Michael Fasogbon

• Ripple’s XRP is set for buying but facing a lot of weak liquidation for the past three days.
• XRP is still following a long-term bearish sentiment, but it may come to an end if the bulls can reclaim $0.30 resistance.

Following the weekly short opening that led Ripple’s XRP price to $0.2025, the third most-traded cryptocurrency is now floating at $0.23 after witnessing a quick bounce on November 25. Due to this effect, XRP is now sitting on a monthly low of $0.20. However, there’s a hope for the bulls to reclaim the $0.30 resistances if the demand is increasing.

Ripple’s Current Statistics

Trading Price: $0.22

Market Capitalization: $9,883,254,063

Trading Volume: $1,287,315,557

Ripple (XRP) Price Prediction for November 29, 2019

The daily chart for Ripple’s XRP shows an extension of the mid-year bearish actions in a channel. But considering the recent positive move in the market, XRP is forming a new bullish setup that is likely to shoot the price at $0.30 resistance levels in the coming days. Although, there’s near resistance at $0.25.

Most notably, XRP has tested the lower boundary of the channel on November 29 with a pin bar candle close – which has given bring a small growth to the XRP price. As we can see, the bullish setup is quite sluggish.

Well, this could be due to low buying pressure since the price bounced off the $0.20 support. There’s a tendency for a bearish continuation if the sellers step back in the market. A massive sell-off could roll the price of XRP below the channel as potential support lies at $0.18.

Conclusively

However, XRP may see a complete reversal if the buyers can push the price above the four-month channel pattern. But considering the current price actions, XRP is still struggling to leave the bearish zone. Technically, the intraday traders are still wary of the bearishness, but for swing traders, the future seems bright for Ripple’s XRP.

Technical Indicator Reading

The RSI for Ripple’s XRP is rising back due to the recent price increase in the market. More buying pressure is likely if RSI continues to climb.

The MACD for XRP is still in the negative zone, which still shows signs of weakness in the market.

Key Resistance Levels: $0.25, $0.30

Key Support Levels: $0.20, $0.18

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

• The XRP bulls meet resistance at $0.30, but the price may bounce back at $0.27 support.
• Ripple’s XRP is now following an ascending broadening wedge formation as short-term bullish swing remains intact.

Ripple’s XRP has continued to see substantial growth following a bullish reversal on September 24. The last few days of price variations have made XRP to pullback at $0.30, although the market is still bullish in the short-term. Looking at the current price loss of -2.03%%, the third-largest cryptocurrency may continue its upward move if the $0.27 can continue to function as support.

Ripple’s Current Statistics

Trading Price: $0.281

Market Capitalization: $12,150,287,702

Trading Volume: $1,605,142,168

Key Resistance Levels: $0.29, $0.30

Key Support Levels: $0.27, $0.25

Ripple Price Prediction for October 16, 2019

On the 4-hour chart, Ripple’s XRP is following a bullish wedge formation but now pullback towards the wedge’s lower boundary. After dropping from $0.30 yesterday, the XRP price is now approaching the $0.27 support–which could provide a rebound level for the next bullish rally. Over the past three weeks now, the bearish impulsive move has been suspended.

Should the bears exhaust momentum around the mentioned support zones, a bullish continuation is expected to occur. However, we should keep an eye on the $0.29 and $0.30 before printing a new high. Nonetheless, the XRP bull are dictating the pace for now on a short-term but remains bearish on a long-term outlook

Conclusively

We should expect a quick buy once the trade reaches the wedge’s support at $0.27. And if the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunity for traders – which might cause the price to retest the August low at $0.25.

Technical Indicator Reading

The RSI for Ripple’s XRP has turned bearish after reaching the overbought zone yesterday. We can expect XRP to resume bullish in the next couple of days or even hours.

The MACD shows that the Ripple (XRP) bulls are still present but now falling near the zero level to signal a slight bearish momentum. A bullish continuation is expected if the zero level can continue to sustain bullish pressure.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Despite the current rise, the $0.25 resistance appears to be a severe level for the native cryptocurrency of Ripple, XRP, to surpass over the past 24-hours.

Ripple’s XRP is running out of momentum in the four-month descending wedge pattern. The price of Ripple’s XRP is bouncing back again following the last 24-hours price increase of 4.17%. The XRP bulls are walking into the market amidst the mid-year bearish scenario – which is still quite dominant.

Meanwhile, the September 24 shock-waves is still alive in the market as traders tend to panic because of FUD – fear uncertainty and doubt. All in all, the bulls may need to clear the $0.25 price levels before we can have an excellent buying opportunity.

Ripple (XRP)’s Current Statistics

Trading Price: $0.248

Market Capitalization: $10,688,773,015

Trading Volume: $1,415,861,153

Key Resistance Levels: $0.27, $0.28, $0.293, $0.313

Key Support Levels: $0.23, $0.22, $0.21, $0.20

Ripple Price Prediction for September 26, 2019

On the daily chart, Ripple’s XRP is reaching a tight angle on the wedge pattern that has been forming over the past months. After recording monthly high at $0.326, the price of XRP has found a new low at $0.22 – which is currently reinforcing the current price growth. While facing a tough level at $0.25, the market could spike to $0.27, $0.28, $0.293 before breaking the wedge to $0.313 resistance.

As of now, traders are yet to show a strong commitment to buying. Should the buyers turn weak now, we can expect the market to roll back at the $0.23 and $0.22 support zone. The $0.21 and $0.20 level may further produce support for the market if breach beneath the support zones fails to contain next bear rally. Whichever way, the XRP/USD pair continues to remain in a downward range.

Conclusively

Considering the latest price variations, the volume is trooping into the market as possible climb may play out if the demand keeps increasing. Should such a scenario occurs, Ripple’s XRP could break away from the falling wedge pattern sooner or later.

Technical Indicator Reading

RSI for Ripple’s XRP has sharply dropped back to the bear zone as a result of the recent massive sell in the market.

MACD is swinging back in the negative zone after witnessing a slight cross above the zero level. We may further see a bullish momentum if the oscillator turns positive.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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• Ripple (XRP) is attempting to retrace back to the break level, but the buyers’ commitment is still low.
• XRP is still looking bearish, although the RSI indicator has just signaled a bullish move.

After witnessing a massive drop during yesterday’s trading, Ripple (XRP) is now trading beneath the $0.25 price level which has held the market since mid-August. Following the latest price action, XRP trading is currently pinned on new support at $0.23 level. The XRP/USD pair has recovered a bit but is still down by -6.13%; suggesting that the sellers are still much dominant in the market. We can expect more price drop in the next few days.

Ripple (XRP)’s Current Statistics

Trading Price: $0.245

Market Capitalization: $10,605,409,219

Trading Volume: $2,482,904,725

Key Resistance Levels: $0.25, $0.26

Key Support Levels: $0.23, $0.22

Ripple Price Prediction for September 25, 2019

On the 4-hour chart, XRP is looking for a retracement level at the $0.25 – $0.26 support areas that hugely got broken. The bearish trend now becomes more significant following the latest price action. Ripple’s XRP is more likely to meet rejection after testing the above supports, where the wedge’s lower boundary lies.

If the market eventually resumes sell-off now, the market will find immediate support at $0.23 and $0.22 – the currently monthly low before we can consider a further dip. However, the XRP/USD pair has continued to erode bearishly on the daily time frame. A bullish rally will only confirm if the market can climb significantly back above the $0.30.

Conclusively

Having slumped beneath the $0.25, Ripple’s XRP will continue to show weakness in price and fall at support until the market can find a stable level to reinforce bullish run. For now, a new low is yet to be ascertained as the bears remain dominant and active over the past days. We may need to wait for the sellers to exhaust momentum before longing. However, shorting XRP might be the best position for now.

Technical Indicator Reading

RSI has produced a bullish crossover signal, and as we can see, Ripple (XRP) is breaking up the diagonal resistance line (yellow) to show that the market is buying at the moment.

MACD moving averages are still swinging in the negative zone to reveal that the bearish trend is still intact. We can expect a definite buy if the market climbs above the zero level.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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• The price of Ripple’s XRP tumbled sharply to a new support level after witnessing a sudden bearish surge.
• The XRP/USD pair has plunged beneath the descending wedge pattern – indicating a major bearish correction in the market.

Over the past six days now, Ripple’s XRP price has continued to meltdown steadily and has now rolled over to a new monthly low at $0.22 after seeing a massive shockwave that hit the market just a few hours ago.

The bearish scenario is eroding against the Bitcoin pair. In overall, the price of native Ripple cryptocurrency has currently lost -11.47%, causing the bear to dominate the market. Still, XRP remains the 3rd most-traded cryptocurrency behind Ethereum and Bitcoin that have similarly witnessed a massive sell-off.

Ripple (XRP)’s Current Statistics

Trading Price: $0.24

Market Capitalization: $10,359,437,106

Trading Volume: $2,154,747,117

Key Resistance Levels: $0.25, $0.26

Key Support Levels: $0.22, $0.20

Ripple Price Prediction September 24, 2019

Zooming into the 2-hour chart, Ripple’s XRP had slump beneath the descending wedge pattern over the past three hours. Currently, the price is testing the $0.24 zone following the recent sharp drop. However, the market is likely to bounce higher to $0.025 and $0.26 resistance levels, where the wedge’s lower boundary lies before the next rally resurfaces.

If the XRP/USD pair drives lower, the price may slip to at $0.22. However, the $0.20 may further act as support if the supply becomes heavier. As we can see from the chart, the volume is quite impressive over the past seven days – reflecting the significant trading activity. Nevertheless, Ripple’s XRP is eroding bearishly on a long-term perspective.

Conclusively

Ripple (XRP) may face severe price drops in the coming days if the $0.20 support fails to suppress the ongoing selling pressure in the market. But if the previously mentioned support can hold well, we should expect a sharp rebound towards the $0.30 – which could lead to a bullish reversal formation.

Technical Indicator Reading

The RSI had been trending in a downward direction since the trend reversed at the overbought area, although Ripple’s XRP is now in the oversold zone.

The MACD has swung back in the negative zone following the past few hours of severe drops – suggesting a bearish action in the market.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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• Ripple (XRP) broke out of the five days descending wedge pattern with a 2.59% price increase.
• The XRP/USD pair may visit previous resistance if the bulls continue to power the momentum.

Ripple’s XRP is now showing strength after meeting the $0.28, and $0.27 supports we predicted in our previous Ripple’s XRP analysis. The price of XRP is now up by +2.59% as the cryptocurrency appeared to be witnessing an intense buying pressure in the last 3-hours of trading. As the bulls step back in the market, we can expect significant price growth in the next few days.

Ripple’s Current Statistics

Trading Price: $0.285

Market Capitalization: $12,292,600,487

Trading Volume: $1,301,984,031

Key Resistance Levels: $0.30, $0.31, $0.32

Key Support Levels: $0.28, $0.27, $26

Ripple Price Prediction for September 23, 2019

Ripple’s (XRP) has seen a five-day decent retracement move with a descending wedge pattern which is now broken to the upside after creating support at the $0.266. Following the recent bullish breakout, the price is likely to surge at $0.30, $0.31 and $0.32 resistance.

However, the market is likely to retest the $0.28 and $0.27 support before we can validate a proper bullish momentum. The $0.26 support may further suppress selling pressure. From a technical standpoint, the XRP/USD pair is rising back with a more price increase is likely to play out.

Conclusively

Following the last 3-hours surge in volatility that led to a significant rise in the market along with a wedge break-up, we can expect the price of Ripple’s XRP to swing higher until the market turns weak. Nevertheless, we may see a slight drop to previous support before continuing a bull-run.

Technical Indicator Reading

RSI for Ripple’s XRP is now testing the upper band, which seems sturdy for the short-term bull to overcome. A cross to the overbought area may bring more rises in the market.

MACD is attempting to climb above the zero level, although the native cryptocurrency of Ripple is still struggling in the negative zone. A crossover should confirm a robust bullish move for the market.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.