Monday, May 12, 2025
ModernCryptoNews.com
  • Crypto
  • NFTs & Metaverse
  • DeFi
ModernCryptoNews.com
No Result
View All Result

XRP Maintains Support: Can It Rise Amid BTC and ETH Declines?

July 28, 2024
Reading Time: 3 mins read
0
XRP Maintains Support: Can It Rise Amid BTC and ETH Declines?


RELATED POSTS

Top Crypto News This Week: FOMC Minutes, EigenLayer Upgrade, Arbitrum Staking, and More – BeInCrypto

Bitcoin Price Tests Support: Will It Bounce Back Stronger?

Meme Coin Market Looking Grim: 4 of Top 6 Losers For the Week Are Memes – CryptoPotato

XRP worth prolonged positive factors above the $0.6220 zone. The worth examined the $0.6330 zone earlier than there was a pullback amid declines in BTC and ETH.

  • XRP worth began a draw back correction from the $0.6330 zone.
  • The worth is now buying and selling close to $0.600 and the 100-hourly Easy Shifting Common.
  • There’s a connecting bullish pattern line forming with help at $0.5920 on the hourly chart of the XRP/USD pair (information supply from Kraken).
  • The pair may begin one other improve if it stays above the $0.590 help zone.

XRP Worth Holds Uptrend Help

XRP worth prolonged its improve above the $0.6150 resistance. It even climbed above the $0.6220 resistance earlier than the bears appeared. A excessive was fashioned at $0.6330 earlier than Bitcoin and Ethereum dragged the market decrease.

There was a transfer beneath the $0.6150 and $0.6120 ranges. The worth declined beneath the 50% Fib retracement stage of the upward transfer from the $0.5802 swing low to the $0.6330 excessive. It’s now buying and selling close to $0.600 and the 100-hourly Easy Shifting Common.

There’s additionally a connecting bullish pattern line forming with help at $0.5920 on the hourly chart of the XRP/USD pair. The pattern line is near the 76.4% Fib retracement stage of the upward transfer from the $0.5802 swing low to the $0.6330 excessive.

XRP Price

If there’s a recent upward transfer, the worth may face resistance close to the $0.6120 stage. The primary main resistance is close to the $0.6200 stage. The following key resistance could possibly be $0.6220. A transparent transfer above the $0.6220 resistance would possibly ship the worth towards the $0.6350 resistance. The following main resistance is close to the $0.6500 stage. Any extra positive factors would possibly ship the worth towards the $0.680 resistance.

ADVERTISEMENT

Extra Losses?

If XRP fails to clear the $0.6120 resistance zone, it may proceed to maneuver down. Preliminary help on the draw back is close to the $0.5950 stage. The following main help is at $0.5920 and the pattern line zone.

If there’s a draw back break and an in depth beneath the $0.5920 stage, the worth would possibly proceed to say no towards the $0.580 help within the close to time period.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for XRP/USD is now beneath the 50 stage.

Main Help Ranges – $0.5920 and $0.5800.

Main Resistance Ranges – $0.6120 and $0.6220.



Source link

Tags: BTCdeclinesETHmaintainsRisesupportXRP
ShareTweetPin
wpadministrator

wpadministrator

Related Posts

Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News
Market & Analysis

Top Crypto News This Week: FOMC Minutes, EigenLayer Upgrade, Arbitrum Staking, and More – BeInCrypto

August 19, 2024
Bitcoin Price Tests Support: Will It Bounce Back Stronger?
Market & Analysis

Bitcoin Price Tests Support: Will It Bounce Back Stronger?

August 18, 2024
Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News
Market & Analysis

Meme Coin Market Looking Grim: 4 of Top 6 Losers For the Week Are Memes – CryptoPotato

August 18, 2024
Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?
Market & Analysis

Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?

August 18, 2024
Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News
Market & Analysis

Crypto Market Awaits FOMC Minutes & Fed Chair Powell’s Speech – CoinGape

August 18, 2024
PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support
Market & Analysis

PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support

August 17, 2024
Next Post
Ethereum transactions surge: Buying frenzy or selling spree?

Ethereum transactions surge: Buying frenzy or selling spree?

Experts Forecast a 13% Growth for Dogecoin (DOGE) in Q4 2024, While MoonTaurus (MNTR) Is Projected to Surge 2100% Post-Launch

Experts Forecast a 13% Growth for Dogecoin (DOGE) in Q4 2024, While MoonTaurus (MNTR) Is Projected to Surge 2100% Post-Launch

Recommended

Top cryptocurrencies to watch this week: ETH, DOGE, SHIB

March 3, 2024

DappRadar’s Proven Formula for Successful FACT0RN $FACT Staking | by DeFi Donor Enthousiast | Apr, 2024

April 6, 2024
Dogecoin traders should be on the lookout for THIS support level – AMBCrypto News

These Altcoins Are Generating Buzz Among Experts: Here’s What You Need to Know – Coinspeaker

October 26, 2024

Popular Stories

  • What are rebase tokens, and how do they work?

    0 shares
    Share 0 Tweet 0
  • Crypto Whales Gobble Up Over $76,000,000 Worth of Ethereum-Based Altcoin in One Week, Says Analyst

    0 shares
    Share 0 Tweet 0
  • Coinbase CEO Brian Armstrong Says ‘Just Bitcoin’ the Best Option for US Crypto Strategic Reserve

    0 shares
    Share 0 Tweet 0
  • Crypto Trading Platform BitMEX Pleads Guilty To Bank Secrecy Act Violations

    0 shares
    Share 0 Tweet 0
  • Bitcoin, Ethereum, Dogecoin Edge Higher As Market Cheers Solana Spot ETF Filing: Analyst Forecasts King Crypto’s Bounce To $66K If This Condition Holds – Emeren Group (NYSE:SOL)

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Recent News

XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?

XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?

April 23, 2025
Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors

Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors

April 23, 2025

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFI
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • Xrp

Follow us

Recommended

  • XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?
  • Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors
  • XRP Tops Weekly Crypto Inflows Despite Market Volatility – The Crypto Times
  • XRP Price Could Soar to $2.4 as Investors Eye Two Crucial Dates
  • XRP Eyes $2.35 Breakout, But $1.80 Breakdown Threatens Bearish Shift – TronWeekly

© 2023 Modern Crypto News | All Rights Reserved

No Result
View All Result
  • Crypto
  • NFTs & Metaverse
  • DeFi

© 2023 Modern Crypto News | All Rights Reserved