XRP’s price is getting squeezed between the 20-day EMA ($0.40) and the overhead resistance at $0.42. Usually, a tight consolidation near the overhead resistance gives an edge to the buyers but when the bulls fail to surpass the hurdle even after repeated attempts, some traders may book profits. That could start a deeper correction and in this case, a break below the 20-day EMA could open the doors for a drop to the 50-day SMA ($0.37). If bulls want to maintain their dominance, they will have to quickly kick the XRP/USDT pair above the $0.42 to $0.44 resistance zone. That could start a rally to $0.51.
XRP rose above the 20-day EMA of $0.35 on Jan. 4 but the bulls could not sustain the higher levels as seen from the long wick on the day’s candlestick. The price turned down and slumped to the support line of the symmetrical triangle on Jan. 5. Both moving averages are sloping down and the RSI is in the negative zone, indicating that bears are in command. If the price closes below the triangle, the XRP/USDT pair could start its downward journey toward the pivotal support at $0.30. Alternatively, if the price turns up from the current level and climbs above the 20-day EMA, it will suggest strong buying near the support line. The pair could then reach the resistance line of the triangle.
XRP turned up from the strong support of $0.37 on Dec. 7, indicating that the bulls are buying the dips. This is the second occasion when the bulls have defended this level, hence $0.37 becomes an important level to keep an eye on. The 20-day EMA is flattish and the RSI is near the midpoint, implying that the XRP/USDT pair could remain stuck between $0.37 and $0.41 for some time. If buyers drive the price above the 20-day EMA, the pair could rally to $0.41. This level may act as a major barrier for the bulls but if they manage to overcome it, the pair could pick up momentum and rally toward $0.51. If the price turns down from the 20-day EMA, the bears will again try to sink the pair below $0.37 and strengthen their hold. If they manage to do that, the pair could decline to $0.34.
XRP is facing resistance at $0.41 but finding support at the uptrend line. The price action of the past few days has formed an ascending triangle pattern, which will complete on a break and close above $0.41. If that happens, it will suggest a potential trend reversal and the XRP/USDT pair could start an up-move to $0.45 and later to $0.51. Alternatively, if the price turns down and breaks below the uptrend line, it will invalidate the bullish setup. That could sink the price to $0.37 and then to $0.34. Such a move will suggest that the pair may extend its stay inside the large range between $0.30 and $0.41 for a few more days. The flattish 20-day EMA and the RSI near the midpoint also suggest a consolidation in the near term.
Buyers pushed XRP above the downtrend line on Nov. 20 but could not clear the hurdle at the 20-day EMA of $0.39. This suggests that the sentiment remains negative and traders are selling on rallies. The XRP/USDT pair could drop to the support line where buyers may step in. A strong rebound off the support line will suggest that the pair has formed a symmetrical triangle pattern. On the other hand, if the price slips below the support line, the pair could drop to the $0.32 to $0.30 support zone. A strong rebound off this zone will indicate that the pair may remain stuck between $0.30 and $0.41 for a few days. The bears will have to pull the price below $0.30 to signal the start of the next leg of the downtrend.
XRP re-entered the $0.41 to $0.30 range on Nov. 8, indicating a lack of demand at higher levels. The selling continued on Nov. 9 and the price dropped to $0.32. Buyers purchased the dip and tried to push the price back above $0.41 but the bears did not relent. This suggests that the bears have flipped the $0.41 level into resistance. The bears will again try to pull the pair to the critical support at $0.30. This is an important level for the bulls to defend because a break and close below it could signal the resumption of the downtrend. On the upside, the first sign of strength will be a break and close above $0.41. The XRP/USDT pair could then rise to the 50-day SMA of $0.45.
XRP’s failure to clear the overhead hurdle at $0.56 on Oct. 9 may have attracted profit-booking by the short-term traders. That pulled the price to the 20-day EMA ($0.47) on Oct. 11. If the rebound fails to climb above $0.51, it will suggest that the bulls are not viewing the dip as a buying opportunity. That could increase the odds of a break below the 20-day EMA. If that happens, the selling could intensify and the XRP/USDT pair may drop to the breakout level of $0.41. The bulls are likely to forcefully defend this level. Contrary to this assumption, if the price turns up and rises above $0.51, the bulls will again strive to drive the pair above $0.56. If they can pull it off, the pair could rally to $0.66.
After trading near the 50-day SMA ($0.35) for three days, Ripple (XRP) turned down and broke below the moving averages on Sept. 13. This pulled the price below the breakout level of $0.34. Buyers are trying to push the price back above the 20-day EMA ($0.34) on Sept. 14. If they succeed, it will suggest that the XRP/USDT pair has formed a higher low at $0.33. The pair could then retest the overhead resistance at $0.36. A break and close above this level could push the pair toward $0.39. Contrary to this assumption, if the price turns down from the 20-day EMA, it will suggest that bears are selling on minor rallies. That could pull the price down to the strong support at $0.32.
Ripple's (XRP) tight range trading between $0.32 and $0.34 resolved to the upside on Sept. 9, and the price reached the 50-day SMA ($0.35) The bears are attempting to stall the recovery at this level but they have not been able to pull the price below the 20-day EMA ($0.34). This suggests strong buying at lower levels. The 20-day EMA has started to turn up and the RSI is in the positive territory, suggesting advantage to buyers. If the price breaks and sustains above the 50-day SMA, the XRP/USDT pair could rally to $0.37 and later to $0.39. Buyers will have to clear this hurdle to signal a potential trend change. Instead, if the price turns down from the current level and breaks below $0.34, it will suggest that bears continue to sell on rallies. The pair could then decline to the strong support at $0.32.
The bulls failed to sustain Ripple (XRP) above the moving averages on Aug. 26, indicating that the breakout may have been a bull trap. That intensified selling and the bears are attempting to pull the price to the strong support at $0.30. Buyers are likely to defend the $0.30 support aggressively because if the support cracks, the XRP/USDT pair could start the next leg of the downtrend. The pair could then decline to $0.25 and later to the pattern target of $0.21. Alternatively, if the price rebounds off $0.30 with strength, it will indicate strong demand at lower levels. The bulls will then again attempt to push the price above the moving averages. If they can pull it off, the pair could rally to the strong overhead resistance at $0.39.
The bulls failed to push XRP above the overhead resistance at $0.39 on Aug. 8. This attracted sharp selling by the bears who pulled the price below the 20-day EMA ($0.37) on Aug. 9. A minor positive is that the bulls bought the dip and have pushed the price back above the 20-day EMA on Aug. 10. The buyers will again attempt to push the price above the overhead resistance zone between $0.39 and $0.41. If they succeed, the XRP/USDT pair could rise to $0.48 and later to $0.54. Contrary to this assumption, if the price turns down from the overhead resistance and breaks below the 50-day SMA ($0.35), it will suggest that the pair may remain range-bound between $0.30 and $0.39 for a few more days.
Ripple's (XRP) price has been squeezed between the 20-day EMA ($0.36) and the overhead resistance at $0.39 for the past few days. Usually, such tight ranges lead to a range expansion. The rising 20-day EMA and the RSI in the positive area indicate advantage to buyers. If bulls push and sustain the price above $0.39, it will suggest the start of a new up-move. The XRP/USDT pair could then rise to $0.48 and later to $0.54. This positive view will invalidate in the near term if the price turns down and breaks below the 20-day EMA. The pair could then drop to the 50-day SMA ($0.35). Such a move will suggest that the pair may spend some more time inside the range.
XRP price rose above the overhead resistance of $0.39 on July 30 and 31 but the bulls could not sustain the higher levels. This suggests that the bears have not yet given up and continue to defend the $0.39 level aggressively. The gradually up-sloping 20-day EMA ($0.36) and the RSI in the positive territory indicate a slight advantage to buyers. If the price rebounds off the 20-day EMA, it will improve the prospects of a rally above the overhead zone between $0.39 and $0.41. If that happens, the XRP/USDT pair could rally to $0.48. Conversely, if the price slips below the 20-day EMA, it will suggest that traders are booking profits as they expect the pair to remain range-bound for a few more days. A break below the 50-day SMA ($0.34) could open the doors for a drop to $0.30.
Ripple (XRP) plunged below the support line of the symmetrical triangle on July 11. This indicates that the uncertainty among the bulls and the bears resolved to the downside. The bulls tried to push the price back into the triangle on July 13 but the long wick on the candlestick suggests that bears are selling on minor intraday rallies. If the price breaks below $0.30, the XRP/USDT pair could drop to the crucial support at $0.28. A break and close below this level could signal the start of the next leg of the downtrend. The first sign of strength will be a break and close above the 20-day EMA ($0.33). Such a move will suggest that the slide below the triangle may have been a bear trap. The pair may signal a potential trend change on a break above the resistance line of the triangle.
XRP has been trading inside a symmetrical triangle pattern, indicating indecision among the bulls and the bears. The symmetrical triangle usually acts as a continuation pattern but on some occasions, it also behaves as a reversal pattern. The price has rebounded off the support line of the triangle and the bulls will attempt to push the XRP/USDT pair above the 20-day EMA ($0.33). If they succeed, the pair could rise to the resistance line of the triangle. A break and close above this level could suggest the start of a new up-move. The pair could then rally to $0.48. Another possibility is that the price turns down sharply from the 20-day EMA and breaks below the support line of the triangle. That could pull the pair down to the critical support at $0.28. If this level cracks, the next stop could be $0.23.
Ripple (XRP) dropped to $0.30 on June 13, which is the pattern target of the break below the descending triangle. The bears pulled the price below the support on June 14 but the bulls purchased the dip as seen from the long tail on the day’s candlestick. The buyers are attempting to start a recovery that could reach the breakdown level of $0.38. If bears flip this level into resistance, it will suggest that the sentiment remains negative. The sellers will then try to resume the downtrend and sink the XRP/USDT pair to the next strong support at $0.24. On the contrary, if bulls drive and sustain the price above $0.38, it will suggest strong buying at lower levels. The buyers will then try to push the pair to the 50-day SMA ($0.45). The bears are likely to pose a strong challenge in the zone between $0.46 and $0.50.
Ripple (XRP) formed an outside-day candlestick pattern on June 7, with the price rebounding off the strong support at $0.38 and closing near the overhead resistance at the downtrend line. However, buyers could not build upon this move and push the price above the downtrend line on June 8. This suggests that bears continue to sell near resistance levels. The bears will again attempt to sink the price below $0.38. If they succeed, the XRP/USDT pair will complete a descending triangle pattern. That could result in a decline to the May 12 intraday low of $0.33. If this support cracks, the next stop could be the pattern target of $0.30. This negative view could be invalidated in the short term if bulls propel the price above the 20-day EMA. The pair could then rally to $0.46.
Although Ripple (XRP) dipped below $0.38 on May 26, the bears could not maintain the selling pressure. This started a recovery on May 28, which has reached the downtrend line. The bears have repeatedly mounted a strong defense at the downtrend line; hence, this is an important resistance to keep an eye on. If the price reverses direction from the downtrend line, the bears will try to pull the XRP/USDT pair below $0.37 and challenge the crucial support at $0.33. On the contrary, if buyers drive and sustain the price above the 20-day EMA ($0.43), it will suggest that the sellers may be losing their grip. The pair could then rally to the psychological level at $0.50.
The bulls are defending the immediate support at $0.38. Although Ripple (XRP) bounced off $0.39 on May 24, the bulls could not sustain the higher levels. The bears are again attempting to sink the price below the support at $0.38 but the long tail on the candlestick suggests strong buying at lower levels. If the demand sustains at higher levels, the bulls will attempt to push the price above the downtrend line and challenge the 20-day EMA ($0.46). On the contrary, if the price turns down from the current level or the downtrend line, the bears may again try to sink the XRP/USDT pair below $0.38. If they can pull it off, the pair could drop to the vital support at $0.33.
Ripple’s (XRP) recovery failed to sustain above $0.45, indicating a lack of demand at higher levels. The bears will now attempt to pull the price below the immediate support zone at $0.40 to $0.38. If they do that, the XRP/USDT pair could drop to $0.33. This is an important level to keep an eye on because a break and close below it could signal the resumption of the downtrend. The XRP/UDST pair could then plunge to the next support at $0.24. On the other hand, if the price rises from $0.38 or $0.33, the bulls will again try to push the pair above $0.45. If they succeed, the pair could rise to the stiff overhead resistance zone at $0.50 to $0.55. The bulls will have to clear this hurdle to suggest that the downtrend may be over.
* Crypto Rating accepts no liability for content of the XRP reviews made by the site users. The entire responsibility for the contents rests with the authors.
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