• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Ripple

Ripple (XRP) Topside Bias Vulnerable Unless It Surges Past $0.195

Aayush Jindal by Aayush Jindal
8 months ago
in Ripple, Technical analysis
Reading Time: 2min read
Ripple (XRP)
Advertisement

Ripple is currently consolidating below the $0.1900 resistance against the US Dollar. XRP price must settle above $0.1950 and the 100 SMA (H4) to start a strong rally in the near term.

  • Ripple price is slowly moving higher after testing the $0.1850 support against the US dollar.
  • The price is still trading well below $0.1920 and the 100 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $0.1890 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair must surpass the $0.1920 and $0.1950 resistance levels to start a fresh increase.

Ripple Price Facing Uphill Task

This past week, ripple followed a bearish path below the $0.1950 pivot level. XRP price broke many important supports near the $0.1920 level to move into a bearish zone.

It tested the $0.1850 support and settled well below the 100 simple moving average (4-hours). It traded as low as $0.1848 and recently started an upside correction. There was a break above the $0.1880 resistance level.

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

The bulls even pushed the price above the 23.6% Fib retracement level of the downward move from the $0.1986 high to $0.1848 low. Moreover, there was a break above a major bearish trend line with resistance near $0.1890 on the 4-hours chart of the XRP/USD pair.

Ripple Price

Ripple price below $0.1900. Source: TradingView.com

Ripple price is currently consolidating above the broken trend line and below $0.1900. The first major resistance is near the $0.1920 level and the 100 simple moving average (4-hours). The 50% Fib retracement level of the downward move from the $0.1986 high to $0.1848 low is also near $0.1917.

The main breakout resistance is near the $0.1950 level. If there is a successful break above $0.1920 and $0.1950, the price could start a steady increase. The next key resistance is near $0.2000, followed by $0.2080.

Fresh Decline in XRP?

If ripple price fails to continue higher above $0.1920 or $0.1950, there are chances of a fresh decline. An initial support is near the $0.1880 level.

The first key support is near the $0.1850 level, below which the bulls might struggle to protect $0.1825. Any further losses could lead the price below $0.1800 in the near term.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is struggling to gain momentum in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.

Major Support Levels – $0.1850, $0.1825 and $0.1800.

Major Resistance Levels – $0.1920, $0.1950 and $0.2000.

Take advantage of the trading opportunities with Plus500

Risk disclaimer: 76.4% of retail CFD accounts lose money.

Tags: RipplexrpXRPUSDxrpusdt
TweetShare17
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 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

Rare Homer Simpson Pepe NFT Sells For $312k

Rare Homer Simpson Pepe NFT Sells For $312k

2 hours ago
Binance Coin Price

Charted: Binance Coin (BNB) Gains Momentum, Why Dips Are Attractive

4 hours ago
Ethereum

TA: Why Ethereum Close above $1,600 Could Stage A Strong Rally

6 hours ago
Bitcoin

TA: Bitcoin Revisits $50K, Why BTC Could Still Struggle Near $51K

8 hours ago
bitcoin crunch time crypto analyst

Crypto Analyst: It’s Crunch Time For Ongoing Bitcoin Parabola

15 hours ago
Cardano (ADA)

Charted: Cardano (ADA) Holding Crucial Support, Why It Could Surge Again

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Easyfi Network introduces Staked Derivative Assets Money Markets on Layer 2 DeFi

March 1, 2021

Seascape Network Officially Debuts on Binance Smart Chain

March 1, 2021

What Will Happen to Oil Production and Distribution in 2021, and How Can You Make a Profit on It

February 28, 2021

Newsletter Signup


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

Auto Trading Software ▸

Cryptocurrency news

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

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 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.