• 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, January 30, 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

XRP Dips Below $0.30 Following Bitcoin’s Latest Dive, What’s Next? (Ripple Price Analysis)

19 August 2020
in XRP
Reading Time: 4 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


  • XRP fell by a total of 4% today as the coin drops back beneath $0.3 to reach $0.293.
  • At the start of this week, XRP attempted to push higher as it spiked to $0.331.
  • Against Bitcoin, XRP returned to the 200-days EMA at 2470 SAT today.

XRP/USD: XRP Breaks Beneath $0.30 Once Again

Key Support Levels: $0.286, $0.264, $0.25.
Key Resistance Levels: $0.3, $0.313, $0.321.

XRP managed to push above $0.3 on Monday as the coin penetrated a short-term falling price channel. The cryptocurrency reached as high as $0.331 before it started to head lower. Yesterday, XRP fell from $0.313 as it dropped back into the previous short-term declining channel.

This decline continued today as XRP penetrated back beneath $0.30 and reached the support at $0.285 (.236 Fib Retracement). It has since rebounded slightly to trade at $0.293. The coin has been bouncing above and below $0.3 for the entire period of August 2020, and a clean daily candle close above $0.321 could allow the bull run to continue.

XRP/USD. Source: TradingView

XRP-USD Short Term Price Prediction

If the sellers push XRP lower, the first level of support lies at $0.286 (.236 Fib retracement). If the bears continue beneath $0.28, support is located at the lower boundary of the price channel, $0.264 (.382 Fib Retracement), and $0.245 (.5 Fib Retracement).

On the other side, if the bulls can regroup and push higher, the first level of resistance lies at $0.3. Following this, additional resistance is located at $0.313 (1.414 Fib Extension), $0.321 (bearish .886 Fib Retracement), and $0.331 (1.618 Fib Extension).

The RSI poked beneath the mid-line today, suggesting that the sellers are ready to take control of the market momentum.

XRP/BTC: XRP Returns To 200-Days EMA

Key Support Levels: 2400 SAT, 2333 SAT, 2232 SAT.
Key Resistance Levels: 2560 SAT, 2630 SAT, 2700 SAT.

Against Bitcoin, XRP attempted to push above 2560 SAT at the start of the week. It did manage to spike as high as 2700 SAT but was unable to close the daily candle above 2560 SAT. Over the past couple of days, XRP fell lower from the 2560 SAT level as it dropped back into the 200-days EMA support at 2460 SAT.

XRP broke the 200-days EMA at the start of August, and this was the first time it remained above the level for more than a day since February 2019. If XRP was to break back beneath the 200-days EMA again, it could kick off another extended downtrend.

xrpbtc-aug19
XRP/BTC. Source: TradingView

XRP-BTC Short Term Price Prediction

Moving forward, if the sellers push beneath the 200-days EMA level, the first level of support lies at 2400 SAT. Beneath this, support lies at 2333 SAT (.5 Fib Retracement & 100-days EMA), 2232 SAT (.618 Fib Retracement), and 2100 SAT.

On the other side, the first level of resistance lies at 2560 SAT. Following this, resistance is found at 2630 SAT (bearish .5 Fib Retracement) and 2700 SAT.

Likewise, the RSI has dipped beneath the mid-line to indicate that the bears are now in control of the market momentum, a worrying sign for any bulls.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Enjoy reading? Please share:




Source link

Related articles

Whales Move Billions Of XRP Following Price Spike

17 January 2023

Legal expert says XRP doomsayers ‘are overstating the SEC’s chances’

17 January 2023
Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: AnalysisBitcoinsDipsDiveLatestPriceRippleWhatsXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Last Time This Metric Was This High, Ethereum Reached Its February High

Next Post

Bitcoin derivatives data shows the institutional “herd” is finally here: fund manager

Related Posts

Whales Move Billions Of XRP Following Price Spike

17 January 2023
0

The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the...

Legal expert says XRP doomsayers ‘are overstating the SEC’s chances’

17 January 2023
0

As the conclusion of the widely-publicized lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple Labs looks...

Metacade, XRP, and Tron Price Prediction for 2023, 2025 and Beyond

17 January 2023
0

The crypto market moves in mysterious ways. Or not, if you look at the historical trends. Each bull market has...

Ripple Attorney Lends Further Argument on Why SEC Is Wrong About XRP: Details

17 January 2023
0

Godfrey Benjamin Ripple lawyer John Deaton says SEC's allegations have gone too far Ripple attorney John Deaton has shared further insight...

Crypto News Live Updates Jan 17: XRP Drops By 4%

17 January 2023
0

Crypto News Today Live Updates December and Latest News: (17 January 2023) The digital asset market printed red indexes on...

Load More
Next Post

Bitcoin derivatives data shows the institutional "herd" is finally here: fund manager

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!

  • XMR, DOT Move Higher, Rebounding From Recent Declines – Market Updates Bitcoin News
  • NFT Tallinn to be the flagship large-scale Web3 event in Northern and Eastern Europe
  • NFTs and Other Trends That Will Shape the Crypto Industry

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)$45,716.00-1.31%
  • ethereumEthereum(ETH)$3,456.77-0.85%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$439.95-1.61%
  • usd-coinUSD Coin(USDC)$1.00-0.21%
  • SolanaSolana(SOL)$128.84-4.73%
  • rippleXRP(XRP)$0.82-1.94%
  • TerraTerra(LUNA)$111.19-1.25%
  • cardanoCardano(ADA)$1.190.55%
  • AvalancheAvalanche(AVAX)$92.73-3.81%
  • polkadotPolkadot(DOT)$22.10-4.14%
  • dogecoinDogecoin(DOGE)$0.144901-0.44%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • TerraUSDTerraUSD(UST)$1.00-0.03%
  • Shiba InuShiba Inu(SHIB)$0.000026-1.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$45,705.00-1.34%
  • CronosCronos(CRO)$0.473031-1.56%
  • matic-networkPolygon(MATIC)$1.63-2.68%
  • Lido Staked EtherLido Staked Ether(STETH)$3,455.57-0.80%
  • NEAR ProtocolNEAR Protocol(NEAR)$15.62-3.50%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$30.76-3.98%
  • litecoinLitecoin(LTC)$123.39-2.73%
  • chainlinkChainlink(LINK)$17.14-5.68%
  • tronTRON(TRX)$0.069912-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$370.86-0.90%
  • FTX TokenFTX Token(FTT)$49.41-1.74%
  • ethereum-classicEthereum Classic(ETC)$45.69-1.36%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • algorandAlgorand(ALGO)$0.88-4.27%
  • stellarStellar(XLM)$0.231372-0.55%
  • leo-tokenLEO Token(LEO)$5.95-0.02%
  • OKBOKB(OKB)$20.68-0.82%
  • UniswapUniswap(UNI)$11.31-3.17%
  • vechainVeChain(VET)$0.076890-1.96%
  • Axie InfinityAxie Infinity(AXS)$63.07-4.37%
  • HederaHedera(HBAR)$0.235142-4.16%
  • Internet ComputerInternet Computer(ICP)$21.47-0.24%
  • filecoinFilecoin(FIL)$24.44-2.18%
  • ElrondElrond(EGLD)$189.04-2.56%
  • decentralandDecentraland(MANA)$2.61-2.92%
  • The SandboxThe Sandbox(SAND)$3.40-2.47%
  • FantomFantom(FTM)$1.52-3.28%
  • moneroMonero(XMR)$214.53-0.30%
  • wavesWaves(WAVES)$37.59-24.48%
  • theta-tokenTheta Network(THETA)$3.76-6.47%
  • cETHcETH(CETH)$69.26-1.11%
  • tezosTezos(XTZ)$3.80-4.12%
  • ApeCoinApeCoin(APE)$11.60-3.99%
  • The GraphThe Graph(GRT)$0.480061-4.90%