Tag Archives: XRPUSD

Triangle Formation That Sparked The 2017 XRP Rally Returns, What’s The Target?

Posted on by — No Comments ↓

The XRP price is seeing another triangle formation on its chart that could point to an impending rally. One important fact about this triangle formation is the fact that it led to a significant rally seven years ago, and if history repeats itself, then XRP may be set for a bullish wave. XRP Triangle Formation… Continue reading Triangle Formation That Sparked The 2017 XRP Rally Returns, What’s The Target?→

XRP Price Dips Again: What’s Causing The Continued Slide?

Posted on by — No Comments ↓

XRP price struggled to recover above the $0.480 resistance zone. The price is again moving lower and might drop below the $0.4680 support. XRP price failed to extend gains above the $0.4800 resistance zone. The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming… Continue reading XRP Price Dips Again: What’s Causing The Continued Slide?→

XRP Price Facing Another Drop: Understanding The Key Drivers

Posted on by — No Comments ↓

XRP price started a recovery wave from the $0.4620 support. The price is now struggling to clear $0.4780 and might restart its decline. XRP price is attempting a recovery wave from the $0.4620 support zone. The price is now trading below $0.4800 and the 100-hourly Simple Moving Average. There is a key bearish trend line… Continue reading XRP Price Facing Another Drop: Understanding The Key Drivers→

XRP Price Targets Strong Recovery: Key Indicators and Predictions

Posted on by — No Comments ↓

XRP price extended losses and tested the $0.4620 support. The price is now recovering and might gain bullish momentum if it clears the $0.4825 resistance. XRP price remained in a bearish zone and tested the $0.4620 support zone. The price is now trading below $0.4820 and the 100-hourly Simple Moving Average. There is a key… Continue reading XRP Price Targets Strong Recovery: Key Indicators and Predictions→

XRP Bears In Control: Understanding the Sustained Bearish Sentiment

Posted on by — No Comments ↓

XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the bears might aim for a move toward $0.4550. XRP price faced another rejection near the $0.4880 resistance zone. The price is now trading below $0.4850 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line… Continue reading XRP Bears In Control: Understanding the Sustained Bearish Sentiment→

XRP Exhibiting Unusual On-Chain Behavior, How Will This Affect Price?

Posted on by — No Comments ↓

Data shows XRP is currently exhibiting an interesting on-chain behavior amidst a broader market uncertainty. This unusual behavior was highlighted by CryptoQuant, a crypto on-chain analytics company. The peculiar behavior is noteworthy because it is associated with a growing open interest in XRP in comparison to other cryptocurrencies, suggesting XRP is primed for a major… Continue reading XRP Exhibiting Unusual On-Chain Behavior, How Will This Affect Price?→

XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness

Posted on by — No Comments ↓

XRP, one of the leading cryptocurrencies, is currently grappling with extended bearish pressure amid prevailing market weakness. The digital asset has been facing significant downward momentum, influenced by a confluence of factors including macroeconomic uncertainties, regulatory challenges, and broader market sentiment.  Thus far, XRP’s price has struggled to maintain key support levels, exacerbating concerns among… Continue reading XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness→

XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness

Posted on by — No Comments ↓

XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support. XRP price faced another rejection near the $0.50 resistance zone. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There was a break below a short-term… Continue reading XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness→

Cardano And XRP Shorting Activity Could Act As ‘Rocket Fuel’ For A Rally; Santiment

Posted on by — No Comments ↓

On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal.  Heavy Trader Shorting Could Lead To Price Rises… Continue reading Cardano And XRP Shorting Activity Could Act As ‘Rocket Fuel’ For A Rally; Santiment→

SEC Drama Fuels XRP Rally: Open Interest Skyrockets

Posted on by — No Comments ↓

The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant… Continue reading SEC Drama Fuels XRP Rally: Open Interest Skyrockets→