Ripple Price Analysis: XRP/USD Broke Significant Support

Key Highlights Ripple price failed to hold a major support area near $0.6500 and declined against the US dollar. There is a crucial bearish trend line forming with resistance at $0.6450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct higher, but the broken support at $0.6500 is likely to act as a hurdle. Ripple price declined further against the US Dollar and Bitcoin. XRP/USD is now well below $0.6500 and is eyeing more losses in the near term. Ripple Price Bearish Bias…

Ripple Price Analysis: XRP/USD’s Downside Break

Key Highlights Ripple price declined recently after buyers failed to push it above $0.7100 against the US dollar. Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now trading below the $0.6800 support level and the 100 hourly simple moving average. Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term. Ripple Price Resistance There was no upside break…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, TRON: Price Analysis, May 21

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The next leg of the bull run will be sparked by the gush of institutional money waiting to enter the crypto markets. Existing operators realize this and are exploring options to improve their products to suit the institutional players. Coinbase is rumored to…

Ripple Price Analysis: XRP/USD Could Extend Upsides

Key Highlights Ripple price is slowly on the move and is currently trading above the $0.6800 resistance against the US dollar. There is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely in an uptrend and it could extend gains above $0.7100 in the near term. Ripple price is moving nicely in a positive zone against the US Dollar and Bitcoin. XRP/USD may well rise further above $0.7100 and towards $0.7400. Ripple…

Ripple Has the Attention of the IMF: Ripple (XRP) Technical Analysis

In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, it’s just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents. From the News Implementation of blockchain technology towards solution of every day’s problem will for sure…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Despite the expectations, Bitcoin prices failed to go higher after the NYC crypto conference Consensys. In fact, prices started to decline during the very conference. CRYPTO: #Consensus2018 rally did not happen, very disappointing. What we needed was a trifecta of progress: (i) institutional…

Ripple Price Analysis: XRP/USD Reached Turning Point

Key Highlights Ripple price declined once again and broke the $0.6800 support level against the US dollar. There is a major bearish trend line forming with resistance at $0.6800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently testing a key support area near $0.6470, which could produce an upside correction. Ripple price fell and broke key supports against the US Dollar and Bitcoin. XRP/USD remains below a major pivot level at $0.7000 with risk of more declines. Ripple Price Decline There was…

Ripple Price Analysis: XRP/USD Correcting Higher

Key Highlights Ripple price started an upside correction after trading as low as $0.6603 against the US dollar. There is an ascending channel forming with current support at $0.6900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to correct higher if it breaks the $0.7150 resistance level. Ripple price is slowly correcting higher against the US Dollar and Bitcoin. XRP/USD is currently struggling to break $0.7050 and the 100 hourly SMA with a few positive signs. Ripple Price Resistance After a substantial…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 16

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk; you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. St. Louis Fed president James Bullard said that Bitcoin could emerge as a possible competitor to the US dollar in the future. He also did not rule out the prospects of the FED launching its own cryptocurrency, though he said that there was…

Ripple Price Analysis: XRP/USD Turned Short-term Bearish

Key Highlights Ripple price failed to move above the $0.7500 resistance area and declined against the US dollar. There was a break below this week’s ascending channel with support at $0.7200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair declined below the $0.7000 support and moved back in a bearish zone. Ripple price traded below key supports against the US Dollar and Bitcoin. XRP/USD is now back in a short-term bearish trend below the $0.7000 support. Ripple Price Trend This week, we discussed about…