• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, June 10, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

A Key Trend is Forming For Ripple (XRP) and a Swift Rally Could Occur

18 August 2020
in XRP
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Ripple is up over 5% and it revisited the $0.3250 resistance zone against the US Dollar. XRP price is correcting gains, but it is likely to surge further above $0.3300.

  • Ripple gained bullish momentum and climbed above the $0.3200 resistance against the US dollar.
  • The price traded to a new weekly high near the $0.3280 level and it settled well above the 100 hourly SMA.
  • There is a short-term contracting triangle forming with resistance near $0.3235 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair seems to be following a nice uptrend and the price could continue above $0.3250 and $0.3300.

Ripple Price Gains 5%

In yesterday’s analysis, we discussed a strengthening case for ripple above the $0.3055 resistance. XRP price was able to clear the $0.3055 and $0.3065 resistance levels.

As a result, there was a strong increase above the $0.3120 and $0.3200 resistance levels. The price is up over 5% and it even spiked above the $0.3250 resistance. A new weekly high near the $0.3280 level and it settled well above the 100 hourly SMA.

The price is currently correcting lower and trading below $0.3200. There was a break below the 23.6% Fib retracement level of the recent surge from the $0.2975 low to $0.3279 high. An initial support is near the $0.3150 level.

Ripple price surpasses $0.3200. Source: TradingView.com

The next major support is near the $0.3120 level. It is close to the 50% Fib retracement level of the recent surge from the $0.2975 low to $0.3279 high. It seems like there is a short-term contracting triangle forming with resistance near $0.3235 on the hourly chart of the XRP/USD pair.

If the bulls succeed in clearing the triangle resistance, there are chances of a strong increase above the $0.3250 and $0.3260 resistance levels. The next hurdle is near the $0.3300 level, above which the price might even climb above the $0.3320 level.

Resistance Turned Support for XRP

If ripple starts an extended downside correction, the $0.3120 support level is likely to stop losses. If there is a downside break below $0.3120, the price could test the $0.3080 support.

Any further losses may perhaps lead the price towards the main $0.3055 support zone (the previous major resistance and breakout zone).

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now moving in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still above the 50 level.

Major Support Levels – $0.3150, $0.3120 and $0.3080.

Major Resistance Levels – $0.3235, $0.3250 and $0.3300.



Source link

Related articles

ChatGPT explains why these Ethereum, Tradecurve, and XRP destined for success

ChatGPT explains why these Ethereum, Tradecurve, and XRP destined for success

10 June 2023
Cardano Founder Wants Truce With XRP Community

Cardano Founder Wants Truce With XRP Community

10 June 2023
Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: FormingkeyOccurRallyRippleSWIFTTrendXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Here are the Levels Analysts are Watching That Will Determine Bitcoin’s Future

Next Post

Bitcoin News Roundup for Aug. 17, 2020

Related Posts

ChatGPT explains why these Ethereum, Tradecurve, and XRP destined for success

ChatGPT explains why these Ethereum, Tradecurve, and XRP destined for success

10 June 2023
0

The cryptocurrency market continues to captivate investors and enthusiasts, with numerous digital assets competing for attention and investment. Today, we...

Cardano Founder Wants Truce With XRP Community

Cardano Founder Wants Truce With XRP Community

10 June 2023
0

Godfrey Benjamin In surprising move, Cardano founder Charles Hoskinson called for truce with XRP community Read U.TODAY on Google News...

XRP Price Analysis – 10 June 2023 | Market Insights

XRP Price Analysis – 10 June 2023 | Market Insights

10 June 2023
0

Introduction Welcome to our comprehensive price analysis report for XRP as of June 10, 2023. This report is based on...

XRP’s uptrend defies market turmoil, details inside…

XRP’s uptrend defies market turmoil, details inside…

10 June 2023
0

Ripple decouples from the market, with an upward trend of over 26% from 9 May to 9 June. Ripple’s social...

Cardano’s Charles Hoskinson May Patch Up With XRP Community

Cardano’s Charles Hoskinson May Patch Up With XRP Community

10 June 2023
0

Crypto Market News: After publicly criticizing XRP community over online trolling, Cardano founder Charles Hoskinson finally appears to be interested...

Load More
Next Post

Bitcoin News Roundup for Aug. 17, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Commission
  • Shiba Inu’s Shibarium Best Timing Hinted by Shiba Ecosystem Official
  • How Does it Rank Saturday on Long-Term Trading Metrics?

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,471.00-0.13%
  • ethereumEthereum(ETH)$1,839.74-0.37%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$261.99-0.38%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.531.46%
  • staked-etherLido Staked Ether(STETH)$1,838.76-0.32%
  • cardanoCardano(ADA)$0.308533-4.97%
  • dogecoinDogecoin(DOGE)$0.0689841.86%
  • solanaSolana(SOL)$18.50-1.12%
  • matic-networkPolygon(MATIC)$0.76-1.76%
  • tronTRON(TRX)$0.0782071.03%
  • litecoinLitecoin(LTC)$89.541.46%
  • polkadotPolkadot(DOT)$5.030.31%
  • avalanche-2Avalanche(AVAX)$13.990.54%
  • binance-usdBinance USD(BUSD)$1.000.05%
  • shiba-inuShiba Inu(SHIB)$0.0000080.12%
  • daiDai(DAI)$0.99-0.58%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,474.00-0.23%
  • uniswapUniswap(UNI)$4.62-0.08%
  • leo-tokenLEO Token(LEO)$3.530.49%
  • chainlinkChainlink(LINK)$6.000.41%
  • cosmosCosmos Hub(ATOM)$9.30-1.64%
  • okbOKB(OKB)$44.950.94%
  • moneroMonero(XMR)$141.97-0.79%
  • ToncoinToncoin(TON)$1.690.69%
  • ethereum-classicEthereum Classic(ETC)$16.990.30%
  • stellarStellar(XLM)$0.0878380.35%
  • bitcoin-cashBitcoin Cash(BCH)$110.97-0.47%
  • true-usdTrueUSD(TUSD)$1.000.15%
  • lido-daoLido DAO(LDO)$2.19-0.04%
  • internet-computerInternet Computer(ICP)$4.272.46%
  • filecoinFilecoin(FIL)$4.09-0.63%
  • quant-networkQuant(QNT)$108.16-3.64%
  • hedera-hashgraphHedera(HBAR)$0.0484290.58%
  • AptosAptos(APT)$7.60-0.46%
  • crypto-com-chainCronos(CRO)$0.058179-1.71%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.130.24%
  • nearNEAR Protocol(NEAR)$1.40-0.87%
  • vechainVeChain(VET)$0.017193-3.75%
  • apecoinApeCoin(APE)$2.88-1.04%
  • the-graphThe Graph(GRT)$0.111854-1.53%
  • paxos-standardPax Dollar(USDP)$1.000.01%
  • fraxFrax(FRAX)$1.000.10%
  • BSCEXBSCEX(BSCX)$262.6184.43%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.902.00%
  • rocket-poolRocket Pool(RPL)$47.340.20%
  • blockstackStacks(STX)$0.65-1.35%