• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • 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
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • 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
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Ripple (XRP)
Nexo Logo

Charted: Ripple (XRP) Approaching Make-or-Breaks Levels, $0.47 Is The Key

Aayush Jindal by Aayush Jindal
1 year ago
in XRP
Reading Time: 2 mins read
Advertisement

Ripple is struggling to settle above $0.5000 and slowly declining against the US Dollar. XRP price must stay above $0.4800 and $0.4750 to avoid a major downside break.

  • Ripple formed a swing high near $0.5940 and declined below $0.5200 against the US dollar.
  • The price is now trading below the $0.5000 zone and the 100 simple moving average (4-hours).
  • There is a crucial bearish trend line forming with resistance near $0.5370 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair is slowly moving towards a significant support at $0.4800 and $0.4750.

Ripple’s XRP Price is Showing Bearish Signs

In the past few days, ripple’s XRP price made many attempts to gain momentum above $0.6000, but it failed. There were many failures noted near $0.6000 and the 100 simple moving average (4-hours).

The price is currently declining and trading well below the $0.5200 pivot level. The last swing high was formed near $0.5939 before there was a drop below $0.5000. A low is formed near $0.4800 and the price is currently consolidating losses.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Recently, there was a fresh increase in bitcoin and Ethereum, but upsides were capped in XRP above $0.5200. There was a break above the 23.6% Fib retracement level of the downward move from the $0.5939 high to $0.4802 swing low.

Ripple’s XRP Price

Source: XRPUSD on TradingView.com

On the upside, the first major resistance is near the $0.5200 level. The next major resistance is near the $0.5380 level. There is also a crucial bearish trend line forming with resistance near $0.5370 on the 4-hours chart of the XRP/USD pair.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The trend line is close to the 50% Fib retracement level of the downward move from the $0.5939 high to $0.4802 swing low. A close above $0.5200 and $0.5400 could open the doors for a strong increase in the coming days. The next major resistance is still near the $0.6000 level.

Downside Break in XRP?

If ripple fails to correct above $0.5200, it could continue to move down. The first major support is near the $0.4800 and $0.4750 levels.

A downside break below the $0.4750 level could spark a major decline below the $0.4500 support. In the stated case, the price could dive towards the $0.4200 support.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 40 level.

Major Support Levels – $0.4800, $0.4750 and $0.4500.

Major Resistance Levels – $0.5200, $0.5380 and $0.5400.

Tags: XRPBTCXRPUSDxrpusdt
Tweet123Share196ShareSend
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 whales

XRP Whales Boost Accumulation Appetite, Register 2-Month Peak Holding Supply

10 hours ago
Ripple

Ripple (XRP) Struggles To Breach $0.45 Level, Down 16% In Last 7 Days

1 week ago
Ripple

Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

2 weeks ago
xrp

XRP Price Rebounds, Up 6% In 24 Hours, After Suffering Major Hiccup

3 weeks ago
Altcoins ready to bull

These Two Altcoins Are Ready For Major Pullback, Says Crypto Analyst

3 months ago
Ripple vs. SEC

XRP Price Surges – Is Ripple Winning The Fight Against SEC?

4 months ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List Value Interlocking Exchange Coin (VIC) on May 30, 2022

May 27, 2022

LBank Exchange Will List TEAK COIN (TEAK) on May 30, 2022

May 27, 2022

Solana (SOL) and Cardano (ADA) begin to recover as crypto market braces for emergence of Sanzooz Finance (SZFT)

May 27, 2022

Watchlist Essentials: Discounted Blue-Chips Ripple (XRP) and Avalanche (AVAX); Presale For Quitriam Finance (QTM)

May 27, 2022

3 Coins to Potentially Elevate Your Finances: Logarithmic Finance (LOG), KuCoin Token (KCS), and Litecoin (LTC)

May 27, 2022

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.

COMPANY

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

Technical Analysis

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

LINKS

Crypto Prices from Nomics

Cryptocurrency news

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

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • 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
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 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.