Ripple price analysis: XRP/USD trading above $0.60, but the crisis is not over; India's Coinone exchange adds XRP trading pairs

Ripple to use Coinone listing as support to attack $0.65 as it recoils towards $0.70.
A breach below the short-term support at $0.60 could test the next demand area at $0.55.

John Isige FXStreet

Ripple price is hanging on the edge of a cliff at $0.60. The bears are threatening to push the price below the short-term support level. The crypto is however still correcting higher, but marginally, besides, it is up 1.44% on the day.

One of India’s cryptocurrency exchanges, Coinone has added the support for Ripple (XRP) as a trading instrument. The news that was relayed via Twitter comes after Ripple price and other digital assets including Bitcoin enjoyed a brief bullish momentum yesterday. It is expected that the new support will push Ripple price towards $0.70. The tweet from by Coinone said:

“The Wait is Over, Ripple is now LIVE on Coinome. Deposits are now open, and XRP/INR trade will start at 1 PM, followed by XRP/BTC at 5 PM tomorrow (30th May). @Ripple @CoinomeOfficial.”

Ripple price can be observed to have sustained continued declines from the beginning of May after trading above $0.90. XRP/USD movements had been locked below a descending trendline until the brief rally that occurred yesterday. At the moment, it is trading above $0.60, but a major resistance can be seen at $0.65. The Stochastic has begun slopping while the gap between the 50 SMA and the 100 SMA increasing, showing that selling pressure is still present and the crisis is not over. If the sellers breach the support at $0.60, Ripple price could test the lows traded earlier this week at $0.055.

XRP/USD 3-hour chart

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Top Altcoins Price Forecast: XRP and ADA rebound as DOGE lags behind

The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin rising above $65,000 amid improving retail sentiment. Top altcoins, including Ripple and Cardano, are gaining bullish momentum, while Dogecoin continues to consolidate, holding above a crucial support zone.

Ripple and Stellar outlook: Mixed signals keep traders at a crossroads

Ripple and Stellar trade within tight ranges as traders await the next directional move. XRP’s technical indicators suggest bearish momentum is fading, while XLM continues to consolidate near a critical support zone. Mixed derivatives metrics highlight growing market indecision, raising the likelihood of a volatile breakout in either direction in the coming days.

Shiba Inu Price Forecast: Extends gains as on-chain and derivatives metrics confirm bullish bias

Shiba Inu extends gains, trading above $0.0000042 after breaking above the descending trendline the previous day. Strengthening on-chain data and improving derivatives metrics support further gains for the meme coin. CryptoQuant’s exchange netflow chart below shows five consecutive days of net outflows since July 17.

Bitcoin climbs above $65K as ETF flows recover despite rising macro risks

Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.