cryptd.in

Alternatieve LinkedIn voor cryptovriendelijke talenten

XRP Price Recovers Slightly, Can Buyers Push Past Obstacles?

-

door

cryptd.in
in

XRP price is correcting losses from the $2.820 zone. The price is now trading below $3.050 and remains at risk of more losses in the near term.

  • XRP price is showing bearish signs below the $3.10 resistance.
  • The price is now trading near $3.00 and the 100-hourly Simple Moving Average.
  • There is a bullish trend line forming with support at $2.970 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to decline if it stays below the $3.050 zone.

XRP Price Faces Resistance

XRP price started a downside correction below $3.050, like Bitcoin and Ethereum. The price traded below the $3.00 and $2.95 levels before the bulls appeared.

A low was formed at $2.824 and the price is now attempting a fresh increase. There was a move above the $2.92 and $2.95 levels. The price surpassed the 50% Fib retracement level of the downward move from the $3.126 swing high to the $2.824 low.

The price is now trading near $3.00 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2.970 on the hourly chart of the XRP/USD pair.

XRP Price

On the upside, the price might face resistance near the $3.050 level and the 76.4% Fib retracement level of the downward move from the $3.126 swing high to the $2.824 low. The first major resistance is near the $3.10 level. A clear move above the $3.10 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance. The next major hurdle for the bulls might be near $3.20.

Another Decline?

If XRP fails to clear the $3.050 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.970 level. The next major support is near the $2.920 level.

If there is a downside break and a close below the $2.920 level, the price might continue to decline toward $2.840. The next major support sits near the $2.780 zone, below which the price could gain bearish momentum.

Technical Indicators

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

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

Major Support Levels – $2.970 and $2.840.

Major Resistance Levels – $3.050 and $3.10.

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 (425) #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.