Ripple's XRP Technical Analysis: XRP/USD here come the bears, a wave could be coming

  • Ripple's XRP price on Wednesday trading in the red, down some 2.5% in the second half of the session. 
  • XRP/USD broken key ascending trend line of support, leaving door open to further pressure. 

XRP/USD 15-minute chart

  • Buyers remain active within the $0.2900-0.2800 price range, as seen with latest pop higher in near-term demand area. 

Spot rate:                0.2915

Relative change:    -2.60%

High:                       0.3003

Low:                        0.2876


Trend:                      Bearish


Support 1:               0.2961, daily pivot point support.

Support 2:               0.2930, daily pivot point support.

Support 3:               0.2897, daily pivot point support.

Resistance 1:          0.3026, daily pivot point resistance.

Resistance 2:          0.3059, daily pivot point resistance.

Resistance 3:          0.3091, daily pivot point resistance.


XRP/USD 60-minute chart

  • Near-term range-block/consolidation observed after recent drop south.

XRP/USD daily chart

  • Price slipped out from a daily rising ascending trend line of support. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Crypto Today: Bitcoin claws back its market share

BTC/USD is currently trading at $8,307 (-2.5% on a day-to-day basis). The coin has been moving within a short-term bullish trend during early Asian hours.

More Cryptocurrencies News

Ethereum Classic Price Analysis: ETH/USD bears flip the bulls, target shifts to $5

Ethereum Classic is facing the ultimate correction following a massive bull-run that had it hit January highs around $12 from December lows at $3.41. The persuasive urge upwards has, however, ended in losses due to a lack of ...

More Ethereum Classic News

XRP/USD struggles to save triangle support at its peak

Ripple price struggles to stay above $0.22 support amid a forceful downtrend momentum from recent highs at $0.255. The formation of a falling triangle hints a bullish breakout if its support is defended and XRP bulls allowed to focus on $0.24 resistance.

More Ripple News

DASH Price Analysis: DASH/USD dips below the $100-mark

DASH/USD fell from $102.75 to $97.45, dropping below the $100-level in the process. DASH/USD has charted three straight bearish sessions in the daily chart after the bulls ran out of steam at the $110.60-level.

More Dash news


Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast