Image default
Price Ripple

Ripple Price Analysis: This is the Key Level XRP Must Break to Turn Bullish

More than a 15% price increase in just four days has created optimism among XRP holders. Once again, the bulls were able to defend the support at $0.3 and aimed to reverse the trend by breaking above the critical resistance. But despite the optimism, the mission will not be that easy.

Technical Analysis

Technical Analysis By Grizzly

The Daily Chart

On a daily timeframe, buyers pushed the price towards the short-term horizontal resistance at $0.4, trying to break the significant level in their third attempt.

This time, the 14-day RSI indicator entered the bullish territory and broke above the baseline. This indicates that the bulls have gained relatively more power than before.

XRP is currently struggling with resistance at the 50-day moving average (marked in yellow). A breakout, if occurs, will be the first time since March 9, 2022. However, consolidating above the critical resistance at $0.48 – $0.52 is the first step before a possible reversal occurs.

Key Support Levels: $0.28 & $0.24

Key Resistance Levels: $0.40 & $0.48

Moving Averages:

MA20: $0.33


MA50: $0.35


MA100: $0.46


MA200: $0.61

The XRP/BTC Chart

The XRP/BTC is trading below the yellow descending line that has prevented a price recovery on five different attempts. To initiate a rally, buyers must first defend the support at 1500 SATs (in green) and then gain enough momentum to push above the 1700 – 1800 SATs resistance zone (in red).

Key Support Levels: 1500 SATs& 1250 SATs

Key Resistance Levels: 1800 SATs & 2000 SATs

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Read More

Related posts

Ripple v. SEC: Pro-XRP Lawyer Says This is the Regulator’s Dumbest Argument

Ripple Price Analysis: Here’s the Next Target for Ripple After Breaking Above $0.7

Cryptotopian420

Crypto Price Analysis & Overview June 18th: Bitcoin, Ethereum, Ripple, Cardano, & Solana

Cryptotopian420

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.