Technicals Point Towards Ripple (XRP) Increase To $0.27 Despite Some Roadblocks

Ripple is gaining pace above the $0.2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0.2700 resistance level as long as it is above $0.2400. Ripple is showing positive signs above the $0.2450 and $0.2500 levels against the US dollar. The price traded to a new weekly high at $0.2580 and it settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $0.2460 on the hourly chart of the XRP/USD pair (data…

Price analysis 9/16: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV

Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market. This week MicroStrategy, a Nasdaq-listed company, announced that it had added 16,796 Bitcoin (BTC) to its existing holding of 21,454 Bitcoin. This means in less than a year the firm has amassed 38,250 Bitcoin. This is a defining moment as MicroStrategy becomes the first public company to adopt a Bitcoin standard.  Other large companies may follow in MicroStrategy’s footsteps but they are likely to purchase at…

Analyst Gives 3 Reasons Why XRP Price May Fall 35%

Ripple blockchain’s native token XRP is up more than 25 percent so far into 2020. Nevertheless, the fourth-largest cryptocurrency is still looking to pare those gains, according to a string of bearish indicators brought forward by a TradingView.com analyst. The US-based chartist pitted XRP/USD against three technically bearish setups. They included a long-term Moving Average wave, a Bearish Divergence between price and momentum, and a ‘death cross.’ Together, all three suggesting an extended dive towards $0.15, a classic support level situated 35 percent below the current rate. Ripple chart shows…

Key Reasons Why Ripple (XRP) Price Could Surge Past $0.25

Ripple is recovering above the $0.2450 resistance against the US Dollar. The current technical structure suggests XRP price is likely to surge above $0.2500 and $0.2550. Ripple is slowly gaining bullish momentum above the $0.2450 resistance against the US dollar. The price is trading near the $0.2500 resistance, but it is above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate higher if it clears…

Price analysis 9/14: BTC, ETH, XRP, BNB, DOT, LINK, BCH, CRO, LTC, BSV

Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. By doing this, retail traders typically miss the larger part of relief rallies and pocket a smaller profit. On the other hand, professional investors capitalize on sharp corrective moves by purchasing if they believe that…

Ripple (XRP) Above This Confluence Resistance Could Spark Fresh Rally

Ripple retested the $0.2380 support zone against the US Dollar. XRP price is likely to start a fresh rally once it clears the 100 hourly SMA and the $0.2460 resistance region. Ripple is recovering higher after tagging the key $0.2380 support zone against the US dollar. The price is trading near the $0.2420 resistance and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must…

Price analysis 9/11: BTC, ETH, XRP, LINK, BCH, DOT, BNB, LTC, CRO, BSV

Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels. The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the majority of the consumers to continue using digital services even in the future. In order to support the digitalization, the ECB has formed a task force, which is “exploring the benefits, risks and operational challenges”…

XRP Trading at 0.24%, XRP Price Stuck in Flat

On Friday, September 11th, XRP keeps trying to escape a narrow sideways channel but the attempts are not quite successful. The cryptocurrency is generally trading at $0.2413 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On D1, XRP is correcting an uptrend.  XRP is trading above 50.0% Fibo, which means the asset might be accumulating force for breaking away the support line. Upon overcoming 50.0%, the quotations will head for 38.2% Fibo and the lower border of the ascending channel. On the MACD2, a Black Cross preserves, confirming further correction, while…

Ripple (XRP) Could Avoid Another Setback if it Stays Above 100 SMA

Ripple failed to clear the $0.2500 resistance and corrected lower against the US Dollar. XRP price must stay above $0.2380 and the 100 hourly SMA to start a fresh increase. Ripple is down 3% and it retreated lower from the $0.2485 high against the US dollar. The price is trading near the $0.2380 support and the 100 hourly simple moving average. There was a break below a major rising channel with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay…

Ripple (XRP) Just Saw A Key Technical Breakout: Relief Rally Underway

Ripple started a steady recovery wave, following bitcoin’s upward move and ethereum’s rally against the US Dollar. XRP price is likely to revisit $0.2575 or $0.2620 in the near term. Ripple is up 4% and it is trading above the $0.2350 and $0.2440 resistance levels against the US dollar. The price is showing positive signs above the $0.2450 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source…