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 To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • 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 To Recover $100,000: BTIG Cites Key Reasons For Optimism

Ripple (XRP) Price Plunges to $0.22: Can Bulls Save This Key Support?

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 2:16 pm
2 mins read
Ripple (XRP)

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 is down 5% and it broke the key $0.2300 support zone against the US Dollar. XRP price tested the next major support at $0.2200 and it is currently struggling to recover higher.

  • Ripple remained in a bearish zone and broke the key $0.2300 support against the US dollar.
  • The price is testing the $0.2200 support trading well below the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $0.2315 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could nosedive below the key $0.2200 support if it struggles to recover above $0.2320.

Ripple Price Testing Key Support

Yesterday, we discussed the chances of a sharp decline in ripple below $0.2300. XRP price failed to recover above the $0.2400 resistance and started a fresh decline below the key $0.2300 support level.

It declined 5% and traded below the $0.2250 support. It even spiked below $0.2200 and settled well below the 100 hourly simple moving average. A new weekly low is formed near the $0.2195 level and the price is now consolidating losses.

It is testing the 23.6% Fib retracement level of the recent decline from the $0.2351 high to $0.2195 low. On the upside, an initial resistance for the bulls is near the $0.2280 level.

Ripple (XRP) Price

Ripple price dives below $0.2250. Source: TradingView.com

The 50% Fib retracement level of the recent decline from the $0.2351 high to $0.2195 low is also near the $0.2280 level. The main resistance is now near the $0.2300 level (the recent breakdown zone). There is also a major bearish trend line forming with resistance near $0.2315 on the hourly chart of the XRP/USD pair.

To start a strong recovery wave, the price must surpass the $0.2300 and $0.2320 resistance levels. The next key resistance is near the $0.2350 level and the 100 hourly simple moving average.

More Losses in XRP?

If ripple fails to recover above the $0.2280 and $0.2300 resistance levels, there are chances of more losses. The key support for the bulls is near the $0.2200 level.

A clear break below the $0.2200 support zone might spark another nasty decline. The next major support could be near the $0.2120 level, where the bulls are likely to appear.

Technical Indicators

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

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting higher towards the 40 level.

Major Support Levels – $0.2210, $0.2200 and $0.2120.

Major Resistance Levels – $0.2280, $0.2300 and $0.2320.

Tweet123Share196ShareSend
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

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 Slides Under Support Level

XRP Price Hovers at Key Support, Fueling Debate Over Incoming Breakout

XRP price started a fresh decline below $2.10. The price is now struggling and faces resistance near the $2.050 pivot...

Aayush Jindal 3 hours ago
Ethereum

Ethereum Speculators Add $654M In Bets As Price Plunges To $2,800

Data shows the Ethereum Open Interest has shot up by more than 4% following the sharp move down in the...

Keshav Verma 4 hours ago
Ethereum Price Dips Further

Ethereum Takes a Blow, Though Buyers Continue Shielding Key Price Floors

Ethereum price started a fresh decline below $2,880. ETH is now attempting to recover from $2,720 but the bulls might...

Aayush Jindal 4 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

XRP

XRP Crashes 9.5%, But TD Sequential Flashes A Buy Signal

Keshav Verma 1 hour ago
Avalanche

Avalanche Coils For Impact: This Indicator Signals A Massive Move Ahead

Godspower Owie 2 hours ago
Solana (SOL) Sees Red

Solana (SOL) Slips Toward Key Support While Markets Brace for Next Big Move

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • ChatGPT dự đoán crypto có thể x1000

    ChatGPT dự đoán crypto có thể x1000, Bitcoin Hyper...

    8 hours ago
  • Trader có tỉ lệ thắng 100% vừa vào lệnh long 3...

    10 hours ago
  • リップル 今後:2026年末に5.50ドル到達は現実的か?

    リップル...

    13 hours ago
  • Trader with 100% Win Rate Goes Long on These 3 Cryptocurrencies

    Trader 100%-os nyerési aránnyal long pozíciót nyit...

    15 hours ago
  • 急落の中で試される重要サポ

    イーサリアム...

    15 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.