Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

XRP Price Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle

August 31, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Ripple’s token value is displaying bearish indicators under $0.550 towards the US Greenback. XRP value may begin one other decline if it trades under $0.500.

Ripple’s token value is struggling to get better above $0.540 and $0.550 towards the US greenback.
The value is now buying and selling under $0.550 and the 100 easy transferring common (4 hours).
There’s a main bearish development line forming with resistance close to $0.540 on the 4-hour chart of the XRP/USD pair (information supply from Kraken).
The pair would possibly begin one other decline if there’s a break under $0.500.

Ripple’s Token Value Eyes Recent Improve

After a pointy decline to $0.40, Ripple’s XRP began a restoration wave towards the US Greenback. The value recovered above the $0.48 and $0.50 resistance ranges, like Bitcoin and Ethereum.

The value was capable of surpass the $0.520 resistance as nicely. Lastly, there was a spike above the 50% Fib retracement degree of the important thing drop from the $0.6655 swing excessive to the $0.3995 low. The bulls are actually dealing with an uphill process close to $0.550.

XRP continues to be buying and selling under $0.540 and the 100 easy transferring common (4 hours). There’s additionally a serious bearish development line forming with resistance close to $0.540 on the 4-hour chart of the XRP/USD pair.

Supply: XRPUSD on TradingView.com

Preliminary resistance on the upside is close to the $0.540 zone and the development line. The following main resistance is close to the $0.550 degree or the 61.8% Fib retracement degree of the important thing drop from the $0.6655 swing excessive to the $0.3995 low. A profitable break above the $0.550 resistance degree would possibly ship the worth towards the $0.60 resistance. Any extra positive aspects would possibly name for a take a look at of the $0.625 resistance.

One other Drop in XRP?

If ripple fails to clear the $0.550 resistance zone, it may begin one other decline. Preliminary help on the draw back is close to the $0.505 zone.

The following main help is at $0.500. If there’s a draw back break and a detailed under the $0.500 degree, XRP’s value may lengthen losses. Within the said case, the worth may retest the $0.435 help zone.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is now shedding tempo within the bullish zone.

4-Hours RSI (Relative Power Index) – The RSI for XRP/USD is now above the 50 degree.

Main Help Ranges – $0.505, $0.500, and $0.435.

Main Resistance Ranges – $0.540, $0.550, and $0.600.



Source link

Tags: BiasBullsClearHurdlePredictionPriceTopsideVulnerableXRP
Previous Post

Robinhood Is The 5th Largest Ethereum (ETH) Wallet, Strategic Stashing?

Next Post

Grayscale CEO Hints At Timeline For Bitcoin Spot ETF

Related Posts

Fartcoin remains bearish despite hitting $1; Check forecast
Analysis

Fartcoin remains bearish despite hitting $1; Check forecast

June 27, 2025
What’s next for SEI after reclaiming $0.30? Check forecast
Analysis

What’s next for SEI after reclaiming $0.30? Check forecast

June 28, 2025
Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be?
Analysis

Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be?

June 27, 2025
Cardano (ADA) Bears Active — Token at Risk of Another Leg Down
Analysis

Cardano (ADA) Bears Active — Token at Risk of Another Leg Down

June 28, 2025
XRP Gears Up For Major Move — Chart Signals Are Clear
Analysis

XRP Gears Up For Major Move — Chart Signals Are Clear

June 26, 2025
KAS price slumps 4%: can it bounce back?
Analysis

KAS price slumps 4%: can it bounce back?

June 27, 2025
Next Post
Grayscale CEO Hints At Timeline For Bitcoin Spot ETF

Grayscale CEO Hints At Timeline For Bitcoin Spot ETF

Polygon erased all of its 2023 gains. The technical picture is bearish.

Polygon erased all of its 2023 gains. The technical picture is bearish.

Hottest Meme Coin to Watch for the Upcoming CEX Launch

Hottest Meme Coin to Watch for the Upcoming CEX Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In