|

Ripple Technical Analysis: XRP/USD remains weak and it’s at danger of crashing after millions XRP coins from PlusToken scam were moved to exchanges

  • XRP is still one of the weakest coins despite an overall recovery of the crypto market.
  • Millions of XRP coins were moved to exchanges from the PlusToken scam, the famous $2 billion crypto theft.

XRP is again under selling pressure after failing to see a significant bounce and millions of coins were moved to exchanges from the PlusToken scam. The pressure combined could lead XRP into another crash, this time below $0.18. 

XRP/USD daily chart

XRPUSD

It’s clear that XRP’s daily chart is far weaker than the rest of the coins with only a 1.5% price surge on June 22. One of the main differences between XRP and others is the fact that XRP is trading below the daily 12-EMA at $ 0.191 and it’s not close to climbing above it. There are plenty of resistance levels to the upside including the 12-EMA and the 26-EMA. 

Support can be found at $0.1847, the low of June 20, and $0.182 the low of June 15. Below those two levels, bulls will only find a psychological support level at $0.18 and some support at $0.178.

XRP/USD technical levels

XRP/USD

Overview
Today last price0.1889
Today Daily Change0.0030
Today Daily Change %1.61
Today daily open0.1859
 
Trends
Daily SMA200.1961
Daily SMA500.2008
Daily SMA1000.1912
Daily SMA2000.2113
 
Levels
Previous Daily High0.1885
Previous Daily Low0.1856
Previous Weekly High0.1988
Previous Weekly Low0.1821
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1867
Daily Fibonacci 61.8%0.1874
Daily Pivot Point S10.1848
Daily Pivot Point S20.1838
Daily Pivot Point S30.1819
Daily Pivot Point R10.1877
Daily Pivot Point R20.1895
Daily Pivot Point R30.1906

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:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin Price Forecast: DOGE breaks key support amid declining investor confidence

Dogecoin (DOGE) trades in the red on Thursday, following a 4% decline on the previous day. The DOGE supply in profit declines as large wallet investors trim their portfolios. Derivatives data shows a surge in bearish positions amid declining retail interest.

Cardano Price Forecast: ADA dips below $0.37, hitting two-month low as bearish momentum builds

Cardano (ADA) price trades in the red, slipping below $0.37 on Thursday after correcting more than 7% so far this week. The ongoing pullback could deepen further as ADA’s social dominance declines and dormant wallet activity rises, suggesting bearish sentiment among traders.

Top Crypto Losers: Pump.fun, SPX6900, Bittensor slide further with double-digit losses

Pump.fun (PUMP), SPX6900 (SPX), and Bittensor (TAO) are leading the losses in the cryptocurrency market over the last 24 hours amid total liquidations of over $500 million. The retail segment alleges institutional manipulation amid an early-morning Bitcoin sell-off routine in the US market.

Bitcoin, Ethereum whipsaw sparks heavy liquidations amid accusations of market manipulation

The crypto market whipsawed on Wednesday as top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), quickly reversed gains from the early American session.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.