XRP dipped below the 38.2% Fibonacci retracement level of $0.49 on April 3, but the long tail on the candlestick shows solid buying at lower levels. The price turned up on April 4 and the bulls tried to push the price toward the overhead resistance at $0.56, but the long wick on the April 5 candlestick shows that sellers are offering a formidable challenge to the bulls near $0.53. If the price continues lower, the bears will again try to sink the price below the 20-day EMA ($0.47). If this level gives way, the XRP/USDT pair may slide to $0.43. On the other hand, if buyers thrust the price above the $0.56-to-$0.58 overhead zone, the pair may surge to $0.65 and then to $0.80.
$tudnt
April 5, 2023
The long wick on XRP’s March 29 candlestick shows that the bears are aggressively defending the resistance at $0.56. The XRP/USDT pair formed an inside-day candlestick pattern on March 30, indicating uncertainty among the bulls and the bears. If the price slips below $0.52, the pair may retest the breakout level of $0.49. This is an important level to watch because a break below it could extend the correction to the 20-day EMA ($0.45). Another possibility is that the price rises from the current level and breaks above the $0.56 to $0.59 resistance zone. If that happens, the pair may skyrocket to $0.65 and $0.80.
Deme0z
March 28, 2023
XRP soared above the overhead resistance of $0.43 on March 21. The bears tried to trap the aggressive bulls by pulling the price below the moving averages but the bulls held their ground. Buyers are trying to push the price toward the overhead resistance at $0.51. If bulls clear this obstacle, the ETH/USDT pair could attempt a rally to $0.56. This level is likely to witness aggressive selling by the bears but if buyers bulldoze their way through, the next stop may be $0.80. Another possibility is that the price turns down from $0.51. During the pullback, if bulls flip the $0.43 level into support, it will suggest that the sentiment has turned positive. That will increase the likelihood of a break above $0.51. The crucial support to watch on the downside is $0.40. If this level gives way, the next support is $0.36.
Crypto_Bro
March 10, 2023
XRP rebounded off the $0.36 support with strength and soared above the resistance line of the descending channel on March 8, a sign that the bulls are buying with full force. If buyers sustain the price above the 50-day simple moving average ($0.39), it will suggest a potential trend change in the near term. The XRP/USDT pair may then start its march toward $0.43 where the bears are again likely to mount a strong defense. If the price turns down from this level, the pair may oscillate between $0.36 and $0.43 for a while longer. Conversely, if the price turns down from the current level, it will suggest that the bears are not willing to let the bulls have their way. Sellers will then again try to pull the pair below $0.36 and clear the path for a possible drop to $0.33.
Know1tAll
February 20, 2023
XRP’s price has been falling in a descending channel pattern. The 20-day EMA ($0.39) is flattish, but the RSI has risen above 54, indicating that bulls are trying to start a recovery. If the price ascends and sustains above the resistance line of the channel, the XRP/USDT pair may start a rally to the crucial overhead level of $0.43. A break and close above this level could open the gates for a possible spurt to $0.51. Contrarily, if the price turns down from the current level and sustains below the moving averages, it will suggest that bears are not willing to give up without a fight. The pair could first slide to $0.36 and then to the support line of the channel.
MrBigMoney
February 12, 2023
The bulls failed to protect the 50-day SMA ($0.38), indicating a lack of demand at lower levels. XRP’s next support is at $0.36. The 20-day EMA ($0.39) has started to turn down and the RSI has slipped into the negative territory, indicating that bears have the edge. Even if the price rebounds off $0.36, the bears will try to sell on rallies to the 20-day EMA. If the price turns down from this level, it will increase the likelihood of a break below $0.36. The XRP/USDT pair could then plunge to $0.33. Alternatively, if the price turns up and rises above the 20-day EMA, the pair may remain stuck between $0.36 and $0.43 for a while longer.
Pascal
February 4, 2023
XRP once again turned down from the $0.42 resistance on Feb. 2, indicating that bears are trying to protect this level. The price is squeezed between the 20-day EMA ($0.40) and $0.42. This suggests a breakout may be around the corner. The gradually upsloping 20-day EMA and the RSI in the positive territory indicate that bulls have the upper hand. This increases the possibility of a break above $0.42. If that happens, the XRP/USDT pair could soar to $0.51. Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, the decline could extend to the 50-day SMA ($0.37).
RealSatoshi
January 28, 2023
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.
Edwardd
January 7, 2023
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.
Dav1d
December 12, 2022
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.
RealSatoshi
December 4, 2022
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.
MrBigMoney
November 20, 2022
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.
D0nald0
November 17, 2022
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.
MrBigMoney
October 10, 2022
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.
$0und0f$ilence
September 16, 2022
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.
AlwaysInGreen
September 13, 2022
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.
D0nald0
August 31, 2022
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.
RealSatoshi
August 12, 2022
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.
Patrick
August 8, 2022
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.
Wanderer
August 2, 2022
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.
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