XRP Is on A Downtrend Threatening to Break Below $0.24

The XRP/USD Pair has been noticing some severe falls even below the $0.26 support zone. This price is currently dropping at a 10% rate, and it could lead to an extension below $0.24. Following the drop of price to below $0.27, sellers took over. That led to the start of a massive price drop, even hitting close to the $0.26 near the bearish area.  The price further broke the supports at the $0.25 value and the 100 hourly SMA. As…

XRP In a Fight to Stymie Downward Spiral

XRP/USD's price rallied past the $0.2800 mark. However, it couldn't carry the momentum past the $0.2860 level. Currently, the price is experiencing a downside towards the major supports at $0.2700 and $0.2650. XRP Steady Gain Recently, the price gained steadily from the $0.2650 support zone. Consequently, it broke the   $0.2800 barrier zone in addition to the 100 hourly SMA. Despite the gain, the buyers couldn't push the price beyond the $0.3000 barrier. It established a swing high near $0.2861…

XRP Price Declines Under $0.30: What’s Next?

The  XRP/USD  pair price fell from over $0.3200. The decline extended under $0.3000, and it may keep up the downtrend in the near term. Over the past three to four sessions, the pair has faced increasing bearish pressure below $ 0.3200. As a result, the price is moving below $ 0.3050 and bearing $ 0.3000. It also closed with support of $ 0.3000 and the 100 hourly SMA. That's down more than 10 percent to $ 0.2677. The pair recently…

Simple Textbook Analysis Spells a Possible 100 Percent XRP/BTC Rally

XRP's performance was not quite a success last year as many expected. The year 2019 saw the XRP/USD price subside by 50%, placing it together with several underperforming traditional asset classes. Last year's powerful BTC's performance, which exhibited a more than 90 percent rally, caused a dramatic downward spell in the XRP/BTC pair's price. The pair's value even went further lower than the XRP/USD price together with other fiat currencies. The cost of one XRP is now below 3k satoshis,…

The XRP/USD Pair Likely to Experience an Upsurge

The XRP/USD price rose over the barrier at $0.2450. The topping of the price happened close to $0.2540 and started correction to the downside. Recently, there was a robust increment in the price over the barriers at $0.2400 and $0.2450. Further, the price moved to the upside over $0.2500 and settled over 100 hourly SMA. However, the sellers successfully protected the gains over $0.2540 and $0.2550. The price formed a high close to $0.2540, and it began to retrace to…

XRP Prices Shows Readiness for A Movement to The Lower Side

A rejection approximated at about $0.2250 was reflected on the XRP/USD pair prices, leading to a downward movement under the $0.2150 and $0.2100 zones. Although there was a significant upsurge in its price, the initial value was maintained at levels, not beyond the $0.2250 zone. It further encouraged the decrease reported to hold at the level of $0.2150 support.  Following this analysis, a downward trend was recorded that illustrated price maintenance below support levels of $0.2100 considered at the 100 hourly…

XRP/BTC Anlysis: Bearish Trends in Bullish Structures

XRP/BTC is reaching the later stages of a wedge formation but has recently hit strong resistance. This resistance has come in the form of the 50, 100, and 200 DMAs and the descending wedge's upper boundary. XRP/BTC Daily 1 Price is currently falling like a knife, smashing through any effort to support price at the 2740 satoshi mark. This is the unfortunate conclusion of a small bull run after price broke through the local range top at 2740 sats on…

XRP Trades Under Support Levels on a Multi-month Basis

Over the last few weeks, Bitcoin's price and most of the Altcoins have continued to fall. Meanwhile, XRP has priced below the primary support levels of $ 0.220 and the 100 Simple Moving Average (4 hours). Hence, it paved the way for further losses below $ 0.210. The price finally sampled the core maintenance area near the $ 0.200 level and the crucial multi-month maintenance near the $ 0.198 level. XRP price fell significantly, even falling below the $ 0.180…

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