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$22,902.00
  • ethereum
    ETH$1,655.16
    • 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: XRP Slips Further Away From $0.19 As Bears Get More Comfortable

    Ripple Price Analysis: XRP Slips Further Away From $0.19 As Bears Get More Comfortable

    Author: Yaz Sheikh

    Last Updated Apr 14, 2020 @ 12:32
    • XRP saw a small 1% decline as it dropped into the $0.185 level.
    • The cryptocurrency has now broken beneath a rising trend line as it looks to head lower.
    • Against Bitcoin, XRP failed to close above the 100-days EMA and has fallen 2710 SAT.

    Key Support & Resistance Levels

    XRP/USD:
    Support: $0.182, $0.171, $0.16.
    Resistance: $0.191, $0.2, $0.215.
    XRP/BTC:
    Support: 2710 SAT, 2680 SAT, 2620 SAT.
    Resistance: 2750 SAT, 2800 SAT, 2850 SAT.

    XRP/USD: Ripple Drops Beneath The Rising Trend Line

    XRP had rolled over from the $0.2 resistance last week, causing the cryptocurrency to initially drop into support at a rising trend line. The cryptocurrency broke beneath this rising trend line support today as it reaches $0.185.

    XRP is now in a predicament as it enters bearish territory beneath the trend line. If Bitcoin continues to fall and XRP closes beneath $0.18 today, it is likely that XRP will head lower toward $0.16.

    xrpusd-apr14
    XRP/USD. Source: TradingView

    XRP/USD Short Term Price Prediction

    If the sellers push lower, the first level of support lies at $0.182. Beneath this, support lies at $0.171, $0.165 (.382 Fib Retracement), and $0.152 (.5 Fib Retracement).

    On the other side, the first level of resistance lies at $0.191 (bearish .618 Fib Retracement). Above this, resistance lies at $0.2, $0.21 (100-days EMA), and $0.235 (200-days EMA).

    The RSI has now marginally slipped beneath the 50 level to indicate the sellers have taken control of the market momentum. If it continues to fall further beneath here, the selling pressure will increase, which would cause XRP to head beneath $0.17.

    XRP/BTC: Ripple Fails To Close Above 100-days EMA.

    Against Bitcoin, XRP had attempted to break above the 100-days EMA as it reached a high above 2800 SAT. However, it failed to close above the 100-days EMA at 2750 SAT over the past 4-days of trading.

    In today’s trading session, XRP dropped lower to find the support at 2710 SAT, where it currently trades.

    xrpbtc-apr14
    XRP/BTC. Source: TradingView

    XRP/BTC Short Term Price Prediction

    If the sellers push beneath 2710 SAT, the first level of support lies at 2680 SAT (.382 Fib Retracement). Beneath this, support lies at 2650 SAT, 2620 SAT (.5 Fib Retracement), and 2600 SAT.

    On the other hand, if the buyers rebound from here, resistance is expected at 2750 SAT (100-days EMA). Above this, resistance lies at 2800 SAT, 2850 SAT, and 2900 SAT.

    The RSI is approaching the 50 level as the bullish market momentum starts to fade. A break beneath 50 would indicate that the sellers have taken control. Furthermore, the Stochastic RSI is primed for a bearish crossover signal that is another bearish signal.

    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$22,902.00
  • ethereum
    ETH$1,655.16
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    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)

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

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