XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.30000 where it could potentially drop further to 0.26274.
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XRPUSD approaching resistance, look out for potential reversal!
XRPUSD is approaching its resistance at 0.28710 where it is could reverse down to its support at 0.25785.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching resistance, look out for potential reversal!
XRPUSD is approaching its resistance at 0.28710 where it is could reverse down to its support at 0.25785.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.28710 where it could potentially drop further to 0.25785.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a bounce!
XRPUSD is expected to drop to 1st support at 0.23110 where it could potentially react off and up to 1st resistance at 0.27500.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD potential reversal!
XRPUSD expected to rise up to 1st resistance at 0.27040 where it could potentially react off and drop down to 1st support at 0.23110.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.23110 where it could potentially rise further to 0.27040.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.23110 where it could potentially rise further to 0.27040.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.24363 where it could potentially rise further to 0.27040.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP is getting crushed. Weekly wedge rejection candle, dump downAlthough the whole Crypto markets are dumping with Bitcoin.
The XRP is clearly getting sold off.. rather dumped on the markets.
Probably by new deals from Ripple who get XRP and sell it for Fiat to run new businesses.
Maybe new businesses will use advantages of XRP.
But most of it will be exchanged for Fiat.
As XRP only has a small short quick holding time to exchange this won't drive price up.
Looking for XRP to move lower from here, until weekly outlook changes, this doesn't look good for the XRP holders.
XRPUSD approaching support, potential for a bounce!
XRPUSD is expected to drop to 1st support at 0.25700 where it could potentially react off and up to 1st resistance at 0.28725.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP Price Analysis - $0.28 Support Failed
Relative Strength Index: The RSI is currently at a healthy 45 points. It has stayed mostly within range the past week meaning that the same trend will most likely continue. Even through the RSI is healthy, the market still seems to be on a downward trajectory.
Bollinger Bands: The price is currently within the bollinger bands after crossing below the lower band a few hours earlier. We have been seeing the price continue to gravitate toward the lower band since it has been on a bearish move ever since peaking at $0.32.
Volume: It looks like the volume is starting to pickup compared to what it was last week. Moreover, with the new week ahead of us we should expect an increase in volume in the next 24-48 hours.
Ripple's XRP Price Prediction
The RSI is healthy, the price is within the BB range and volume is low. This usually means that the market will continue to trade sideways. However, if we look at the big picture and take into account current events, we can see the market is definitely in a bearish phase. Moreover, XRP was unable to hold the $0.28 support level and is currently looking for a new level.
In my yesterday's XRP price prediction, I predicted that:
"the most likely scenario is more bearish momentum in the coming days. XRP has massive support at the $0.26 level, so my prediction is that XRP will touch that point sometime next week, and depending on any more news regarding the SEC lawsuit XRP will either rebound upwards or continue trading at that support level."
It looks like this is exactly what's happening as XRP will most likely test the $0.26 support sooner than I expected. My prediction for today is that XRP will touch the $0.26 level and bounce up to $0.27 or $0.28 from there. The SEC lawsuit is sure to bring bearish pressure, but at the end of the day their lawsuit doesn't have effect on the tech behind XRP, which is what gives the currency most of its value.
Read Full XRP Price Analysis : The Merkle Hash