Ripple’s recent activity has highlighted a bearish trend, with a rejection at the 200-day moving average of $0.53. This resistance has halted the cryptocurrency’s previous upward momentum, driving the price back toward the $0.5 support level. Therefore, this raises concerns about its prospects. XRP Analysis By Shayan The Daily Chart On the daily chart, XRP […]
Ripple has encountered intense selling pressure near the key resistance zone, defined by the 100 and 200-day moving averages around the $0.55 mark. This has led to a sharp rejection and subsequent decline. The asset now hovers near a crucial support region, which could trigger a period of sideways consolidation. XRP Analysis By Shayan The […]
Ripple recently faced significant selling pressure after being rejected at the critical $0.65 resistance level. This resulted in a 23% price drop, breaking below the 100—and 200-day moving averages. This price action hints at a potential downtrend continuation toward the $0.5 mark. XRP Analysis By Shayan The Daily Chart Ripple recently encountered intense selling pressure […]
Ripple recently faced rejection at the key resistance level of $0.64, causing the price to drop toward the lower boundary of its current range, closely aligning with the 200-day moving average at $0.55. Despite this pullback, the price is likely to experience a modest rebound, maintaining its sideways consolidation within this range. XRP Analysis By […]
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) This week, Ethereum re-tested the support at $2,400, and so far, buyers managed to defend this level well. On Thursday, ETH managed to recover some of the recent losses and spiked toward $2,600 again but was stopped there […]
The XRP rally appears to be taking a pause. Will bears return? Key Support levels: $0.54 Key Resistance levels: $0.68 1. Rally on Hold In the past few days, XRP failed to make a higher high which could give an opportunity for sellers to return. At the time of this post, buyers still managed to […]
Following a minor rejection near the $0.64 resistance zone, the price retraced to the broken 200-day moving average, validating the bullish breakout. This movement signifies a positive market sentiment, with the price targeting a reclaim of the $0.64 resistance. XRP Analysis By Shayan The Daily Chart A thorough analysis of the daily chart reveals that […]
Ripple’s price has been fluctuating around the critical support level of $0.47, experiencing minor volatility and sideways movements. This price range has consistently supported XRP, suggesting substantial demand and raising the probability of a mid-term bullish reversal. XRP Analysis By Shayan The Daily Chart An in-depth look at the daily chart reveals that Ripple has […]
Ripple has been experiencing uncertain market activity, with the price lacking clear momentum. However, the price has now reached a critical and narrow range, with a breakout being essential to establish a definitive trend. XRP Analysis By Shayan The Daily Chart A detailed look at the daily chart reveals that Ripple’s price has been confined […]
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum just had one of its best weeks after its price exploded by almost 30%. It came on the news that an ETF approval was imminent, which was confirmed a few days later. Now, the price is consolidating […]
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