• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Ripple

Ripple Price Analysis: XRP tests $0.60 support again, breakthrough today? | Cryptopolitan – Cryptopolitan

Admin by Admin
July 16, 2021
in Ripple
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • XRP moved lower yesterday.
  • Support around $0.58-$0.60 tested again overnight.
  • Ripple spiked higher earlier today. 

Ripple price analysis indicates bearish momentum today as the market continued to drop yesterday and saw a quick spike higher this morning. Therefore, another lower high has been set, and we can expect XRP/USD to break below the $0.58-$0.60 support area over the next 24 hours.

Related articles

Ripple Recognized as One of America’s Fastest-Growing Private Companies – U.Today

August 16, 2022

Ripple to Power Remittances Between Japan and Thailand via New Partnership – U.Today

August 16, 2022
Ripple Price Analysis: XRP tests $0.60 support again, breakthrough today? 1
Cryptocurrency heat map. Source: Coin360

The cryptocurrency market trades with slightly bearish results over the last 24 hours. Bitcoin and Ethereum have lost around 2.1 percent, while Binance Coin (BNB) is among the best performers, with a gain of around 3.2 percent.

Ripple price movement in the last 24 hours: Ripple sets another lower high

XRP/USD traded in a range of $0.5891 – $0.6168, indicating mild volatility. Trading volume has increased by 15.66 percent and totals $2 billion. Meanwhile, the total market capitalization stands around $27.8 billion, ranking cryptocurrency in 6th place overall.

XRP/USD 4-hour chart: ready to break below $0.58?

On the 4-hour chart, we can see the Ripple price spiking higher over the past hours to prepare for another push lower.

Ripple Price Analysis: XRP tests $0.60 support again, breakthrough today?
XRP/USD 4-hour chart. Source: TradingView

The overall Ripple price action structure trades with a strong bearish momentum over the past weeks. After a new medium-term high was set around $0.74, XRP/USD failed to set another higher high, and the market started to retrace.

The first major push to the downside was seen on the 9th of July, with the $0.58-$0.60 support area preventing further downside. What followed was a retracement to $0.65 to retest the previous support as a resistance.

From the $0.65 resistance, XRP/USD moved lower again over the past days until the $0.58-$0.60 support area was reached again. From there, we saw the support area retested for the second time overnight, after which the Ripple price rallied and established a lower high over the last hours.

The rally earlier today set another slightly lower high, which should lead XRP/USD towards a lot more downside later today. This Ripple price action development indicates that we will see a break below the support area and further downside over the weekend, with the $0.50 mark targeted next.

Ripple Price Analysis: Conclusion 

Ripple price analysis is bearish for the next 24 hours as another local lower high was set along the 50 period moving average redline, and the market starts to push lower again. Therefore, we expect XRP/USD to drop even further and finally break below the $0.58-$0.60 support area to reach the next significant support, around $0.50 over the weekend. 

While waiting for Ripple to drop further, read our guides on the advantages of DeFi, Bitcoin fees, as well as what you can buy with Bitcoin.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share76Tweet47

Related Posts

Ripple Recognized as One of America’s Fastest-Growing Private Companies – U.Today

by Admin
August 16, 2022
0

Ripple Recognized as One of America's Fastest-Growing Private Companies  U.Today

Ripple to Power Remittances Between Japan and Thailand via New Partnership – U.Today

by Admin
August 16, 2022
0

Ripple to Power Remittances Between Japan and Thailand via New Partnership  U.Today

XRP Price Prediction: No point in trading Ripple until one of these two things happen – FXStreet

by Admin
August 16, 2022
0

XRP Price Prediction: No point in trading Ripple until one of these two things happen  FXStreetRipple Price Analysis: After 2 Months...

Why all eyes are on Ripple’s XRP price this week – FXStreet

by Admin
August 15, 2022
0

Why all eyes are on Ripple’s XRP price this week  FXStreetRipple Price Analysis: After 2 Months of Sideways, Will XRP Finally...

Ripple Ex-Developer’s Remarks About XRP and Bitcoin – The Coin Republic

by Admin
August 15, 2022
0

Ripple Ex-Developer’s Remarks About XRP and Bitcoin  The Coin Republic

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022

Blockchain Use in Supply Chain Leads to Greater Benefits – The National Law Review

August 25, 2021

Market Wrap: Bitcoin’s Price Retraces Again, Breaks Below Trendline – CoinDesk

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0

Market Wrap: Bitcoin’s Price Retraces Again, Breaks Below Trendline – CoinDesk

August 16, 2022

Are Blockchain Bridges Safe? Why Bridges Are Targets of Hacks – CoinDesk

August 16, 2022

Ethereum [ETH] short-term traders can celebrate next week if… – AMBCrypto News

August 16, 2022

Coinbase Will Pause Ethereum Transactions During “The Merge” – Bitcoinist

August 16, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack