• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Charted: Ripple (XRP) Signaling Bearish Continuation Below $0.55

by
December 11, 2020
in Uncategorized
0
Charted: Ripple (XRP) Signaling Bearish Continuation Below $0.55
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ripple is struggling to clear the $0.5800 resistance against the US Dollar. XRP price is showing bearish signs and it could accelerate lower below $0.5420.

  • Ripple topped just above the $0.6000 level before starting a fresh decline against the US dollar.
  • The price is now trading well below the $0.5680 support and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $0.5800 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to continue lower if there is a clear break below $0.5500 and $0.5420.

Ripple Price is Showing Bearish Signs

In the past 2-3 sessions, there were bearish moves in bitcoin, Ethereum, and ripple against the US Dollar. XRP price formed a high near the $0.6059 before it started a fresh decline.

Related articles

SEC v Ripple: Court Denies SEC’s Request for Personal Financial Records Not Connected to XRP

April 10, 2021

How Bitcoin back above $60,000 could create a powerful upside move

April 10, 2021

There was a clear break below the $0.5800 and $0.5750 support levels. There is also a key bearish trend line forming with resistance near $0.5800 on the hourly chart of the XRP/USD pair. The pair even traded below the $0.5650 support and settled well below the 100 hourly simple moving average.

It spiked below the 50% Fib retracement level of the upward move from the $0.5024 swing low to $0.6059 high. An immediate support on the downside is near the $0.550 level. The first key support is near the $0.5420 level. It is close to the 61.8% Fib retracement level of the upward move from the $0.5024 swing low to $0.6059 high.

Ripple Price

Source: XRPUSD on TradingView.com

A successful close below the $0.5500 and $0.5420 support levels may perhaps start a fresh decline in the coming sessions. In the stated case, there is a risk of a drop towards the $0.5200 support or even $0.5100.

Upsides Capped in XRP?

If there is no downside break in ripple below the $0.5420 support, it could start a decent rise. An initial resistance on the upside is near the $0.5650 level. The first major resistance is near the $0.5720 level.

The main resistance is forming near the bearish trend line, $0.5800, and the 100 hourly simple moving average. A close above the $0.5800 level could start a strong increase towards the $0.6000 and $0.6120 levels in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level.

Major Support Levels – $0.5500, $0.5420 and $0.5200.

Major Resistance Levels – $0.5650, $0.5700 and $0.5800.

Share76Tweet47

Related Posts

SEC v Ripple: Court Denies SEC’s Request for Personal Financial Records Not Connected to XRP

by
April 10, 2021
0

In the SEC v. Ripple case, the court has denied the request by the U.S. Securities and Exchange Commission (SEC)...

How Bitcoin back above $60,000 could create a powerful upside move

by
April 10, 2021
0

After a consolidation phase spread over the last few weeks, Bitcoin is trading back above $60,000. With 3% gains in...

Why this OlympusDAO’s product could be amongst DeFi most lucrative

by
April 10, 2021
0

Taking the market by storm, OlympusDAO’s native OHM is up 95.8% this week alone and 31.1% in the past two...

Bitcoin’s comeback, XRP doubles in a week, Coinbase’s big profits: Hodler’s Digest, April 4–10

by
April 10, 2021
0

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best...

Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader

by
April 10, 2021
0

According to professional trader Scott Melker, Ethereum’s “tremendous upside potential” could overshadow Bitcoin this year. Ethereum is likely to outperform...

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

SEC v Ripple: Court Denies SEC’s Request for Personal Financial Records Not Connected to XRP

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

SEC v Ripple: Court Denies SEC’s Request for Personal Financial Records Not Connected to XRP

April 10, 2021

How Bitcoin back above $60,000 could create a powerful upside move

April 10, 2021

Why this OlympusDAO’s product could be amongst DeFi most lucrative

April 10, 2021

Bitcoin’s comeback, XRP doubles in a week, Coinbase’s big profits: Hodler’s Digest, April 4–10

April 10, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.