• 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
  • Invest BTCTry
  • Join STC ICOBuy
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
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Ripple

XRP Rally Pauses at Historic Resistance Level as Crypto Markets Falter

Cole Petersen by Cole Petersen
1 year ago
in Ripple, Cryptocurrency news
Reading Time: 2min read
XRP
Advertisement

XRP has been one of the best performing cryptocurrencies in recent times despite its lackluster price action throughout the first half of the year, and its recent series of surges have brought its price to just below its historical resistance level around $0.30.

It is important to note that XRP has lost some of its momentum amidst the downturn in the aggregated crypto market, which has been driven by Bitcoin’s inability to post any notable surge from its recent lows within the upper-$7,000 region.

XRP Rally Slows as Bitcoin Consolidates Around $8,000 

At the time of writing, XRP is trading down marginally at its current price of $0.291, which marks a slight retrace from its recent highs of over $0.30 that were set just a couple of days ago.

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

Despite XRP’s inability to surge decisively past $0.30, it is imperative to note that the cryptocurrency has surged significantly from its recent lows of $0.24 that were set in the past couple of months, and that it has been able to post these gains concurrently with Bitcoin’s drop below $10,000 – which has halted the momentum that many major altcoins have garnered in recent times.

Bitcoin has continued consolidating around $8,000 for the past several weeks and has failed to garner any notable momentum in either direction, which appears to be a relatively positive thing for XRP’s price action in the near-term.

Importantly, it is likely that XRP will follow Bitcoin’s lead should it plummet lower from its current price levels, so it is important that BTC continues trading sideways or begins surging higher if XRP is to gain a solid footing within the $0.30 region.

Crypto May Dip Lower in Near-Term as it Hits Year-Old Resistance Level

XRP’s inability to continue climbing over the past several days stems from its recent visit to a year-long resistance level that has consistently proven to be a difficult level for bulls to break above.

The Crypto Dog, a popular cryptocurrency analyst on Twitter, spoke about this level in a recent tweet, noting that he is taking some profits off the table as it trades just underneath this resistance level.

“$XRP cooked? Currently pausing at this near year-old resistance, I’ve taken profits directly into $USDT. I’ve made managed to milk some solid wins over the last few pumps, not trying to be greedy. If I see another opportunity to long the standard, I’ll jump right back in,” he explained.

$XRP cooked?

Currently pausing at this near year-old resistance, I've taken profits directly into $USDT.

I've made managed to milk some solid wins over the last few pumps, not trying to be greedy. If I see another opportunity to long the standard, I'll jump right back in. pic.twitter.com/AaJfOMYXI1

— The Crypto Dog? (@TheCryptoDog) October 20, 2019

The comings few days may elucidate XRP’s mid-term trend, as its reaction to its immediate resistance level may set the tone for how it trends in the coming weeks and months.

Featured image from Shutterstock.
Tags: cryptoRipplexrp
TweetShare24
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
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Related Posts

Fundamentals go Out The Window, $1 Dogecoin incoming?

Fundamentals go Out The Window, $1 Dogecoin incoming?

5 hours ago
polkacover

PolkaCover Launches the Platform’s Demo Decentralized Application

5 hours ago
okex

Celsius Network’s CEL Token Now Listed on OKEx

7 hours ago
Cardano Founder Spills The Beans on “Fakeness” of Silicon Valley

Cardano Founder Spills The Beans on “Fakeness” of Silicon Valley

17 hours ago
Chainlink LINK

How Chainlink 2.0 Will Expand The Reach for DeFi and Smart Contracts

20 hours ago
Yearn Finance YFI

How DeFi Season Could Send YFI To $270,000 Per Token

21 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

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

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

User-Friendly Interface Is Key to Wisebitcoin’s Steady Growth

April 16, 2021

Sign up and Get Free $30 Coupon With Nhash Cloud Mining Services

April 15, 2021

On CROSS, NFT Loans is supported

April 15, 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
  • Invest BTC
  • Join STC ICO

© 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.