Subscribe
April 25, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Bitcoin Market Cap Surpasses $1 Trillion at Its Peak How Bitcoin’s Security Depends on SHA-256 Cryptography How to Earn Bitcoin: Mining, Working, and Selling Explained How Bitcoin Transactions Are Verified by Miners’ Puzzles Bitcoin Fees: Sustaining Miner Incentives Post-Block Rewards

Ripple (XRP) Price Testing Key Support: More Range Moves Likely

Ripple (xrp) price testing key support: more range moves likely

Ripple (XRP) Price Testing Key Support: More Range Moves Likely

Ripple (xrp) price testing key support: more range moves likely
  • Ripple price struggled to break the $0.4080 and $0.4085 resistance levels against the US dollar.
  • The price declined recently and traded below the $0.4000, $0.3950 and $0.3840 support levels.
  • This week’s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is now trading near a major support area close to the $0.3650 and $0.3620 levels.

Ripple price moved lower within a range against the US Dollar and bitcoin. XRP is currently holding the key $0.3620 support and it is likely to climb higher towards $0.3950 or $0.4000.

Ripple Price Analysis

Recently, ripple price climbed steadily above $0.3950 and $0.4000 against the US Dollar. The XRP/USD pair even traded above the $0.4050 level and the 100 hourly simple moving average. However, the pair struggled to break the $0.4080 and $0.4085 resistance levels. As a result, there was a bearish reaction and the price declined below the $0.4050 and $0.4000 support levels. Besides, there was a clear break below the $0.3950 support and the 100 hourly SMA.

More importantly, this week’s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP/USD pair. The pair declined below $0.3800 and tested the $0.3650 level. A swing low is formed at $0.3653 and the price is currently consolidating losses. An initial resistance is near the $0.3760 level and the 23.6% Fib retracement level of the downward move from the $0.4138 high to $0.3653 low. On the upside, the main resistance is near the $0.3900 and $0.3950 levels.

The 100 hourly SMA is close to the $0.3950 level to act as a key hurdle. An intermediate resistance is the 50% Fib retracement level of the downward move from the $0.4138 high to $0.3653 low. On the downside, there are key supports near the $0.3650 and $0.3620. If there is a bearish break below the $0.3620 range support, the price will likely move into a bearish zone.

Looking at the chart, ripple price is clearly trading above major supports near $0.3620 and it is likely to bounce back. On the upside, the previous supports near $0.3900 and $0.3950 are likely to prevent upsides. However, a successful close above $0.4000 might start a strong upward move towards $0.4100 or even $0.4200. On the flip side, a successful close below $0.3620 could push the price back towards $0.3500.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is likely to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is c

urrently recovering and it could move towards 45.

Major Support Levels – $0.3650, $0.3620 and $0.3500.

Major Resistance Levels – $0.3900, $0.3950 and $0.4000.

Published at Thu, 23 May 2019 04:36:10 +0000

Previous Article

US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

 Next Article

Binance CEO CZ Is Suing VC Giant Sequoia for Reputational Damages

You might be interested in …

Jim Rickards: Debt, The Death of Money and Gold

wallstreetexaminer.com / by Craig Wilson via The Daily Reckoning / April 3, 2017

Jim Rickards joined Greg Hunter of USAWatchdog to discuss his book The Death of Money and the debt ceiling issues facing Trump and Congress. During the interview the two discuss everything from what to expect from Federal Reserve policy to gold prices in the coming months and years.

To start out the interview Jim Rickards was asked on the national debt where he contends, “The debt ceiling is very important. The United States runs budget deficits year after year. In the last 50 years we have only had minimal surplus years under Nixon and Clinton. We currently have $20 trillion of debt. The Treasury cannot just borrow however much they want. The U.S Congress limits the Department of the Treasury’s ability to borrow, what is called the debt ceiling. When the Treasury wants to borrow more, you have to raise the ceiling ceiling by the legislative process – an act of Congress.”

“Officially the existing debt ceiling ran out on March 15 and the Treasury cannot borrow any more money. Right now the Treasury is within tax season so it has positive cash flow. They have more in than going out and will not need to borrow at the exact moment. That is strictly temporary and a function of tax season in. Once we get through April, the shoe is on the other foot.”

“They’re going to hit a “hard ceiling” probably by August, if not sooner. Then the issue becomes whether Congress gives the Treasury the authority to borrow more money. The problem is when passing a debt ceiling bill, the “strings attached” deals that come with them. You gain some members in doing deals and lose others. We saw that with the health fiasco and the repeal of Obamacare failed not because of Democrats but because of Republicans who could not agree amongst themselves.”

READ MORE

The post Jim Rickards: Debt, The Death of Money and Gold appeared first on Silver For The People.

Recruiting Coordinator

Recruiting Coordinator Robinhood is changing the way America invests. We believe our financial system should work for everyone and not just a few. We offer commission-free trading… RobinhoodMenlo Park, CA From Robinhood 26 days ago

Litecoin Price Dips Below $70 as Bears Take Control

Litecoin Price Dips Below $70 as Bears Take Control As most of the cryptocurrency markets are on very wobbly legs right now, there is a genuine feeling of unease. Many people are somewhat surprised by […]

Close Menu