cryptd.in

Alternatieve LinkedIn voor cryptovriendelijke talenten

XRP Price Turns Red as Bulls Step Back and Bears Test Market Strength

-

door

cryptd.in
in

XRP price started a fresh decline from $2.550. The price is now showing bearish signs and might extend losses if it dips below $2.250.

  • XRP price started a fresh decline below the $2.450 zone.
  • The price is now trading below $2.40 and the 100-hourly Simple Moving Average.
  • There is a short-term contracting triangle forming with resistance at $2.235 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it settles below $2.250.

XRP Price Dips Further

XRP price attempted more gains above $2.50 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.450 and $2.420.

There was a move below the $2.320 pivot level. A low was formed at $2.2754, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the recent decline from the $2.525 swing high to the $2.2754 low.

The price is now trading below $2.40 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.2350 level. There is also a short-term contracting triangle forming with resistance at $2.235 on the hourly chart of the XRP/USD pair.

XRP Price

The first major resistance is near the $2.40 level, above which the price could rise and test $2.450 or the 76.4% Fib retracement level of the recent decline from the $2.525 swing high to the $2.2754 low. A clear move above the $2.450 resistance might send the price toward the $2.520 resistance. Any more gains might send the price toward the $2.580 resistance. The next major hurdle for the bulls might be near $2.650.

Another Decline?

If XRP fails to clear the $2.40 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.250 level.

If there is a downside break and a close below the $2.250 level, the price might continue to decline toward $2.20. The next major support sits near the $2.120 zone, below which the price could continue lower toward $2.050.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.250 and $2.20.

Major Resistance Levels – $2.40 and $2.450.

Reacties

Geef een reactie

Je e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Nieuwste feeds

Populaire categorieën

nl_NL Nederlands
nl_NL Nederlands 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 it_IT Italiano pl_PL Polski tr_TR Türkçe 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

Zoeken op de website

Populaire verhalen

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (434) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrijs (5) #BitcoinPrijsniveau (1) #BitcoinPomp (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCovername (1) #BullishVoorspelling (1) #BullishSentiment (1) #ChineseMijnbouw (1) #CPIPBekijken (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #Cryptomarkt (4) #CryptoVoorspelling (1) #CryptoVoorspellingen (1) #CryptoRegulering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoOnzekerheid (1) #DerivatiefJump (1) #Dogecoin (73) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (69) #EthereumPijn (1) #EthereumPrijs (1) #ExpertOpinie (1) #FedRateCut (1) #FiatValuta (1) #FinanciëleInvloed (1) #FinanciëlePrivacy (1) #FirmShutdown (1) #FrozenRekeningen (1) #IllicitFunds (1) #InflatieData (1) #Investering (1) 1TP5Beleggingsverlies (1) #JapanseFirma (1) #Gerechtelijke actie (1) #Gerechtelijke gevolgen (1) #Wetgeving (1) #Bliksemnetwerk (1) #Mmarktanalyse (3) #Marktmonitoring (1) #MarktVoorspelling (1) #MarktVoorspellingen (1) #MarktProjectie (1) #Marktondersteuning (1) #MarktVolatiliteit (1) #M Huwelijk (1) #MemeCoin (5) #MemeCoins (2) #Mijnwinstgevendheid (1) 1TP5Geld witwassen (2) #MtGox (4) #Noord-KoreaCrypto (1) #NovogratzVoorspelling (1) 1TP5PrijsMijlpaal (1) 1TP5PrijsVoorspelling (2) 1TP5PrijsVraag (1) 1TP5Prijsstijging (1) #PgevangenisVeroordeling (1) #QuantAnalyse (1) #Regeldruk (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #TechnischeAnalyse (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashOntwikkelaar (1) #UKCrypto (1) #UpsidePotentieel (1) #USCongres (1) #WyomingLand (1) #XRPrijs (1) #XRPupswing (1)

Handige koppelingen

Links die ik nuttig vond en wilde delen.