TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Ripple Price Prediction: XRP/USD at risk of falling below $0.18 again after significantly slowing down

  • XRP/USD had a notable bull breakout above $0.21 but got rejected. 
  • The daily uptrend formed was looking promising but the consolidation period has extended a bit too much.
Ripple Price Prediction: XRP/USD at risk of falling below $0.18 again after significantly slowing down
Lorenzo StroeLorenzo StroeIndependent Analyst

XRP is still actually stronger than most of the top coins, however, it has been slowing down significantly and is losing a lot of bullish momentum. Buyers have been able to defend the daily 26-EMA several days in a row and XRP is currently above the 12-EMA too.

XRP needs to stay above $0.20 

If XRP continues trading below this crucial level, bears can easily continue pushing XRP down as there aren’t many support levels nearby. The surge towards $0.21 happened fast in only three days and has formed basically no support points on the way up. 

However, a more concerning indicator is the weekly chart which has been bearish for years now. The current small bounce hasn’t changed the weekly downtrend. XRP could be forming an equilibrium pattern that will most likely favor the bears as the digital asset continues trading below the 26-EMA and both EMAs are bearishly crossed. They have been like that since May 2018.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
Share:

Editor's Picks

Cardano: Under pressure as bearish derivatives cap recovery

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.