XRP/USD price May Fall Below $0.22 Provided Sellers’ Pressure Increases

XRP/USD price May Fall Below $0.22 Provided Sellers’ Pressure Increases

XRP/USD Market September 23

More pressure from the bears can reduce the price to 0.29 and $0.17 level. The inability to break down the $0.22 level may result in strong bullish momentum which will be targeting resistance levels at $0.25, $0.27, and $0.29.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.22, $0.20, $0.17

XRP/USD Long-term Trend: Bearish

XRPUSD remains under the control of the bears. The coin pulled back from the support level of $0.22 to retest the broken level of $0.25; which is a normal phenomenon in a trending market. The price action produces an upward wedge in the daily chart. On September 21, the bears push down the price to break out at the lower trend line of the wedge and the price is retesting the support level at $0.22 at the moment of writing this report.

XRPUSD daily chart, September 23

The price is making an attempt to break down the $0.22 support level as the daily bearish candle is producing which may penetrate the just mentioned support level downside, more pressure from the bears can reduce the price to 0.29 and $0.17 level. The inability to break down the $0.22 level may result in strong bullish momentum which will be targeting resistance levels at $0.25, $0.27, and $0.29. The price has moved down below the two dynamic supports trading below 9 periods EMA and the 21 periods EMA. Also, the relative strength index period 14 is bending at 30 levels indicate a sell signal.

XRP/USD medium-term Trend: Bearish

The crypto was trading within the wedge formed in the 4-hour chart last week. The bears have pushed out the price to break out of the wedge and it is targeting the support level of $0.22 for another downward breakout.

XRPUSD 4-hour chart, September 23

The crypto remains below the two EMAs and the price is trading below the 9 periods EMA and 21 periods EMA. The price may reverse at the support level of $0.22 because it has touched the level two times, it looks like a double bottom chart pattern.

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XRP/USD price Is Struggling to Rise Above Big Resistance

XRP/USD price Is Struggling to Rise Above Big Resistance

XRP/USD Market September 20

The price may decline to retest the support level at $0.22, and if the seller’s pressure increases, the level may be penetrated and reduce to $20 and $17 price level. In case the resistance level of $0.25 is penetrated, the price will be exposed to $27 and $29.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.22, $0.20, $0.17

XRP/USD Long-term Trend: Ranging

The bears are yet to break down the support level at the $0.22; likewise, the bulls’ momentum is not strong enough to break up the resistance level at $0.25. That is one of the major reasons why the crypto is still ranging within the level of $0.25 and $0.22. However, the price action has formed an ascending channel within the range. The price has the tendency to break up the resistance level of $0.25 provided the bulls’ momentum increased.

XRPUSD daily chart, September 20

The 9 periods EMA is below the 21 periods EMA at close range and the price is trading below the two EMAs. It indicates that the bears are having the upper hand over the bulls today. The price may decline to retest the support level at $0.22, and if the seller’s pressure increases, the level may be penetrated and reduce to $20 and $17 price level. In case the resistance level of $0.25 is penetrated, the price will be exposed to $27 and $29. However, the signal line of relative strength index period 14 is bending down at 40 levels which indicate sell signal.

XRP/USD medium-term Trend: Ranging

The ranging movement continues in the XRP market in the 4-hour chart. The bullish pressure is not enough to break up the resistance level at $0.25 when the price tested the level yesterday. That makes the price to change direction towards the south.

XRPUSD 4-hour chart, September 20

The crypto has crossed the two EMAs downside and the price is trading below the 9 periods EMA and 21 periods EMA. Consolidation continues until there is a breakout at $0.25 or $0.22 price level. The relative strength index period 14 is bending down at 40 levels which connotes a sell signal.

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XRP/USD price Is Ranging Within $0.25 and $0.22 Price Levels

XRP/USD price Is Ranging Within $0.25 and $0.22 Price Levels

XRP/USD Market September 16

The breakup of the two EMAs will lead to the breakout of the price at the resistance level of $0.25 which may extend to the resistance level at $0.27 and $0.29 price levels. The breakdown of the support level at $0.22 will push down the price to $0.20 and $0.17 levels.

Key Levels:

Resistance levels: $0.25, $0.27, $0.29
Support levels: $0.22, $0.20, $0.17

XRP/USD Long-term Trend: Ranging

XRPUSD is on the ranging mode in the long – term outlook. The double top chart pattern formed on August 17 triggered the downtrend in the XRP market. The price obeyed the command of the price action; it declines and bottomed at the Support level of $0.22 after passing through the support levels at $0.27 and $0.25. The crypto has been consolidating at the demand zone of $0.22 for more than a week.

XRPUSD Daily chart, September 16

The 9 periods EMA is below the 21 periods EMA and the price is rubbing the surface of the former EMAs as a sign of consolidation in the XRP market. The breakup of the two EMAs will lead to the breakout of the price at the resistance level of $0.25 which may extend to the resistance level at $0.27 and $0.29 price levels. The breakdown of the support level at $0.22 will push down the price to $0.20 and $0.17 levels.

XRP/USD medium-term Trend: Ranging

The bearish pressure is not enough to break down the support level at $0.22; this led to the price repulsion. In the same vein, the bullish momentum is weak and could not break up the resistance level at $0.25. This scenario leads to the ranging of the price within $0.25 and $0.22 price level.

XRPUSD 4-hour chart, September 16

The coin is trading over and around the 9 periods EMA and the 21 periods EMA in which the two are interlocked to each other as a symbol of the consolidation market. Consolidation continues until there is a breakout at $0.25 or $0.22 price level.

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XRP/USD price May Continue Bearish Trend, Aiming at $0.20 Price Level

XRP/USD price May Continue Bearish Trend, Aiming at $0.20 Price Level

XRP/USD Market September 13

The bulls may push up the coin to break up the resistance level at $0.26 and expose the coin to $0.29 and $0.33 price levels. Should the bears defend the resistance level of $0.26, it may continue in a bearish trend which may break down the $0.21 support level and further decrease may reach $0.20 and $0.17.

Key Levels:

Resistance levels: $0.26, $0.29, $0.33
Support levels: $0.21, $0.20, $0.17

XRP/USD Long-term Trend: Bearish

XRPUSD is bearish in the long – term outlook. The crypto found support at $0.21 price level on September 05. It consolidates for some days at the same level. The bears find it difficult to break down the $0.21 price level. The bulls are gathering momentum gradually to push up the price. The price is currently testing the dynamic support level of 21 periods EMA after it penetrates the 9 periods EMA.

XRPUSD Daily chart, September 13

XRP is directly in contact with the two EMAs trading below 9 periods EMA and 21 periods EMA at a close range which indicates that the bears may take over the XRP market soon. The bulls may push up the coin to break up the resistance level at $0.26 and expose the coin to $0.29 and $0.33 price levels. Should the bears defend the resistance level of $0.26, it may continue in a bearish trend which may break down the $0.21 support level and further decrease may reach $0.20 and $0.17.

XRP/USD medium-term Trend: Bearish

The bears are still keeping XRP/USD under their pressure, that is, the coin is bearish in the 4-hour chart. In the earlier hour of today’s market, the crypto increases towards the resistance level at $0.26. The bears interrupted the price increase with the formation of an evening star candle pattern. The price changes direction and breaks down the dynamic support levels.

XRPUSD 4-hour chart, September 13

The coin is trading below the two EMAs and the 9 periods EMA crossing the 21 periods EMA downside, which indicates an increase in the bears’ momentum. The support level at $0.21 may be penetrated.

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XRP/USD price May Test Support Level at $0.21 Before It Gains Strength

XRP/USD price May Test Support Level at $0.21 Before It Gains Strength

XRP/USD Market September 09

Should the sellers increase their pressure; the price will decline to a support level at $0.21 which may extend to $0.17 and a support level at $0.14. Any interruption by the buyers may cause an increase in the price towards the resistance levels at $0.26, $0.29, and $0.33.

Key Levels:

Resistance levels: $0.26, $0.29, $0.33
Support levels: $0.21, $0.17, $0.14

XRP/USD Long-term Trend: Bearish

XRPUSD is consolidating around $0.23 zone for four days. Yesterday, the XRP market opened at $0.242029 and closed at $0.236753; it means the coin decreases with -2.18%. In other words, XRP remains bearish and the sellers maintain their momentum. The price remains within the descending channel. The buyers are struggling to push up the coin towards the dynamic resistance level of 9 periods EMA. There is a tendency for bearish movement to continue in the XRP market.

XRPUSD Daily chart, September 09

The crypto remains below the two EMAs and it is trading below the 9 periods EMA and 21 periods EMA at a distance which connotes further decrease in XRP price. Should the sellers increase their pressure; the price will decline to the support level at $0.21 which may extend to $0.17 and support level at $0.14. Any interruption by the buyers may cause an increase in the price towards the resistance levels at $0.26, $0.29, and $0.33. The relative strength index period 14 is found below 50 levels parallel to the level showing no specific direction indicate that short period consolidation is ongoing.

XRP/USD medium-term Trend: Bearish

XRP/USD is bearish in the 4-hour chart. The strong bearish engulfing candle that emerges at the resistance level of $0.29 triggers the sellers’ pressure which pushes the coin to break down the former demand level at $0.26. It carries out retracement and currently targeting the support level at $0.21.

XRPUSD 4-hour chart, September 09

The two EMAs were above the coin, that is, the price is trading below the 9 periods EMA and 21 periods EMA which connotes a bearish trend. However, the RSI indicator is pointing up at 40 levels which means that the bulls may dominate the XRP market soon.

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XRP/USD price Is Approaching a Potential Bullish Reversal Level

XRP/USD price Is Approaching a Potential Bullish Reversal Level

XRP/USD Market September 06

Breaking down the $0.21 level will drop the price at $0.17 and $0.14. In case the demand level at $0.21 holds the price, the XRPUSD may reverse and face the resistance levels of $0.26, $0.29, and $0.33.

Key Levels:

Resistance levels: $0.26, $0.29, $0.33
Support levels: $0.21, $0.17, $0.14

XRP/USD Long-term Trend: Bearish

XRPUSD is bearish in the long-term trend. XRP was bullish a week ago. The coin was increasing towards the $0.33 resistance level. The bears’ interruption was confirmed with the formation of the bearish engulfing candle at the $0.29 level. The price decline and penetrate downside the demand level of $0.26 with the formation of a strong bearish candle. The price is decreasing towards the demand level of $0.21.

CRP Daily chart, September 06

XRPUSD has broken down the two EMAs and it is trading below the 9 periods EMA and 21 periods EMA which indicate an increase in bearish momentum that leads to a decrease in price. The relative strength index period 14 is exhibiting a buy signal by pointing up below the 50 levels. The probability of price reaching the low of $0.21is high as the price action formed a descending channel in the daily chart. Breaking down the $0.21 level will drop the price at $0.17 and $0.14. In case the demand level at $0.21 holds the price, the XRPUSD may reverse and face the resistance levels of $0.26, $0.29, and $0.33.

XRP/USD medium-term Trend: Bearish

XRP/USD topped at the resistance level of $0.29 on September 02. The bearish engulfing candle emerged at the same level. It is an indication that the bears are increasing their momentum in the 4-hour chart. The price falls and penetrates downside the demand level at $0.26. The XRP price is targeting the demand of $0.21.

XRP 4-HOUR CHART, September 06

The price is trading below the 9 periods EMA and 21 periods EMA with the two EMAs separated from each other which indicates an increase in bearish momentum. The RSI indicator is pointing down below the 40 levels which connotes a sell signal.

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XRP/USD price Breaks up $0.29 Level, Increasing Towards $0.33

XRP/USD price Breaks up $0.29 Level, Increasing Towards $0.33

XRP/USD Market September 02

Further increase in the XRPUSD is envisaged as the bulls open up the market today above $0.29 and the price will be confronted with the resistance level at $0.33, $0.36, and $0.39. Should the price be interrupted by the bears, the price may pull back to retest $0.29.

Key Levels:

Resistance levels: $0.33, $0.36, $0.39
Support levels: $0.29, $0.26, $0.21

XRP/USD Long-term Trend: Bullish

The coin goes the way it was predicted last time. The crypto is pushed up as the dynamic resistance level could not hold the price. Also, the former resistance level of $0.29 has turned to a support level when the daily bullish candle breaks up the mentioned level. The price is increasing towards the resistance level at $0.33. Today, another bullish candle opens the XRP market above the $0.29 level suggest further increase.

XRPUSD Daily chart, September 02

XRPUSD has broken up the two EMAs and it is trading above the 9 periods EMA and 21 periods EMA which connotes an increase in bullish momentum. In addition, the relative strength index period 14 is exhibiting a buy signal by pointing up above the 50 levels. Further increase in the XRPUSD is envisaged as the bulls open up the market today above $0.29 and the price will be confronted with the resistance level at $0.33, $0.36, and $0.39. Should the price be interrupted by the bears, the price may pull back to retest $0.29. The support levels to look at are $0.29, $0.26, and $0.21.

XRP/USD medium-term Trend: Bullish

XRP/USD is Bullish on the medium-term outlook. XRPUSD breaks out of the descending channel at the upper trend line of the channel. The price increases to break up the $0.29 level and targeting the resistance level at $0.33.

XRPUSD 4-hour chart, September 02

The price is trading above the 9 periods EMA and 21 periods EMA with the two EMAs separated from each other which indicates an increase in bullish momentum. The RSI indicator is at 70 levels with a signal line pointing up indicating buy signal.

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XRP/USD price Reverses at $0.29 Level, Increasing Towards $0.29 – $0.33

XRP/USD price Reverses at $0.29 Level, Increasing Towards $0.29 – $0.33

XRP/USD Market August 30

The Breakup of the two dynamic resistance levels by the bulls may increase the price to $0.29, if it does not hold the price, then; it will increase to $0.33 which may later reach $0.36 level. In case $0.29 price level holds, the price may reverse and continue the bearish trend to $0.21 and $0.17 provided $0.26 level does not hold.

Key Levels:

Resistance levels: $0.29, $0.33, $0.36
Support levels: $0.26, $0.21, $0.17

XRP/USD Long-term Trend: Bullish

The crypto was bearish last week; the bearish momentum pushed the price to the support level at $0.26 as it was predicted last week. It had a breakout at the mentioned support level but the pressure of the bears is not enough to sustain the breakout, it then results in a fake breakout. On 28 August, a bullish candle emerged as an indication that the buyers are ready to dominate the market. The price was pushed up to break up the descending channel formed.

XRPUSD Daily chart, August 30

At the moment, the coin is heading towards the resistance level at $0.29. Also, it is breaking up the 9 periods EMA and 21 periods EMA which indicates that the bulls are taking over the market. The Breakup of the two dynamic resistance levels by the bulls may increase the price to $0.29, if it does not hold the price, then; it will increase to $0.33 which may later reach $0.36 level. In case $0.29 price level holds, the price may reverse and continue the bearish trend to $0.21 and $0.17 provided $0.26 level does not hold.

XRP/USD medium-term Trend: Bullish

On the medium-term outlook, XRP/USD is Bullish. The price action has formed a descending channel on the 4-hour chart. The price has touched the lower trend line of the channel and bounces upside. XRP price has crossed the two dynamic resistance upside, also, the 9 periods EMA is crossing the 21 periods EMA upside which indicates an increase in bullish momentum.

XRPUSD 4-hour chart, August 30

The probability of price increase to the resistance level at $0.29 is very high. The Relative Strength Index period 14 is pointing up at 70 levels to indicate a buy signal.

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XRP/USD price: Will There Be a Bearish Breakout at $0.29 Level?

XRP/USD price: Will There Be a Bearish Breakout at $0.29 Level?

Should the Bulls break up the resistance level at $0.29, then, $0.33 and $0.36 price level may be tested. In case the support level of $0.26 is penetrated by the bears and the daily candle close below the level, then, a further decrease in price to $0.21 and $0.17 should be expected.

XRP/USD Market
Key Levels:

Resistance levels: $0.29, $0.33, $0.36
Support levels: $0.26, $0.21, $0.17

XRP/USD Long-term Trend: Bearish

On the 4-Hour chart, XRP/USD is bearish. The Bears are still in control of the XRP market. The price action has formed a descending channel on the 4-Hour chart. The currency pair has been on the ranging movement for six days. The resistance level at $0.29 stands as a strong barrier to the currency; likewise, the demand level at $0.26 continues to be defended by the bulls, preventing the bearish breakout. On August 25, the bears pushed the pair to penetrate the support level at $0.26 but the bulls oppose the movement. The market closed yesterday with a daily bearish candle.

XRP Daily chart, August 26

The currency pair is trading within the dynamic support and resistance at $0.29 zone and the two EMAs are parallel close to each other as a symbol of a ranging market. Should the Bulls break up the resistance level at $0.29, then, $0.33 and $0.36 price level may be tested. In case the support level of $0.26 is penetrated by the bears and the daily candle close below the level, then, a further decrease in price to $0.21 and $0.17 should be expected.

XRP/USD medium-term Trend: Bearish

On the medium-term outlook, XRP/USD is Bearish. XRP price has crossed down the two dynamic support and resistance as a sign of bearish movement. The price bounced at the upper trend line of the descending channel and the bears were able to increase their pressure, the price is currently decreasing towards $0.26 level.

XRPUSD 4-hour chart, August 26

Further decrease in the XRP price is highly envisaged. The Relative Strength Index period 14 is pointing downside to indicate a sell signal. As at the moment, XRP price is trading below the 9 periods EMA and 21 periods EMA. The support level at $0.26 may be penetrated and the price continues its bearish momentum.

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XRP/USD Price Breaks Down $0.29 Support Level, Targeting $0.26

XRP/USD Price Breaks Down $0.29 Support Level, Targeting $0.26

XRP Weekly Price Analysis – August 23

The ability to break down the support level at $0.26 by the bears will reduce the XRP price to $0.21 and $0.17 support levels. The inability to penetrate the $0.26 price level downside may return the price towards the resistance levels at $0.29, $0.33, and$0.36.

XRP/USD Market
Key Levels:

Resistance levels: $0.29, $0.33, $0.36

Support levels: $0.26, $0.21, $0.17

XRP/USD Long-term Trend: Bearish

The resistance level at $0.33 was the last week high in the XRP market. The bulls lose the momentum at the $0.33 price level twice. The double top chart pattern is information as the last part of the “M” shape is in progress. The price is currently below the former demand level of $0.29, exposes to the $0.26 demand level. The bearish force is increasing as the daily candle produce today is bearish. 

XRP Daily chart, August 23

XRP has crossed the 9 periods EMA and 21 periods EMA downside and the coin is trading below the two EMAs. The ability to break down the support level at $0.26 by the bears will reduce the XRP price to $0.21 and $0.17 support levels. The inability to penetrate the $0.26 price level downside may return the price towards the resistance levels at $0.29, $0.33, and$0.36. 

XRP/USD Medium-term Trend: Bearish

XRPUSD 4-hour chart, August 23

XRP is bearish on the 4-hour chart. The price is gradually descending as it was predicted last week. The demand level at $0.29 could not hold the price; the just mentioned level has turned to resistance level as the price is already below it. The price action in the 4-hour chart has formed a descending channel coupled with the trading of XRP below the 9 periods EMA and 21 periods EMA are indications that bearish trend may continue. The coin is targeting $0.26 price level which may not hold the price and the price may reduce to $0.21 and $0.17.

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