|

Ripple price analysis: XRP/USD struggles to stay above 50-SMA, $0.6000 may be retested

  • Ripple managed to recover from under $0.6000, but the upside is limited.
  • XRP's fate depends on BTC momentum.

Ripple goes on with Bitcoin's trend despite positive news related to Revolt adoption of XRP. The coin has recovered from $0.5750 low touched on Wednesday, now trading at $0.6250. From the short-term point of view, XRP/USD has settled between 50-SMA (hourly chart) at $0.6140 and 100-SMA at $0.6419. Once the upper level of this channel is broken, the coin will have a chance to extend upside movement towards 61.8% Fibo of the upside movement from $0.4500 low to $0.9650 high at $0.6470 and to the ultimate bullish goal at $0.6800. 

Ripple is the third largest coin with current market value $24.7B and average daily volume $420M, up from $234M registered on Wednesday. The fact that Ripple is recovering from lows on growing volumes might be interpreted s a positive sign, to it is to early to say that the worst is over. 

Ripple along with Ethereum concerns US regulators.  They think that it may be categorized as a security, and if this happens, the coin will crash. 

XRP/USD, the hourly chart

XRP/USD, the hourly chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.