Subscribe
January 26, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Why Bitcoin Cannot Be Counterfeited: A Cryptographic View Bitcoin’s All-Time High Price and When It Happened Major Firms Periodically Embrace Bitcoin Payments How Running a Bitcoin Node Strengthens Decentralization Understanding the Lightning Network for Bitcoin Payments

Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over

Ripple price analysis: xrp rally unwinds but not likely over

Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over

Ripple price analysis: xrp rally unwinds but not likely over
  • Ripple price gained traction and broke the $0.3400 resistance area before sellers appeared against the US dollar.
  • The price topped near the $0.3460 level and later started a sharp downside correction.
  • Yesterday’s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is likely preparing for a fresh upward move as long as it is above the $0.3100 support area.

Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. XRP/USD remains supported on the downside above $0.3100 and it could bounce back soon.

Ripple Price Analysis

Yesterday, there was a solid upward move in ripple price above the $0.3200 resistance area against the US Dollar. The XRP/USD pair gained traction and broke the $0.3300 and $0.3320 resistance levels. It even broke the $0.3400 resistance and spiked above the $0.3450 level. The price topped near the $0.3460 level and later started a sharp downside correction. It declined below the $0.3320 support and the 50% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. Sellers even pushed the price below the $0.3250 support area.

However, the price found support near the $0.3160 level. The 61.8% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high also acted as a support. Moreover, yesterday’s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP/USD pair. Below the trend line, the next support is near the $0.3135 level. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. The main support is near the $0.3100 level and the 100 hourly simple moving average.

Therefore, the price is likely to find a lot of buying interest near the $0.3160, $0.3130 and $0.3100 supports. If there is a downside break below the $0.3100 support, the price might move back in a bearish zone. On the other hand, if the price stays above $0.3100, it could start a fresh upward move above $0.3300.

Looking at the chart, ripple price remains well supported above the $0.3100 level. In the short term, there could be range moves, but the price is likely to climb higher once again above $0.3300. The main resistance is near the $0.3350 level, above which there are high chances of gains above $0.3400 in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is moving higher, but it is still below the 50 level.

Major Support Level – $0.3100

Major Resistance Level – $0.3350

Published at Wed, 20 Feb 2019 05:01:05 +0000

Previous Article

The best is yet to come! – Ramses Villela – Medium

 Next Article

The Risks & Drawbacks of the current Global Financial System

You might be interested in …

SAFE DevCon 2018: A Hive of Industry

MaidSafe SAFE DevCon 2018: A Hive of Industry What a day! We’d like to say a massive thank you to everyone who joined us — both in person and online — at SAFE DevCon 2018. It was a unique […]

Kodak Gets in on the Blockchain and ICO Picture

kodak.jpg

Kodak, the iconic photography company first established in in the 1880s, has joined the blockchain and ICO age. Today, January 9, 2018, it announced a new blockchain-based platform with WENN Digital to empower and protect image makers, photographers and artists.

The new platform, known as KodakOne, will enable users to register their work and license it with the platform. The image rights management platform will utilize the new KODAKCoin cryptocurrency to provide photographers with a new revenue stream and secure platform for protecting their work.

The smart contract associated with KODAKCoin will ensure that photographers receive payment immediately upon their work being licensed in addition to receiving a share of the overall platform revenue. The platform will also continually scan the web to monitor and protect the artist’s IP and assist them in dealing with illegal use of their work.

“For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” said Kodak CEO Jeff Clarke in a statement. “Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.”

The KODAKOne platform and KODAKCoin cryptocurrency were developed for Kodak by WENN Digital. Their ICO will begin on January 31, 2018, and is open to accredited investors from the U.S., U.K., Canada and other select countries. This ICO is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering.

The post Kodak Gets in on the Blockchain and ICO Picture appeared first on Bitcoin Magazine.

Dash ht long

DASH HT Long

DASH HT Long Dash is strong for growth Analytics: DashCoin Dashcoin is Altcoin, which was formed after the active growth of bitcoin . The cryptocurrency is based on the P2P algorithm, which creates increased reliability […]

Close Menu