Ripple Price Analysis: XRP/USD Turned Bearish?

Key Highlights Ripple price broke a major support area near $0.4750 to move into a bearish zone against the US dollar. There is a key bearish trend line in place with resistance at $0.4700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must move back above $0.4750 and the 100 hourly simple moving average to recover. Ripple price is under significant pressure against the US Dollar and Bitcoin. XRP/USD is likely to extend declines if it fails to move back above $0.4750. Ripple Price…

Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support zone at $0.4750 and the 100 hourly simple moving average. Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD must hold the $0.4750 support to bounce back in the near term. Ripple Price Support…

Ripple Price Analysis: XRP/USD Accelerating Above $0.5200

Key Highlights Ripple price rocketed higher and broke the $0.5000 and $0.5200 resistance levels against the US dollar. There is a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but it remains supported near $0.5100 and $0.5000. Ripple price broke key resistances against the US Dollar and Bitcoin. XRP/USD is now placed in a bullish trend with supports above $0.5000. Ripple Price Trend There was a sharp upside move in…

Ripple Price Analysis: XRP/USD Primed for More Gains

Key Highlights Ripple price is surging higher and it recently broke the $0.4500 resistance against the US dollar. There is a key connecting bullish trend line formed with support at $0.4750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is placed nicely above the $0.4700 support area for more upsides in the near term. Ripple price gained bullish momentum against the US Dollar and Bitcoin. XRP/USD broke the $0.4500 resistance and it could continue to move higher towards $0.5000. Ripple Price Upward Move Yesterday,…

Ripple Price Analysis: XRP/USD Struggling Near $0.4500

Key Highlights Ripple price recovered recently, but it is facing a significant resistance near $0.4500 against the US dollar. There was a break above a key bearish trend line with resistance at $0.4400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but it is likely to make another attempt to clear the $0.4500 resistance. Ripple price jumped sharply against the US Dollar and Bitcoin. XRP/USD must clear the $0.4500 resistance to accelerate gains towards the $0.5000 level. Ripple Price Trend Recently,…

Ripple Price Analysis: XRP/USD Recovers Sharply

Key Highlights Ripple price traded to a new weekly low below $0.4250 before recovering against the US dollar. There is a new major bearish trend line in place with resistance near $0.4450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is recovering nicely, but it has to break the $0.4450 and $0.4500 resistances to gain further. Ripple price bounced back from lows against the US Dollar and Bitcoin. XRP/USD is now facing a crucial resistance near the $0.4450 level. Ripple Price Upside Hurdle There…

Ripple Price Analysis: Can XRP/USD Recover Above $0.4500?

Key Highlights Ripple price is trading in a range below a key resistance at $0.4500 against the US dollar. Yesterday’s highlighted major declining channel is still active with resistance at $0.4480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to clear the $0.4480 and $0.4500 resistances as long as it is above $0.4380. Ripple price is consolidating in a tiny range against the US Dollar and Bitcoin. XRP/USD faces tough resistances near $0.4500 and $0.4520 for a decent recovery. Ripple Price Resistance…

Ripple Price Analysis: XRP/USD Extending Slide

Key Highlights Ripple price is under a lot of pressure and it recently broke the $0.4500 support against the US dollar. There is a short-term declining channel in place with resistance at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current decline towards the $0.4300 and $0.4250 levels in the near term. Ripple price is extending losses against the US Dollar and Bitcoin. XRP/USD is in a downtrend and it could accelerate losses below the $0.4400 level. Ripple…

Ripple Price Analysis: Can XRP/USD Hold $0.4600?

Key Highlights Ripple price extended its decline and broke the $0.4700 support area against the US dollar. Yesterday’s highlighted major bullish trend line was breached with support at $0.4690 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near major support levels at $0.4640 and $0.4600. Ripple price struggled to recover against the US Dollar and Bitcoin. XRP/USD is struggling and it remains at a risk of more declines below the $0.4600 support. Ripple Price Decline Yesterday, there was a downside correction…

Ripple Price Analysis: Can XRP/USD Bounce Back?

Key Highlights Ripple price declined a few points recently after trading as high as $0.4877 against the US dollar. There is a key bullish trend line forming with support at $0.4680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may dips a few more points, but it remains supported above the $0.4650 level. Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD must break the $0.4800 and $0.4860 resistances to trade further higher. Ripple Price Support During the…