TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Ripple's XRP Price Prediction: XRP/USD bulls attempting to break back above the game-changing resistance trend line

  • Ripple's XRP price in the second part of Thursday's session nursing minor losses of some 1%. 
  • XRP/USD making a big attempt to break back above a breached prior acting supporting trend line. 
Ripple's XRP Price Prediction: XRP/USD bulls attempting to break back above the game-changing resistance trend line
Ken ChigboKen ChigboIndependent Analyst

Ripple's XRP price in the second part of the trading on Thursday is seen holding nursing minor losses of some 1%. Bulls are attempting to break back above a supporting ascending trend line, completing a breakout and retest technical move. 

XRP/USD on 26th March produced a bullish reversal hammer candlestick, indicating a change in trend, after recent price cooling over the last few sessions. 

Looking via the confluence detector to identify the strong supporting barriers to; $0.3063, daily 38.2% Fibonacci, $0.3031, daily 61.8% Fibonacci. To the upside; $0.3095, weekly 23.6% Fibonacci, $0.3127, daily 10SMA, monthly 61.8% Fibonacci, weekly 38.2% Fibonacci. 

XRP/USD daily confluence detector 

XRP/USD daily chart

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
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

Hyperliquid eyes $30 breakout despite declining staking balance

Hyperliquid eyes $30 breakout despite declining staking balance

Hyperliquid is trading above $28.00 at the time of writing on Wednesday, after rebounding from support at $27.50. The broader cryptocurrency market is characterised by widespread intraday losses ahead of the Fed monetary policy decision.

XRP dips toward $2.00 as crypto market anticipates Fed decision

XRP dips toward $2.00 as crypto market anticipates Fed decision

Ripple is grinding lower, trading at $2.06 at the time of writing on Wednesday, reflecting risk-off sentiment across the cryptocurrency market ahead of the Fed monetary policy decision.

Crypto Today: Bitcoin, Ethereum hold steady as XRP struggles ahead of Fed rate decision

Crypto Today: Bitcoin, Ethereum hold steady as XRP struggles ahead of Fed rate decision

Bitcoin holds above $92,000, supported by ETF inflows and hopes of a potential Fed interest rate cut. Ethereum rises above the 50-day EMA as the MACD and RSI signal a bullish turnaround. XRP trades under pressure as sellers target $2.00 support despite mild ETF inflows.

Bitcoin holds $92,000, primed for volatility as Fed decision looms

Bitcoin holds $92,000, primed for volatility as Fed decision looms

Bitcoin price approaches key resistance at $94,253, a breakout above this level could trigger further upside momentum. BTC may see heightened volatility as the Fed is set to announce its monetary policy decision and forward guidance.

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

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.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.