CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$49,042.00
  • ethereum
    ETH$1,525.31
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Ripple Price Analysis: XRP Joins The Party With Over 40%, The Reversal?

    Ripple Price Analysis: XRP Joins The Party With Over 40%, The Reversal?

    Author: Yaz Sheikh

    Last Updated Dec 18, 2019 @ 14:37

    Ripple has seen a significant price increase over the past seven days, which total over 43% dollar-wise, bringing the price for the cryptocurrency up to the $0.43 price area.

    The remarkable recent growth has now pushed Ripple out of its previous stagnant price movement and into a bullish setting after creating a fresh 2019 price high.

    Ripple is ranked in the 3rd place amongst the top cryptocurrency coins by market cap value as it presently holds an $18.16 billion market cap.

    Looking at the XRP/USD 1-Day Chart:

    • Against the US Dollar, we can see the stationary sideways movement that XRP/USD was trading between January 2019 and May 2019. However, the recent price surge marked a break-up above the 100-day moving average and head significantly higher to where it is currently trading at resistance around $0.43.
    • From above: The closest resistance lies at $0.44 and then $0.46, along with a long term bearish .618 Fibonacci Retracement level. Further resistance lies at $0.48, $0.50, and $0.5384.
    • From below: Initial support lies at $0.42 and $0.40. Beneath $0.40, further support lies at $0.3943, $0.38, $0.3615 and $0.35.
    • The trading volume has seen a significant increase over the past two days during following the recent surge.
    • The RSI has now reached the overbought territory, which could indicate that the bulls may be exhausted at this moment and a healthy correction might be coming soon.

    xrp-usd-may15-min

    Looking at the XRP/BTC 1-Day Chart:

    • Against Bitcoin, we can see XRP/BTC had continued to fall further lower until finding long-term support around the 4000 SAT price level. This price level had provided strong support for the market during December 2018. XRP/BTC is now trading close to the 5300 SAT resistance mark.
    • From above: The nearest level of resistance lies at 5570 SAT and 6000 SAT. Further resistance lies at 6211 SAT, 6578 SAT, 6728 SAT (also the 100-day moving average line) and 7000 SAT.
    • From below: The nearest level of support lies at 5000 SAT. Beneath lie 4500 SAT, 4377 SAT and 4000 SAT support levels.
    • The RSI has recently managed to penetrate above the 50 levels for the first time since late February 2019, which is a strong bullish signal. Furthermore, the Stochastic RSI has recently initiated a crossover signal in the oversold territory, which is a robust bullish signal.

    xrp-btc-may15-min

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.


    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.
    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    Read more on: Ripple (XRP) Price

    About The Author

    Yaz Sheikh View 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$49,042.00
  • ethereum
    ETH$1,525.31
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    pionexb
    2local
    Bitcoin Editorials
    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    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

    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!