cryptd.in

LinkedIn alternativo per i talenti crittografici

Why is the Ripple (XRP) Price Down This Week? (June 4)

-

da

cryptd.in
in

XRP is down 9% on the weekly chart! Can the support at $1 stop the downtrend?

Ripple (XRP) Price Predictions: Analysis

Key support levels: $1

Key resistance levels: $1.4, $1.6, $2

Downtrend Resumes

After three months of XRP moving sideways to form a large pennant, the price finally fell below it. With this latest drop, XRP resumes its downtrend, which is on a collision course with the $1 support level.

Unfortunately, buyers have vanished from the order books as crypto assets across the board are in the red this week. XRP is no different and was unable to stop the recent sell pressure. Because of this, lower lows are likely in the future.

xrp_price_chart_0406261
Source: TradingView

Key Support Approaching

The most important support level right now is found at $1. This level has not been tested so far this year, and it’s likely to be tested in the near future if this downtrend continues at this pace.

For buyers to return, XRP needs to become attractive again. A price around $1 is also a key psychological level that has a good chance of triggering a battle between buyers and sellers. Hopefully, this level will allow for a relief rally once tested.

xrp_price_chart_0406262
Source: TradingView

Bearish Cross on 3-Day MACD

Last week, we discussed the bearish cross on the 2-day timeframe. However, since then, the 3-day MACD also did a bearish cross. This reconfirms the downtrend and encourages sellers to take positions expecting new lows.

Sellers have been dominating since mid-May when buyers had a last attempt at a breakout. That move turned into a bullish trap, and the price has been going down non-stop since.

xrp_macd_chart_0406261
Source: TradingView

Il post Why is the Ripple (XRP) Price Down This Week? (June 4) è apparso per la prima volta su Criptopatate.

Commenti

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *

Ultimi feed

Categorie più popolari

it_IT Italiano
it_IT Italiano en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Ricerca nel sito web

Storie popolari

Tag

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElezione (1) #BinanceVsCoinbase (1) #Bitcoin (444) #BitcoinETF (3) #BitcoinFondamenti (1) #BitcoinHandling (1) #BitcoinPrezzo (5) #BitcoinPrezzoLivello (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCacquisizione (1) 1TP5Previsione toro (1) #BullishSentiment (1) #CMiniera cinese (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativoSalto (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) 1TP5Corte olandese (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (72) #EthereumPain (1) #EPrezzo dell'Etere (1) #ExpertOpinion (1) #FedRateCut (1) #FiatValuta (1) #Fimpatto finanziario (1) #FinanziarioPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5FondiIlleciti (1) #InflationData (1) 1TP5Investimento (1) 1TP5Perdita d'investimento (1) #Azienda giapponese (1) #Azione legale (1) #Impatto legale (1) #Legislazione (1) #LightningNetwork (1) #Manalisi del mercato (3) #MMonitoraggio del mercato (1) #Mprevisione di mercato (1) #Mprevisioni di mercato (1) #MProiezione di mercato (1) #MmercatoSupporto (1) #MmercatoVolatilità (1) #MCompatibile (1) #MemeCoin (5) #MemeCoins (2) #MinerProfittabilità (1) #MRiciclaggio di denaro (2) #MtGox (4) #Corea del NordCrittografia (1) #NovogratzPrevisione (1) #PriceMilestone (1) #PprezzoPrevisione (2) #PriceDomanda (1) #PrezzoAumento (1) #PcarcereSentenza (1) #QuantAnalisi (1) #RegolamentazionePressione (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #T Analisi tecnica (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashSviluppatore (1) #UKCrypto (1) #UpsidePotenziale (1) #USCongresso (1) #WyomingLand (1) #XRPrezzo (1) #XRPupswing (1)

Link utili

Link che ho trovato utili e che volevo condividere.