Subscribe
March 18, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Bitcoin Enhances Financial Inclusion for the Unbanked How Bitcoin Addresses Are Securely Generated Offline Understanding Bitcoin Dust Attacks: Deanonymizing Users Explained Understanding Multisig: Securing Bitcoin with Multiple Signatures Bitcoin’s Historic First Transaction: 10,000 BTC for Pizzas

Ripple Price Analysis: XRP Buyers Target Fresh Weekly Highs

Ripple price analysis: xrp buyers target fresh weekly highs

Ripple Price Analysis: XRP Buyers Target Fresh Weekly Highs

  • Ripple price tested the $0.3050 support level and later bounced back above $0.3120 against the US dollar.
  • There was a break above a major bearish trend line with resistance at $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently placed nicely above $0.3160, but it must break the $0.3220 resistance for more gains.

Ripple price started a decent recovery against the US Dollar and BTC. XRP/USD is now facing a major hurdle near $0.3220 and the 100 hourly simple moving average.

Ripple Price Analysis

Recently, there was a sharp downside reaction below the $0.3100 support level in ripple price against the US Dollar. The XRP/USD pair declined below the $0.3080 support and tested the $0.3050 area. A new weekly low was formed at $0.3047 and later the price bounced back nicely. It climbed above the $0.3080, $0.3100 and $0.3130 resistance levels to move into a positive zone. There was even a break above the 76.4% Fib retracement level of the last drop from the $0.3217 high to $0.3047 low.

Moreover, there was a break above a major bearish trend line with resistance at $0.3160 on the hourly chart of the XRP/USD pair. The pair retested the $0.3217 swing high and the 100 hourly simple moving average. However, there was no break above the $0.3220 resistance and the price is currently consolidating below the 100 hourly SMA. It seems like there could be a short term correction towards the $0.3160 or $0.3140 support levels. Later, the price may bounce back and attempt to surpass the $0.3220 barrier. The next stop for buyers could be near the $0.3320 level. It represents the 1.618 Fib extension level of the last drop from the $0.3217 high to $0.3047 low.

Ripple price analysis xrp chart

Looking at the chart, ripple price is slowly moving into a positive zone above $0.3180. However, a clear break above the $0.3220 barrier is must for more gains in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slowly moving into the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.

Major Support Level – $0.3140

Major Resistance Level – $0.3220

Published at Wed, 23 Jan 2019 05:00:00 +0000

Previous Article

Bitcoin plan for these week.

 Next Article

Bitcoin near oversold

You might be interested in …

Altcoins are Going SegWit for Price Boost of a Lifetime

Little-known altcoin DigiByte is following Litecoin and Syscoin in making investors rich with impending SegWit activation.

DigiByte Celebrates Countdown To Ultimate Pump

Metrics highlighted by developers Saturday show the proportion of DigiByte miner support at 72.48% – inching past the 70% activation threshold.

“6 more days to go till activation at this rate! Happy Easter everyone!” a Twitter post added.

//platform.twitter.com/widgets.js

Despite having barely made a name for itself prior to the announcement, DigiByte is currently 63rd in CoinMarketCap’s cryptocurrency listings, its price increasing 15% in the 24 hours to press time Sunday and having more than doubled since the beginning of April.

digibyte

SegWit Spinning Gold Across The Board

The events continue an increasingly familiar pattern of behavior among altcoins. Both Litecoin and Syscoin have already benefitted from elevated interest, trading and publicity from SegWit activation ‘likelihood,’ with traders rejoicing after extended periods of flat prices.

Litecoin is currently trading at $10.76 per token, maintaining highs not seen since 2014 and dwarfing the many months it spent dormant at just under $4.

SysCoin’s story is almost identical. Having staged a modest increase in April 2016 following a 50% supply cut, prices remained at around $0.01 per token until SegWit activation announcements saw them treble to $0.03.

Reactions to the altcoin phenomenon have been mixed. While SegWit potentially provides a convenient method for get-rich-quick schemes, reflecting on bitcoin’s battle with the technology’s activation, BitFury CEO George Kikvazde was rueful.

“One can only imagine at what price level bitcoin would be now, if a sound, well-tested tech like segwit had been activated,” he mused last week as Litecoin’s success edged closer.

bitcoin & SegWit Still Unholy Matrimony

In further bitcoin news, major Chinese mining pool F2pool said on Friday in accordance with its poll results it would be implementing SegWit on both Litecoin and bitcoin “soon.”

//platform.twitter.com/widgets.js

The decision comes despite lead figure Wang Chun’s frequent criticism of bitcoin Core and preference for a user-activated soft fork (UASF).

Following the SegWit statement, Chun likened Core to Chairman Mao, with users similar to the Red Guard.

What do you think about altcoins and SegWit activation? Let us know in the comments below!

Images courtesy of Twitter, Segwit.co, Shutterstock 

The post Altcoins are Going SegWit for Price Boost of a Lifetime appeared first on Bitcoinist.com.

Close Menu