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$29,841.00
  • ethereum
    ETH$1,948.83
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    Home » XRP » Ripple Price Analysis: Bulls Take a Breather After XRP Touched $2

    Ripple Price Analysis: Bulls Take a Breather After XRP Touched $2

    Author: Yaz Sheikh

    Last Updated Apr 15, 2021 @ 11:19

    XRP might be down 9% over the past 24 hours, but the coin is still up by a whopping 87% over the past week. Against Bitcoin, XRP spiked above 3000 SAT yesterday but has dropped slightly to 2743 SAT.

    XRP/USD – XRP Continues To Set Multi-Year Highs

    Key Support Levels: $1.63, $1.50, $1.41.
    Key Resistance Levels: $1.77, $1.98, $2.10.

    XRP surged by a whopping 87% over the past week as the coin currently sits at around $1.7. The cryptocurrency was trading at $1.00 just six days ago but has since shot up higher to break resistance at $1.25 (Feb 2018 highs) and reach highs not seen since January 2018.

    On Tuesday, XRP surged from $1.40 to reach as high as $1.90. It continued higher yesterday to set a new 2021 high at $1.98 before it rolled over and dropped lower to the current level. The sentiment is now overwhelmingly bullish, but the market might be a little overextended at this moment in time.

    xrpusd-apr15
    XRP/USD Daily Chart. Source: TradingView

    XRP-USD Short Term Price Prediction

    Looking ahead, the first resistance lies at $1.77 (1.272 Fib Extension). This is followed by $1.98 (2021 High), $2.00, and $2.10 (1.618 Fib Extension). Additional resistance lies at $2.20, $2.38 (1.272 Fib Extension – blue), $2.50, and $2.60 (1.414 Fib Extension – blue).

    On the other side, the first support lies at $1.63 (.236 Fib). This is followed by $1.50, $1.41 (.382 Fib), $1.24 (.5 Fib & Feb 2018 Highs), and $1.06 (.618 Fib).

    As expected, the RSI is extremely overbought and is starting to head lower. The momentum remains strong in the bulls’ favor. Still, a retracement might be necessary to provide breathing room for the bulls to recover from any potential exhaustion before pushing higher again.

    XRP/BTC – Bulls Reach 3000 SAT For First Time Since December 2020

    Key Support Levels: 2450 SAT, 2450 SAT, 2225 SAT.
    Key Resistance Levels: 2877 SAT, 3058 SAT, 3200 SAT.

    XRP is also looking bullish in April against BTC after breaking above an ascending triangle at the start of the month to surge higher. Initially, it found resistance at 1900 SAT (July 20 lows), but this resistance was broken last week as XRP continued to push higher.

    This week, XRP managed to break resistance at 2450 SAT (bearish .5 Fib) on Tuesday to reach as high as 3058 SAT yesterday for the first time since December 2020. It has since dropped back beneath 3000 SAT as it trades at 2743 SAT.

    xrpbtc-apr15
    XRP/BTC Daily Chart. Source: TradingView

    XRP-BTC Short Term Price Prediction

    Looking ahead, the first support lies at 2540 SAT (.236 Fib). This is followed by 2450 SAT, 2225 SAT (.382 Fib), 2000 SAT (.5 Fib), and 1900 SAT (July 20 lows).

    On the other side, the first resistance lies at 2877 SAT (bearish .618 Fib). This is followed by 3058 SAT (2021 Highs), 3200 SAT, 3363 SAT (Feb 2020 highs), and 3485 SAT (bearish .786 Fib).

    Likewise, the RSI is extremely overbought and recently produced a hidden bearish divergence signal. The bullish momentum is now fading as the market provides some recovery space for the bulls before they begin another push higher.

    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$29,841.00
  • ethereum
    ETH$1,948.83
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    What is Balancer Protocol? Everything You Need to Know

    What is Balancer Protocol? Everything You Need to Know

    Coinbase Wallet For Beginners: The Complete Guide

    Coinbase Wallet For Beginners: The Complete Guide

    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!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    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!