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Ripple’s 30% rally bows to selling pressure under $0.7 Ripple gained ground to $0.67 after the massive weekly selloff to $0.52. Overhead pressure under $0.7 results in a retreat to $0.6. The MACD reveals that XRP is still in the bulls’ hands. Ripple suffered greatly under the battering jabs from the bears at the beginning of the week. The feared downfall to $0.5 occurred as XRP tumbled to $0.52. Meanwhile, a recovery followed swiftly, with Ripple gaining the lost ground above $0.6. The bulls stretched the up leg toward $0.7, but the momentum lost steam at $0.67. At the time of writing, trades at $0.62 following a minor correction. Holding support at $0.6 is crucial for the resumption of the uptrend. However, Ripple may retreat further before bulls throw another jab at $0.7. Ripple’s weakening on-chain metrics could be hindering recovery On-chain metrics play a key role in the performance of most crypto assets. Understanding the signals from the metrics helps investors make informed decisions. According to data from Santiment, the number of new addresses joining the XRP has dwindled over the last 30 days. Moreover, the XRP price has been falling in tandem with the addresses. For instance, from a 30-day high of nearly 4,800 addresses created on May 24, only 2,055 addresses were created on the network on June 23. On May 24, Ripple exchanged hands at $0.86, but the price had fallen to $0.64 on June 23. Declining network growth is usually a bearish signal, ascertaining that the project is losing traction. Hence, if the metric fails to turn around, XRP price will likely delay recovery or continue exploring the rabbit hole. On the flip side, the Moving Average Convergence Divergence (MACD) hints at the trend remaining in the bulls’ hands despite the correction from $0.68. Realize that the bullish outlook emanates from the MACD line (blue) sustain the divergence above the signal line. Besides, holding above $0.6 support may allow bulls to focus on recovery toward $1. Ripple price intraday price levels Spot rate: $0.62 Trend: Bearish Volatility: Low Support: $0.62 and $0.52 Resistance: $0.7 and $0.85
BITFINEX:XRPUSD
by CoinGape
1
Ripple price flashes remarkable buy signals Ripple price begins recovery after diving to $0.57. The TD Sequential indicator presents a massive buy signal as buyers take their positions. XRP aims at closing the day above $0.78 to set the precedence for the trajectory to $1. Ripple slipped below May’s crucial support at $0.65 to trade a two-month low of $0.57. The selloff affected most crypto assets, starting with Bitcoin’s drop to $30,000. When writing, the international money transfer token teeters at $0.62 amid a gradually building bullish momentum. Perhaps a daily close above $0.7 will call more buyers into the market upon Ripple regaining market stability. How formidable are Ripple’s buy signals? The TD Sequential indicator has recently flashed a buy signal on the 12-hour chart. This is a chart overlay tool that measures the volatility of an asset while tracking its trend. A buy signal forms in a red nine candlestick and implies that buyers get stronger as the bearish force fades. On the other hand, a sell signal presents in a green nine candlestick, implying that selling pressure is about to balloon while bulls lose their grip. With a buy signal intact within the overall technical picture, massive gains are anticipated. The growing uptrend is reinforced by the Relative Strength Index (RSI), gaining momentum after leaving the oversold region. Action toward the midline will cement the growing bullish grip. Subsequently, traders should watch for movements in the MACD. If the MACD line crosses above the signal line, the buy signal will be validated. Holding above the short-term support at $0.6 is crucial to sustaining the uptrend, while closing the day above $0.7 may bolster Ripple significantly upward. Ripple intraday levels Spot rate: $0.63 Trend: Bullish Volatility: Growing Resistance: $0.7 Support: $0.6 and $0.57
BITFINEX:XRPUSDLong
by CoinGape
3
Why Ripple Price Holding Above $0.8 Fails To Excite Investors?Ripple dealt with massive bearish calls last week amid the drop from levels slightly above $1. Many analysts believed that the cross-border money transfer token headed for a significant dive to the support in May at $0.65 and perhaps extend the down leg to $0.5. However, XRP eagerly embraced support at $0.8, allowing bulls to push the price to higher levels. Nonetheless, since the week started, the international money transfer token has not made any appreciable gains above $0.9. When will Ripple price come out of this crucial range? In the last few days, XRP sustained in a narrow range between $0.8 and $0.9. The immediate downside sits on top of the 50 Simple Moving Average (SMA) support on the four-hour chart. As long as this support is intact, bulls will focus on gains above $0.9 and toward $1. On the other hand, closing the day under this same level may see XRP testing the lower range limit at $0.8. The Moving Average Convergence Divergence (MACD) indicator currently levels at the zero line. This indicator identifies positions to buy the dip or sell the top, especially in a trending market, by following the asset’s trend direction and momentum. Note that the leveling motion has no definitive direction; thus, Ripple price consolidation will likely continue to the end of the week. However, the MACD line (blue) may help traders figure out the next breakout direction. A MACD line crossing above the signal will be a bullish signal, calling buyers to increase their exposure in anticipation of gains toward $1. On the flip side, the MACD line crossing beneath the signal line would imply that losses would take precedence. Apart from $0.8, other key anchor zones are $0.7, $0.65, and $0.5. Ripple price intraday levels Spot rate: $0.86 Trend: Sideways Volatility: Low Resistance: $0.9 Support: $0.8, $0.7 and $0.65
BITFINEX:XRPUSD
by CoinGape
Whats does the rest if 2021 hold for XRP? Will we hold the channel for 2021? If so then now is a great buying opportunity. I have been buying more and adding to my stack at these levels. BLOOD on the streets and all that jazz... Previous 4 years of resistance is now acting as support. When will the SEC stop fooling around? This month or 60 days from now? Will the judge throw this case out? Is it all smoke and mirrors? Little do they know they are just allowing us time travellers the access to BUY more. Most of us have been here from 2017 (.15/.30c BUYS) portfolio is probably still 300% up / you wont get those returns anywhere else - remember that. Time will tell - best of luck holding & remember the market is a device for transferring wealth from the impatient to the patient. STAY CALM AND BUY XRP
POLONIEX:XRPUSDLong
by AdonisB
XRP - Daily chart - Long scenarioOverview Currently looking if the scenario as shown will develop in which case i would take a long position. I want to see price moving above the upper resistance (upper blue line), either staying above it generating in LTF (Lower-Time-Frames) some bullish signs or if price should break down and then reclaim the Resistance area again - where i would take my long. Target is based on the 61% Fib and a former Demand area. Dont forget: - Watch your Risk management - Bitcoin has an influence on all Altcoins, be aware of movements there - DYOR (Do-Your-Own-Research) Please consider: This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
BYBIT:XRPUSD.P
by UnknownUnicorn1541497
XRP TARGET POINTS SHORT TERM ANALYSISRipple’s XRP fell by 2.91% on Tuesday. Partially reversing Monday’s 15.12% rally, Ripple’s XRP ended the day at $1.01077. A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.09942 before hitting reverse. Coming up against the first major resistance level at $1.1011, Ripple’s XRP slid to a late intraday low $0.97312. Steering clear of the first major support level at $0.9311, Ripple’s XRP moved back through to $1.00 levels to limit the downside. At the time of writing, Ripple’s XRP was down by 0.53% to $1.00538. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.01888 before falling to a low $1.00433. Ripple’s XRP left the major support and resistance levels untested early on. As the two trend lines converge, the consolidation nears an end. On the other hand, the ascending lows insinuate that bulls are getting stronger. A break occurs before the lines meet and is characterized by an uptick in trading volume. Triangles have clear breakout measured from the highest to the lowest points. For example, Ripple could swing 34%b higher to trade around $1.44 if the pattern on the chart matures as expected. The sluggish price action is punctuated by the Relative Strength Index (RSI) and will likely last longer. Similarly, the Moving Average Convergence Divergence (MACD) indicator does not have a defined signal; thus, bullish and bearish forces seem to cancel out, explaining the consolidation at $1. Ripple intraday levels Spot rate: $1 Trend: Sideways Volatility: Low Support: $0.9 and $0.8 Resistance: $1.1 and $1.2
Long
by ZeltaPoint
XRP lags price action ahead of a 34% launch to $1.44Ripple scaled several resistance levels after the drop to $0.8 last week. The upswing coincided with another win bagged by Ripple Lab attorneys against the Securities and Exchange Commission (SEC) in the ongoing lawsuit. The US SEC was seeking access to Ripple's communication records when it inquired about the sale of XRP tokens. Judge Sarah ruled to uphold Ripple's client-attorney privilege, dealing the SEC another blow. Following the win, Ripple's price lifted above $1 and brushed shoulders with $1.1. However, the uptrend slowed down, forcing bulls to seek refuge at $1. Meanwhile, XRP has balanced price action at this level, while buyers look forward to a potentially massive breakout. Ripple eyes extensive upswing on breaking key technical resistance The international money transfer token is dancing within the confines of an ascending triangle. This popular and highly bullish technical pattern often forms within an uptrend. However, the pattern has a bullish impulse even when it appears amidst a downtrend.' As the two trend lines converge, the consolidation nears an end. On the other hand, the ascending lows insinuate that bulls are getting stronger. A break occurs before the lines meet and is characterized by an uptick in trading volume. Triangles have clear breakout measured from the highest to the lowest points. For example, Ripple could swing 34%b higher to trade around $1.44 if the pattern on the chart matures as expected. The sluggish price action is punctuated by the Relative Strength Index (RSI) and will likely last longer. Similarly, the Moving Average Convergence Divergence (MACD) indicator does not have a defined signal; thus, bullish and bearish forces seem to cancel out, explaining the consolidation at $1. Ripple intraday levels Spot rate: $1 Trend: Sideways Volatility: Low Support: $0.9 and $0.8 Resistance: $1.1 and $1.2
BITFINEX:XRPUSDLong
by CoinGape
1
KEY CLOSE FOR XRP!XRP has been trading inside of this descending channel for quite some time now while heading down with the rest of the market. We have managed to hold supports, and currently broke through the 0.6 FIB level and we are now looking to hold this level for DC. This would also give XRP a very likely chance to break out of this descending channel that keeps putting pressure on us to the downside. The RSI is coming slightly down after getting closer to that midpoint line at 50. If we can succeed with breaking through and staying above this we will be looking at a confirmed uptrend for XRP! Looking at the MACD we are looking bullish and almost fully flipping the the upside so this indicator is very important to watch. Also watch for that first green bar on the histogram as this would be a very bullish sign. Not financial advice just my opinion!
BITSTAMP:XRPUSDLong
by JacobR905