Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 2795
Markets: 82575
CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
Market Cap
24h Vol
2795
Cryptocurrencies
54.81%
Bitcoin Share
NewsBTC 2024-06-20 03:48:06

XRP Price Stuck In Tiny Trading Range: Consolidation Phase Continues

XRP Price Stuck In Tiny Trading Range: Consolidation Phase Continues

XRP price is struggling to start a steady increase above $0.50. The price must settle above $0.50 and $0.510 to gain bullish momentum in the near term. XRP price started a minor upward move from the $0.4765 zone. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance at $0.500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if it clears the $0.50 and $0.510 resistance levels. XRP Price Consolidates XRP price extended losses below $0.50 like Bitcoin before the bulls appeared. The price tested the $0.4765 level and recently started a recovery wave. A low was formed at $0.4765 and the price climbed within a range. There was a move above the $0.4800 and $0.4850 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the recent decline from the $0.5105 swing high to the $0.4765 low. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. However, the price seems to be facing hurdles near the $0.4980 and $0.50 levels. There is also a short-term rising channel forming with resistance at $0.500 on the hourly chart of the XRP/USD pair. The resistance coincides with the 61.8% Fib retracement level of the recent decline from the $0.5105 swing high to the $0.4765 low. A clear move above the $0.50 resistance might send the price toward the $0.510 resistance. The next major resistance is near the $0.520 level. A close above the $0.520 resistance zone could send the price higher. The next key resistance is near $0.5320. If the bulls push the price above the $0.5320 resistance level, there could be a steady increase toward the $0.550 resistance. Any more gains might send the price toward the $0.5650 resistance. Another Decline? If XRP fails to clear the $0.50 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 level and the channel zone. The next major support is at $0.4840. If there is a downside break and a close below the $0.4840 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4765 low in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.4840 and $0.4765. Major Resistance Levels – $0.500 and $0.510.

Most Read News

Market Cap
24h Vol
54.81%
Bitcoin Share
381
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.