CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,619.00
  • ethereum
    ETH$1,627.26
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » XRP » Ripple Bulls Stall Above $0.25, Up Against an Important Resistance (XRP Price Analysis)

    Ripple Bulls Stall Above $0.25, Up Against an Important Resistance (XRP Price Analysis)

    Author: Yaz Sheikh

    Last Updated Oct 13, 2020 @ 14:10

    XRP continues to struggle with the resistance at around $0.261. Against Bitcoin, it fell over the past week but rebounded from the support at 2200 SAT yesterday.

    XRP/USD – Bulls Attempting To Breakout From Consolidation Pattern

    Key Support Levels: $0.25, $0.244, $0.24.
    Key Resistance Levels: $0.261, $0.271, $0.28.

    At the start of October, XRP bounced from the lower boundary of a short term symmetrical triangle pattern at around $0.23. From there, the buyers pushed higher but initially struggled with the resistance at $0.251 (bearish .382 Fib).

    This aforementioned resistance fell over the past week as the bulls continued to break above the triangle today. Although the coin is above the triangle, it still faces strong resistance at $0.261 (bearish .5 Fib) and must penetrate it to turn bullish and head back to the September highs.

    xrpusd-oct13
    XRP/USD Daily Chart. Source: TradingView

    XRP-USD Short Term Price Prediction

    Looking ahead, if the bulls can break $0.261, resistance lies at $0.271 (bearish .618 Fib), $0.28 (1.414 Fib Extension), and $0.286 (bearish .786 Fib).

    On the other side, the first level of support lies at $0.25. Beneath this, added support is found at $0.244 (100-days EMA), $0.24, and $0.236 (200-days EMA).

    The RSI still has room to continue higher before being overbought which indicates the buyers are still not exhausted. However, the Stochastic RSI is already overbought and is primed for a bearish crossover signal.

    XRP/BTC – Bulls Defend 2200 SAT Support Again

    Key Support Levels: 2200 SAT, 2170 SAT, 2140 SAT.
    Key Resistance Levels: 2250 SAT, 2300 SAT, 2350 SAT.

    XRP struggled against Bitcoin over the past week. The coin fell from above 2300 SAT and continued to drop until support was found at 2200 SAT yesterday. Luckily, the bulls have rebounded from this support as they attempt to push past 2250 SAT today.

    For XRP/USD to head back to the $0.3 level, XRP will need to reverse against Bitcoin itself. XRP/BTC will remain neutral until a closing candle appears above the 2400 SAT (200-days EMA) level – at which point, the market would turn bullish.

    xrpbtc-oct13
    XRP/BTC Daily Chart. Source: TradingView

    XRP-BTC Short Term Price Prediction

    Looking ahead, once the buyers break 2250 SAT, resistance lies at 2300 SAT (bearish .382 Fib & 100-days EMA), 2350 SAT (bearish .5 Fib), and 2400 SAT (200-days EMA).

    On the other side, the first level of support lies at 2200 SAT. Beneath this, support is located at 2170 SAT, 2140 SAT, and 2111 SAT.

    The Stochastic RSI is near oversold conditions and is primed for a bullish crossover signal that could put an end to the current downward pressure.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Ripple (XRP) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Yaz Sheikh
    More posts by this author

    Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

  • bitcoin
    BTC$22,619.00
  • ethereum
    ETH$1,627.26
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions

    What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!