This XRP Fractal Predicts Ethereum Could Soon Swing Back Above $400

Following legacy markets, Ethereum and XRP have undergone strong corrections over the past week. According to an analyst, though, the price of ETH could soon undergo a bullish recovery above $400. This comes as analysts have affirmed that ETH’s fundamentals are more bullish than ever. These fundamentals include persistent development in decentralized finance and development in scaling solutions like ETH2. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase This XRP Fractal Suggests It’s Time for an Ethereum Recovery Ethereum is primed to move back above $400 in the near…

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…

XRP Could Be Gearing Up for a “Moon Mission” as Bulls Reclaim Key Level

XRP and the aggregated altcoin market is currently caught within a consolidation phase as Bitcoin struggles to gain any decisive momentum. It does appear that these tokens are awaiting more directionality from BTC before they make any sizeable movements. This has, in turn, caused smaller altcoins to also fall into bouts of sideways trading. Although it remains unclear as to where the market may trend next, XRP’s recent technical developments indicate that any market-wide upside could allow it to enter a full-blown moon mission. One analyst explained in a recent…

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…