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$22,801.00
  • ethereum
    ETH$1,565.60
    • 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 » Crypto News » Ripple Price Analysis June.13: XRP Breaks Above $0.40 Facing Critical Resistance

    Ripple Price Analysis June.13: XRP Breaks Above $0.40 Facing Critical Resistance

    Author: Yaz Sheikh

    Last Updated Dec 18, 2019 @ 14:20

    Ripple (XRP) has seen a small price increase of around 1.12% over the past 24 hours, allowing the price to break back above the $0.40 level. However, the coin has now reached the resistance at the upper boundary of a symmetrical triangle pattern and looks like it may struggle to get above.

    It remains ranked in 3rd place amongst the top cryptocurrencies as it currently holds a $17.06 billion market cap. XRP has now seen a promising bullish increase of 25% over the past 30 days which suggests we may see more bullish action on the horizon.

    Looking at the XRP/USD 4-HR Chart:

    • Since our last XRP/USD analysis, we can see that XRP has rebounded from our previously highlighted support at $0.3790 and has continued higher above $0.40. However, XRP/USD is now trading at the upper boundary of a consolidation pattern.
    • From above: If the bulls can push the market above the upper boundary, we can expect immediate higher resistance above to be located at $0.42 and $0.4380. Above this, further resistance is then located at $0.46 – the June 2019 high. If the bulls continue above $0.46, resistance lies at $0.48 and $0.50.
    • From below: The nearest level of support now lies at $0.3906. Beneath this, further support lies at the lower boundary of the triangle. If the sellers break beneath, support is then located at $0.3790, $0.3610 and $0.35.
    • The trading volume remains pretty lackluster and below the average.
    • The Stochastic RSI is in overbought conditions on the 4HR chart which suggests that XRP may break beneath the triangle.

    xrpusd_jun13-min

    Looking at the XRP/BTC 1-Day Chart:

    • Against Bitcoin, We can see that XRP has been struggling to hold grounds above 5000 SAT as it currently trades at around 4934 SAT.
    • From above: The nearest level of resistance lies at 5000 SAT. Above this, higher resistance is located at 5300 SAT, 5580 SAT and 6000 SAT. If the buyers push XRP/BTC above 6000 SAT, higher resistance is located at 6135 SAT, 6200 SAT, and 6500 SAT.
    • From below: The nearest level of support now lies at 4900 SAT. Beneath this, we can expect lower support at 4630 SAT, 4500 SAT, and 4350 SAT.
    • The trading volume in XRP/BTC remains about average.
    • The Stochastic RSI has recently dropped to extreme oversold conditions on the daily chart which suggests that a bullish rebound above 5000 SAT is imminent.

    xrpbtc_jun13-min

    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$22,801.00
  • ethereum
    ETH$1,565.60
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    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)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    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!