• 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
Monday, September 25, 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

Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply

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


Ripple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone.

  • Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar.
  • The price is facing many hurdles and it is now well below the 100 simple moving average (4-hours).
  • There was a break below a crucial bullish trend line with support near $0.2440 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to decline sharply if there is a close below $0.2300 and $0.2280.

Ripple Price is Testing Important Support

This week, we saw a fresh decline in bitcoin, Ethereum, and ripple. XRP price failed to stay above the $0.2500 and $0.2450 support levels, and moved into a bearish zone.

There was a sharp decline after there was a close below the $0.2440 support and 100 simple moving average (4-hours). More importantly, there was a break below a crucial bullish trend line with support near $0.2440 on the 4-hours chart of the XRP/USD pair.

The pair even traded below the $0.2320 support and traded as low as $0.2293. It is currently consolidating losses above a significant support zone near $0.2290-$0.2300.

Ripple (XRP) price trades below $0.2350. Source: TradingView.com

On the upside, an initial resistance is near the $0.2360 level or the 23.6% Fib retracement level of the recent decline from the $0.2590 swing high to $0.2293 low. The main resistance is near the $0.2440 level (the recent breakdown zone) and the 100 simple moving average (4-hours).

The 50% Fib retracement level of the recent decline from the $0.2590 swing high to $0.2293 low is also near the $0.2440 level. A successful close above the $0.2440 resistance and the 100 SMA is must for a decent upward move in the near term.

More Losses in XRP?

If ripple fails to recover above the $0.2400 and $0.2440 resistance levels, there is a risk of more losses. The main breakdown support is forming near the $0.2290-$0.2300 zone.

A downside break and close below the $0.2290-$0.2300 zone could start a sharp decline. The next main support is near the $0.2200 level, below which the price could accelerate lower towards $0.2120.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is slowly losing pace in the bearish zone.

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

Major Support Levels – $0.2300, $0.2290 and $0.2200.

Major Resistance Levels – $0.2365, $0.2400 and $0.2440.



Source link

Related articles

BNB’s Reign, $XRP’s Buzz, or Borroe.Finance’s ($ROE) Potential? The 2023 Crypto Face-off!

BNB’s Reign, $XRP’s Buzz, or Borroe.Finance’s ($ROE) Potential? The 2023 Crypto Face-off!

24 September 2023
Interest Shifts From Ripple ($XRP) Dip toBorroe.Finance ($ROE) Rise As Investors TargetLong Term Growth

Interest Shifts From Ripple ($XRP) Dip toBorroe.Finance ($ROE) Rise As Investors TargetLong Term Growth

24 September 2023
[crypto-donation-box]
Tags: crucialdeclineHeresJunctureRippleSharplyXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

OUSD: Stablecoin that pays you interests like a bank

Next Post

Crypto Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback

Related Posts

BNB’s Reign, $XRP’s Buzz, or Borroe.Finance’s ($ROE) Potential? The 2023 Crypto Face-off!

BNB’s Reign, $XRP’s Buzz, or Borroe.Finance’s ($ROE) Potential? The 2023 Crypto Face-off!

24 September 2023
0

$BNB’s dominance is declining as Binance reduces its service offerings. Elsewhere, rumors say BlackRock might add $XRP to its digital...

Interest Shifts From Ripple ($XRP) Dip toBorroe.Finance ($ROE) Rise As Investors TargetLong Term Growth

Interest Shifts From Ripple ($XRP) Dip toBorroe.Finance ($ROE) Rise As Investors TargetLong Term Growth

24 September 2023
0

In the crypto space, resilience amid legal battles and innovative solutions to age-old problems are the hallmarks of promising projects....

XRP Ledger Gets Massive Update, $XRP Pinned Below $0.55 As $QUBE Bulls Aim for $1

XRP Ledger Gets Massive Update, $XRP Pinned Below $0.55 As $QUBE Bulls Aim for $1

24 September 2023
0

In the fast-paced world of investors and traders looking for the best cryptocurrency to invest in, developments and market movements...

Ripple Price Prediction: Here’s When XRP Price May Hit New All-Time High (ATH)

Ripple Price Prediction: Here’s When XRP Price May Hit New All-Time High (ATH)

24 September 2023
0

While Bitcoin and Ethereum grapple with price stabilization, Ripple’s XRP has emerged as a standout performer within the elite group,...

XRPL Developer Unveils Huge Vision for XRP Fiat Gateway

XRPL Developer Unveils Huge Vision for XRP Fiat Gateway

24 September 2023
0

Tomiwabold Olajide XRP adoption set to receive big boost as grand vision for fiat gateway is unveiled Read U.TODAY on...

Load More
Next Post

Crypto Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback

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!

  • Coinbase Bitcoin Holdings Rival Those of Cryptocurrency Creator Satoshi Nakamoto: Arkham
  • Bitcoin Surpasses Visa In Transaction Volume, Will Bitcoin Spark Ride The Same Wave?
  • This Week on Crypto Twitter: 11,000 Venezuelan Soldiers Bring Down Jailhouse Bitcoin Mining Operation

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)$26,054.00-1.95%
  • ethereumEthereum(ETH)$1,571.77-1.36%
  • tetherTether(USDT)$1.00-0.17%
  • binancecoinBNB(BNB)$207.05-1.60%
  • rippleXRP(XRP)$0.499598-1.84%
  • usd-coinUSDC(USDC)$1.00-0.15%
  • staked-etherLido Staked Ether(STETH)$1,568.07-1.57%
  • dogecoinDogecoin(DOGE)$0.060518-1.53%
  • cardanoCardano(ADA)$0.241814-1.64%
  • solanaSolana(SOL)$19.23-1.55%
  • ToncoinToncoin(TON)$2.18-4.81%
  • tronTRON(TRX)$0.083355-0.29%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$3.97-1.51%
  • matic-networkPolygon(MATIC)$0.51-1.93%
  • litecoinLitecoin(LTC)$63.17-2.85%
  • shiba-inuShiba Inu(SHIB)$0.000007-2.44%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,029.00-2.18%
  • bitcoin-cashBitcoin Cash(BCH)$203.10-2.74%
  • chainlinkChainlink(LINK)$6.94-3.28%
  • daiDai(DAI)$1.00-0.27%
  • true-usdTrueUSD(TUSD)$0.99-0.44%
  • leo-tokenLEO Token(LEO)$3.70-3.75%
  • uniswapUniswap(UNI)$4.21-1.62%
  • stellarStellar(XLM)$0.111965-1.48%
  • avalanche-2Avalanche(AVAX)$8.70-2.43%
  • moneroMonero(XMR)$143.120.89%
  • okbOKB(OKB)$42.49-0.76%
  • binance-usdBinance USD(BUSD)$1.00-0.48%
  • ethereum-classicEthereum Classic(ETC)$15.01-2.06%
  • cosmosCosmos Hub(ATOM)$6.93-2.02%
  • hedera-hashgraphHedera(HBAR)$0.049732-3.54%
  • filecoinFilecoin(FIL)$3.18-1.86%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • crypto-com-chainCronos(CRO)$0.050597-1.86%
  • lido-daoLido DAO(LDO)$1.45-2.51%
  • internet-computerInternet Computer(ICP)$2.90-1.85%
  • MantleMantle(MNT)$0.3950480.67%
  • AptosAptos(APT)$5.405.10%
  • quant-networkQuant(QNT)$87.58-3.67%
  • vechainVeChain(VET)$0.016446-3.14%
  • makerMaker(MKR)$1,264.09-2.76%
  • nearNEAR Protocol(NEAR)$1.09-1.95%
  • ArbitrumArbitrum(ARB)$0.81-1.64%
  • optimismOptimism(OP)$1.25-3.48%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0480125.79%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,703.11-1.63%
  • BSCEXBSCEX(BSCX)$237.190.34%
  • aaveAave(AAVE)$61.38-2.31%