CryptoSignals News
Join our Telegram

XRP Falls to a Low of $0.56 as the Current Surge Is Speculative

XRP Falls to a Low of $0.56 as the Current Surge Is Speculative


XRP (XRP) Long-Term Analysis: Bearish
The price of XRP (XRP) has fallen to a low of $0.56 after two rejections from highs of $0.74 and $0.75. The altcoin was rejected during the rise of November 6. The upward trend could not be maintained by buyers above the resistance level of $0.74. XRP was rejected at a high of $0.73. On November 13, the coin’s price peaked at $0.75 before plummeting drastically above $0.64. The coin’s future upward trend is speculative.

At the time of writing, XRP/USD has plummeted to a low of $0.60. On the downside, the bears have broken through the 21-day simple moving average support. This suggests that bearish momentum will continue until the low above the 50-day SMA. This suggests a slide to a low of $0.56. Price turmoil will commence if the 50-day SMA support holds.

XRP Falls to a Low of $0.56 as the Current Surge Is Speculative
XRP/USD – Daily Chart

Technical Indicators:
Major Resistance Levels – $1.00, $1.50, $2.00
Major Support Levels – $0.50, $0.30, $0.10

XRP (XRP) Indicator Analysis
The altcoin’s price has begun to fall as it falls below the 21-day SMA. The coin is now trading above the 50-day simple moving average but below the 21-day simple moving average. The drop will extend to the 50-day SMA’s support. If the 50-day SMA support holds, the sideways movement will begin. If the bears violate the support level of the 50-day SMA, the selling pressure will continue.

What Is the Next Direction for XRP (XRP)?
The cryptocurrency asset will continue to fall until it reaches a low of $0.56. The decrease is currently caught between the moving average lines. The coin’s future trend will be determined by the price breaking through the moving average lines.

XRP Falls to a Low of $0.56 as the Current Surge Is Speculative
XRP/USD – 4 Hour Chart

You can purchase crypto coins here. Buy LBLOCK

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Recent News

December 25, 2022

Chainlink Retests Key Support at $5.77 as It Bounces Upward

Chainlink (LINK) Long-Term Analysis: BearishThe price of Chainlink (LINK)  has descended beneath the moving average lines as it bounces upward. The cryptocurrency asset is once again at the $5.77 level that serves as its current support. Since November 9, Chainlink has been trading in a range betwe...
Read More
September 16, 2021

Uniswap (UNI/USD) Market Strives, Making an Upswing

Uniswap Price Prediction – September 16The UNI/USD market now strives, making an upswing after witnessing a notable drawdown during the recent operations. The crypto’s percentage rate is about a negative 3.30 as the price currently trades around the $26 level. At this point, it appears that the mar...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram