Can XRP price reach $1 after 25% gains in one week? Watch this key support level
A fractal from 2018-2019 repeating could spell trouble for XRP's long-term upside outlook, however. XRP price has continued to bounce back after falling by more than 70% in a correction between April 2021 and January 2022.Why the XRP/USD 50-week EMA is keyOn Feb. 13, XRP/USD reached as high as $0.916, above its 50-week exponential moving average (50-week EMA; the red wave) around $0.833. The upside move, albeit not decisive, opened possibilities for further bullish momentum, mainly owing to a historical buying sentiment around the said wave.XRP/USD weekly price chart featuring 50-week EMA.....
Related News
The Bitcoin price continues its long steady decline. Last week we said: “Bitcoin price has continued experiencing downside pressure and as of this writing the price looks headed for a retest of the 200 area. Last week’s recap: If US$240 doesn’t hold, the US$220 area could provide minor support, but U$200 would more likely be an area to watch for bigger support. If it fails to hold, a retest of the lows (US$165-180) will certainly be the next area to watch […].” The price proceeded downward as we stated to reach US$210 before it rallied back up above minor support at US$220. As of this....
Solana (SOL) is currently one of the high-flyers in the crypto market. The crypto token recently recorded one of the most gains following the market-wide rebound. Crypto analyst Rekt Capital, however, suggested that the crypto token is just getting started, revealing key levels to watch as Solana eyes higher prices. Key Levels To Watch For Solana’s Price In an X (formerly Twitter) post, Rekt Capital highlighted $180 and $202 as key price levels to watch for Solana’s price. The analyst claimed that a successful retest of the $180 price level as new support could continue an upward trend....
Ethereum price weakened a few points this past week. Now, can it manage to recover or will it break down for more losses? Let’s try to figure it out. Ethereum price traded in a stable fashion this past week, as there were no wild swings in ETHUSD. The price was mostly seen struggling this past week, and every time there was a minor correction, bears stepped in to prevent additional gains. Now, the price seems to be trading near a crucial support area, as ETH is trading near a monster bullish trend line on the 4-hours chart of Ethereum price (data feed via Kraken). If the price has to....
Here's a look at what we are focusing on in the bitcoin price this morning. Before the weekend kicked off, we highlighted the potential for the breaking of the 700 level to the upside in the bitcoin price as being likely if action continued to move in the way it had done so throughout the week last week. Well, as it turns out, we did see a breaking of this level, and price has managed to remain about 700 – something that, given the break, was not looking particularly likely. This makes things interesting for the week ahead. We have seen a major level broken, and hold, and this suggests....
The bitcoin price has gotten a push since our previous price piece. Last week, we reported the currency trading at around the $730 mark. Now, bitcoin has risen to heights of $747 at press time, giving enthusiasts feelings of hope and stamina. Bitcoin Price Still Chugging Towards $800. One source describes the action: “There were continuous gains in the Bitcoin price against the US Dollar as it broke a couple of important resistances to set the pace for more gains. The most important close was above the $750 level, which may now act as a support if the price corrects lower. Recently, the....