putting the market on edge....

Godspower Owie 5 hours 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

Kraken

Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel

Ronaldo Marquez 1 hour ago
solana

Solana Reclaims $140 As Second Wave Of SOL ETFs Debut – Is A Rebound Coming?

Rubmar Garcia 1 hour ago

比特幣崩盤深度解析:BTC下跌觸發因素、鏈上數據與未來市場走勢評估

Ter Yim 3 hours ago

Premium Sponsors

Press Releases

  • Top altcoins de urmărit în noiembrie 2025: Bitcoin Hyper, Maxi Doge, Pepenode și Snorter, în fruntea noului val blockchain

    Top altcoins de urmărit în noiembrie 2025: Bitcoin Hyper...

    14 hours ago
  • Top altcoiny, které sledovat v listopadu 2025 Bitcoin Hyper, Maxi Doge, Pepenode a Snorter, vedoucí novou blockchainovou vlnu

    Top altcoiny, které sledovat v listopadu 2025: Bitcoin...

    16 hours ago
  • Топ алткойни, които да следите през ноември 2025 г.: Bitcoin Hyper, Maxi Doge, Pepenode и Snorter, водещи новата блокчейн вълна

    Топ алткойни, които да следите...

    18 hours ago
  • リップル 今後:ETF期待が急速にしぼむ中、XRPは売り圧力で下落継続──2.22ドル割れなら何が起きるのか

    リップル...

    20 hours ago
  • ドージコイン 今後:0.10ドル下落の懸念と、新興ミーム系プロジェクトへ資金が移動する理由

    ドージコイン...

    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.