• 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, September 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 Price Analysis: 02 January

2 January 2021
in XRP
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

The Bitcoin market was rallying once again and had been trading at an all-time high of over $29k at the time of writing. This surge has injected life into many of the market’s altcoins. XRP was recently stripped from its third position on the CoinMarketCap list as its market cap slipped to $10.66 billion.

At the time of writing, the price of the digital asset has been close to $0.2344 between a rigid range.

XRP one-hour chart

Source: XRPUSD on TradingView

According to the chart above, XRP has been consolidating between $0.2250 and $0.2424 price level. This price range has been close to the price level observed during most of 2019 and early 2020. As the delisting of XRP continued from exchanges, the impact has been visible on the price. However, as the selling pressure continues, traders can use this opportunity to short the token.

Related articles

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

29 September 2023
Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

29 September 2023

Reasoning

[crypto-donation-box]

Since the price has been consolidating in the given range, the lower trending price might once again move to test the support at $0.2250. The sell-off may result in increased pressure in the market and may push the price lower. The volatility has been slowly increasing in the market, as highlighted by the diverging Bollinger Bands.

Whereas, the Relative Strength Index which has pushed the asset into the overbought zone twice after the drastic sell-off was at the equilibrium zone, but was pointing lower. This meant that the selling pressure might increase at the current price level. Despite the rise, the coin has levels of support to test and it may not be a violent sell-off unless triggered by another major event.

Position

Cryptohopper
ADVERTISEMENT

Entry: $0.2320
Stop-Loss: $0.2382
Take-Profit: $0.2181
Risk-to-Reward: 2.23

Conclusion

XRP’s traders can prepare for the price to drop to $0.2181. The evolving pressure in the market may put support at $0.2250 to test and might settle above $0.2059.



Source link

Tags: AnalysisJanuaryPriceXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Binance Delist XRP! Is the Price Heading Towards Its All-Time-Low?

Next Post

Bitcoin Hits $30K for 1st Time Ever; HODLers Get a Belated New Year’s Gift

Related Posts

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

Ripple’s Big Party Threatened by NYC’s Relentless Flash Floods

29 September 2023
0

Alex Dovbnya Ripple is hosting a grand celebration in New York City today. However, the city is gripped by extremely...

Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

Bitcoin BTC Price Slumps Below $27K, XRP, SOL and TRON Prices Gain

29 September 2023
0

While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what...

Are There Secret Amendments In the XRPL And Does It Affect XRP Price? Expert Chimes In

Are There Secret Amendments In the XRPL And Does It Affect XRP Price? Expert Chimes In

29 September 2023
0

Digital asset expert and XRP enthusiast WrathofKahneman has come out to debunk claims of a new backdoor in the XRP...

Bitcoin, XRP and MKR Price Analysis

Bitcoin, XRP and MKR Price Analysis

29 September 2023
0

Over the last two days, the crypto market has experienced a significant capital inflow, prompting the Bitcoin price to bounce...

¿Amenaza de una cruz de la muerte?

¿Amenaza de una cruz de la muerte?

29 September 2023
0

El precio de XRP ha estado languideciendo durante unos días. Ahora también existe la amenaza de una cruz de la...

Load More
Next Post

Bitcoin Hits $30K for 1st Time Ever; HODLers Get a Belated New Year’s Gift

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!

  • DOJ's Proposed Jury Questions 'Risks Tainting' Bankman-Fried's Panel, Defense Says
  • Gemini to Cease Offering Crypto Services in Netherlands in November
  • Theatre School @ North Coast Rep to present ‘The War of the Worlds: The 1938 Radio Script’

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)$26,905.00-0.44%
  • ethereumEthereum(ETH)$1,668.940.83%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$214.58-0.33%
  • rippleXRP(XRP)$0.520.88%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$1,668.400.79%
  • cardanoCardano(ADA)$0.250223-0.14%
  • dogecoinDogecoin(DOGE)$0.0620500.80%
  • solanaSolana(SOL)$20.270.05%
  • tronTRON(TRX)$0.0887931.57%
  • ToncoinToncoin(TON)$2.16-2.08%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$4.08-0.08%
  • matic-networkPolygon(MATIC)$0.531.27%
  • litecoinLitecoin(LTC)$65.510.50%
  • bitcoin-cashBitcoin Cash(BCH)$233.58-1.17%
  • chainlinkChainlink(LINK)$7.983.32%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,917.00-0.58%
  • shiba-inuShiba Inu(SHIB)$0.0000070.23%
  • daiDai(DAI)$1.000.03%
  • true-usdTrueUSD(TUSD)$1.000.03%
  • leo-tokenLEO Token(LEO)$3.670.31%
  • uniswapUniswap(UNI)$4.41-0.47%
  • avalanche-2Avalanche(AVAX)$9.13-2.27%
  • stellarStellar(XLM)$0.111510-2.19%
  • moneroMonero(XMR)$146.280.49%
  • okbOKB(OKB)$43.01-0.77%
  • ethereum-classicEthereum Classic(ETC)$15.940.69%
  • binance-usdBUSD(BUSD)$1.000.03%
  • cosmosCosmos Hub(ATOM)$7.100.03%
  • hedera-hashgraphHedera(HBAR)$0.049563-0.13%
  • filecoinFilecoin(FIL)$3.330.06%
  • lido-daoLido DAO(LDO)$1.652.78%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • internet-computerInternet Computer(ICP)$3.121.26%
  • crypto-com-chainCronos(CRO)$0.0506480.28%
  • quant-networkQuant(QNT)$90.440.15%
  • makerMaker(MKR)$1,454.10-6.56%
  • MantleMantle(MNT)$0.3982430.30%
  • AptosAptos(APT)$5.35-1.32%
  • vechainVeChain(VET)$0.0170240.40%
  • ArbitrumArbitrum(ARB)$0.90-0.42%
  • nearNEAR Protocol(NEAR)$1.121.51%
  • optimismOptimism(OP)$1.330.05%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0478420.59%
  • aaveAave(AAVE)$66.190.92%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,811.810.90%
  • BSCEXBSCEX(BSCX)$237.190.34%