Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply

Ripple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar. The price is facing many hurdles and it is now well below the 100 simple moving average (4-hours). There was a break below a crucial bullish trend line with support near $0.2440 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The…

Ripple (XRP) Price Turns Red: Indicators Suggest Upsides Likely To Remain Capped

Ripple is down 5% and it broke the key $0.2380 support zone against the US Dollar. XRP price is currently consolidating losses and upsides are likely to remain capped. Ripple started a major decline below the $0.2440 and $0.2380 support levels against the US dollar. The price is down 5% and it is now trading well below the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $0.2335 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could face…

Ripple (XRP) Price Indicators Show Vulnerability To A Sharp Decline

Ripple is facing an uphill task near the $0.2500 resistance against the US Dollar. XRP price could nosedive if it struggles to clear the main $0.2500 barrier. Ripple is currently consolidating above the $0.2425 and $0.2380 levels against the US dollar. The price is facing a strong resistance near the $0.2500 level and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $0.2505 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily below the $0.2425…

Ripple (XRP) Above 100 SMA Signals Fresh Increase: The Big Picture

Ripple is slowly moving into a positive zone above the $0.2480 support zone against the US Dollar. XRP price is likely to accelerate higher as long as it is above the 100 SMA (H4). Ripple is trading in a positive zone above the $0.2480 support against the US dollar. The price is facing hurdles near $0.2580 and it is well above the 100 simple moving average (4-hours). There is a key expanding triangle forming with resistance near $0.2600 on the 4-hours chart of the XRP/USD pair (data source from Kraken).…

Technicals Point Towards Ripple (XRP) Increase To $0.27 Despite Some Roadblocks

Ripple is gaining pace above the $0.2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0.2700 resistance level as long as it is above $0.2400. Ripple is showing positive signs above the $0.2450 and $0.2500 levels against the US dollar. The price traded to a new weekly high at $0.2580 and it settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $0.2460 on the hourly chart of the XRP/USD pair (data…

Ripple CEO criticizes India’s looming crypto ban

Indian government officials are reportedly planning to discuss a new bill whose legal framework would ban cryptocurrencies on the subcontinent.  According to a Sept. 15 report from Bloomberg, the Indian federal cabinet is considering a law banning crypto six months after courts lifted a blanket ban. Anonymous sources claimed that the Indian government would encourage the development of blockchain technology, but not cryptocurrency trading. In response, Ripple CEO Brad Garlinghouse called the decision “disappointing,” stating that cryptocurrency had the potential to help underserved populations in the country: Disappointing to see…

Key Reasons Why Ripple (XRP) Price Could Surge Past $0.25

Ripple is recovering above the $0.2450 resistance against the US Dollar. The current technical structure suggests XRP price is likely to surge above $0.2500 and $0.2550. Ripple is slowly gaining bullish momentum above the $0.2450 resistance against the US dollar. The price is trading near the $0.2500 resistance, but it is above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate higher if it clears…

Ripple (XRP) Above This Confluence Resistance Could Spark Fresh Rally

Ripple retested the $0.2380 support zone against the US Dollar. XRP price is likely to start a fresh rally once it clears the 100 hourly SMA and the $0.2460 resistance region. Ripple is recovering higher after tagging the key $0.2380 support zone against the US dollar. The price is trading near the $0.2420 resistance and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must…

Ripple (XRP) Could Avoid Another Setback if it Stays Above 100 SMA

Ripple failed to clear the $0.2500 resistance and corrected lower against the US Dollar. XRP price must stay above $0.2380 and the 100 hourly SMA to start a fresh increase. Ripple is down 3% and it retreated lower from the $0.2485 high against the US dollar. The price is trading near the $0.2380 support and the 100 hourly simple moving average. There was a break below a major rising channel with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay…

Ripple (XRP) Just Saw A Key Technical Breakout: Relief Rally Underway

Ripple started a steady recovery wave, following bitcoin’s upward move and ethereum’s rally against the US Dollar. XRP price is likely to revisit $0.2575 or $0.2620 in the near term. Ripple is up 4% and it is trading above the $0.2350 and $0.2440 resistance levels against the US dollar. The price is showing positive signs above the $0.2450 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source…