Ripple’s $0.3 Sideways Action May End With a Huge Move (XRP Price Analysis)

[kolbalish]

XRP saw a strong 23.5% increase this week as it climbed as high as $0.321.
The coin has dropped slightly as it trades at $0.30.
Against Bitcoin, XRP reached as high as 2800 SAT before falling into the 2555 SAT support

.


XRP/USD: XRP Bulls Find Resistance at Bearish .886 Fib Retracement

XRP saw a massive push this week as it surged above $0.3 to reach as high as $0.321 (bearish .886 Fib Retracement). More specifically, the bulls were unable to close above $0.31 (1.414 Fib Extension), which caused the coin to head into the $0.30 support today.

The price hike this week put XRP back onto the positive footing as it created a fresh 6-month high. It would now have to drop beneath $0.215 (200-days EMA) before being in danger of turning bearish again.

XRP-USD Short Term Price Prediction

Looking ahead, if the bulls push higher, the first level of resistance lies at $0.313 (1.414 Fib Extension). This is followed by resistance at $0.321 (bearish .886 Fib Retracement), $0.331 (1.618 Fib Extension), and $0.35.

On the other side, if the sellers break beneath $0.3, support lies at $0.291 (.236 Fib Retracement), $0.28, and $0.268 (.382 Fib Retracement). Additional support is found at $0.26 and $0.25.

The RSI has dropped slightly from overbought conditions as the buyers regroup for a breather. Additionally, the Stochastic RSI produced a bearish crossover signal that signals a brief retracement is on the way.

XRP-BTC Short Term Price Prediction

Moving forward, if the sellers push beneath 2560 SAT, the first level of support is located at 2434 SAT (.382 Fib Retracement & 100-days EMA). This is followed by support at 2333 SAT (.5 Fib Retracement) and 2250 SAT (200-days EMA).

On the other side, the first level of resistance lies at 2631 SAT (bearish .5 Fib Retracement). This is followed by resistance at 2700 SAT and 2800 SAT (bearish .618 Fib Retracement). Above this, added resistance lies at 2850 SAT, 2900 SAT, and 3000 SAT.

The RSI has dropped from overbought conditions but remains above the 50 line as the bulls are in control of the momentum. Likewise, the Stochastic RSI produced a bearish crossover signal, which would help to send the market lower.

If you are interested to know more, please follow the link:

https://qoo.ly/37ich9#https://cryptopotato.com/ripples-0-3-sideways-action-may-end-with-a-huge-move-xrp-price-analysis/

[Crypto_lion]

I am not a technical analyst but the historically I have found that the 0.30 or thereabouts have been a really big resistance for ripple. I hope we get last that and we go to about 40 cents Soon and be a part of this bull run.

[Bitcoin Miners]

XRP saw a strong 23.5% increase this week as it climbed as high as $0.321.
The coin has dropped slightly as it trades at $0.30.
Against Bitcoin, XRP reached as high as 2800 SAT before falling into the 2555 SAT support

.


XRP/USD: XRP Bulls Find Resistance at Bearish .886 Fib Retracement

XRP saw a massive push this week as it surged above $0.3 to reach as high as $0.321 (bearish .886 Fib Retracement). More specifically, the bulls were unable to close above $0.31 (1.414 Fib Extension), which caused the coin to head into the $0.30 support today.

The price hike this week put XRP back onto the positive footing as it created a fresh 6-month high. It would now have to drop beneath $0.215 (200-days EMA) before being in danger of turning bearish again.

XRP-USD Short Term Price Prediction

Looking ahead, if the bulls push higher, the first level of resistance lies at $0.313 (1.414 Fib Extension). This is followed by resistance at $0.321 (bearish .886 Fib Retracement), $0.331 (1.618 Fib Extension), and $0.35.

On the other side, if the sellers break beneath $0.3, support lies at $0.291 (.236 Fib Retracement), $0.28, and $0.268 (.382 Fib Retracement). Additional support is found at $0.26 and $0.25.

The RSI has dropped slightly from overbought conditions as the buyers regroup for a breather. Additionally, the Stochastic RSI produced a bearish crossover signal that signals a brief retracement is on the way.

XRP-BTC Short Term Price Prediction

Moving forward, if the sellers push beneath 2560 SAT, the first level of support is located at 2434 SAT (.382 Fib Retracement & 100-days EMA). This is followed by support at 2333 SAT (.5 Fib Retracement) and 2250 SAT (200-days EMA).

On the other side, the first level of resistance lies at 2631 SAT (bearish .5 Fib Retracement). This is followed by resistance at 2700 SAT and 2800 SAT (bearish .618 Fib Retracement). Above this, added resistance lies at 2850 SAT, 2900 SAT, and 3000 SAT.

The RSI has dropped from overbought conditions but remains above the 50 line as the bulls are in control of the momentum. Likewise, the Stochastic RSI produced a bearish crossover signal, which would help to send the market lower.

If you are interested to know more, please follow the link:

https://qoo.ly/37ich9#https://cryptopotato.com/ripples-0-3-sideways-action-may-end-with-a-huge-move-xrp-price-analysis/

Thank you for analysis about the price of Ripple. I invest Ripple on exchange and I am hesitant that I should sell it at now (around 0.3 USD) because I wait the stronger increase price from Ripple. I have bought Ripple from 0.25 USD to now.

[20kevin20]

Followed XRP charts for a long time purely for speculation purposes. Worst thing is, you can't be sure the price won't be soon enough affected by various choices of Ripple. If I remember correctly, last time I saw a few bullish predictions was short before they released a large batch of XRP which pulled the price even lower. Isn't it a kinda risky investment, considering this could happen again?

[bitgolden]

Why do people really focus on XRP increasing when everything else increased as well? I mean looking at the price of ethereum that increased 18%+ as well, chainlink increased 34%+ for example, bnb increased 15%, so basically everything went up. Certainly XRP increased a lot during this period and kudos to them but not like it was the only one. Hell there are ones that increased over 50% during the last 7 days.

So, XRP is still XRP and it is still run by the Ripple company who prints XRP whenever they want and can sell them whenever they want, I am not really fond of XRP because of the team, centralization is never something that I would be fine with, I would love to pick something that has no project owner or something that would be deleted all at once when the owner decided to.

[kolbalish]

Why do people really focus on XRP increasing when everything else increased as well? I mean looking at the price of ethereum that increased 18%+ as well, chainlink increased 34%+ for example, bnb increased 15%, so basically everything went up. Certainly XRP increased a lot during this period and kudos to them but not like it was the only one. Hell there are ones that increased over 50% during the last 7 days.

So, XRP is still XRP and it is still run by the Ripple company who prints XRP whenever they want and can sell them whenever they want, I am not really fond of XRP because of the team, centralization is never something that I would be fine with, I would love to pick something that has no project owner or something that would be deleted all at once when the owner decided to.

Your constructive comment is an analysis, I think. You are right, and still XRP is XRP. There is no big change like ETHEREUM, BNB and so on. But it is an analysis of XRP and it can be happened in near future or not. But we can hope for the best and positive mind also needed though. Yes we can take a look on ETH, BNB or whatever is going up. But analysis is also important and only pricing up for a few moments can't determine the future things.

[kindbtc]

Xrp is no exception and i am sure after months and months of ranging and accumulation it will break above as well like all big coins but then again i think key mover remains to be bitcoin once btc breaks above 20k all good coins will follow for sure and we can declare bull dominancy in the market.

[carlisle1]

Xrp is no exception and i am sure after months and months of ranging and accumulation it will break above as well like all big coins but then again i think key mover remains to be bitcoin once btc breaks above 20k all good coins will follow for sure and we can declare bull dominancy in the market.

If bitcoin reached that high again, Yes we will expect that the value of most Alts behind will also pumped.

But from this analysis, it's gives an idea for possible next movements, always best to anticipate and plan ahead so you are well prepared when
you see the actual scenarios.

Easy for you to decide since you already sets your plan and you are ready to take your next move.

[TravelMug]

Followed XRP charts for a long time purely for speculation purposes. Worst thing is, you can't be sure the price won't be soon enough affected by various choices of Ripple. If I remember correctly, last time I saw a few bullish predictions was short before they released a large batch of XRP which pulled the price even lower. Isn't it a kinda risky investment, considering this could happen again?

Yes, it is very risky and there are reports that the CEO itself is trying to sell his own stash, not good.

Xrp is no exception and i am sure after months and months of ranging and accumulation it will break above as well like all big coins but then again i think key mover remains to be bitcoin once btc breaks above 20k all good coins will follow for sure and we can declare bull dominancy in the market.

Of course, no coin is immune, if you are really into alts then for sure you have accumulated either ETH or XRP and just wait for it to go on a recovery. However, that is the problem with alts, they are totally depended on BTC's price movement.

But we will have to see if this increased is sustainable short term, before making another move.