XRP Price Prediction: Why The Bulls Could Protect This Crucial Support
XRP price started a major decline from the $0.50 resistance against the US Dollar. The recent collapse of FTX and FTT sparked a sharp move towards the $0.32 support. Ripple is down over 15% and there was a drop below the $0.40 support against the US dollar. The price is trading well below $0.4000 and the 100-day simple moving average. There was a break below a major contracting triangle with support at $0.455 on the daily chart of the XRP/USD pair (data source from Kraken). The pair could start a recovery wave if the bulls remain active near the $0.32 support. Ripple’s XRP Price Tests Key....
Related News
Bitcoin’s price action has been slow over recent weeks. This has allowed crucial technical support levels to catch up with the current price. Analysts say that Bitcoin is on the verge of falling below two support levels of macro importance. BTC doing so could trigger a move to the low-$9,000s, then potentially even further below that. Bitcoin Could Slip Below Crucial Macro Trend Levels Bitcoin bulls should be on edge, analysts say, as the cryptocurrency […]
XRP Price was constantly consolidating on its four hour chart. The bulls have faded out from the market but are consistently trying to protect price from falling below the immediate support level. Despite the 1.5% appreciation over the last 24 hours, XRP price doesn’t seem to be out of the woods yet. Over the last one week the coin lost 10% but the coin has maintained its price above the vital support line. Technical outlook for the coin also indicated bearishness. After XRP price lost the $0.39 price level, the altcoin was mostly trading sideways. For the coin to move upwards it is....
Bitcoin has seen some immense volatility over the past couple of days, with bulls and bears ardently battling for control over the lower-$30,000 region The key support here has been tested on a few occasions, but bulls have been able to guard against any intense selloff If BTC can continue building a strong base of support down below its current price, there’s a possibility that it could be poised to see immense strength in the […]
Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....
Bitcoin is once again trading above $19,000, as this has been a crucial level for the cryptocurrency that bulls have ardently been trying to flip into support It remains unclear as to whether or not it is going to be able to establish any meaningful support at this level The selling pressure here has proven to be significant in the past, and may continue hampering its growth Where the market trends next will still likely […]