Ripple (XRP) falls to the Bottom Suggesting Bulls to Take Control of Price

Updated:

Key Resistance levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Expectedly, XRP has traded to the bottom of the chart. In the previous analysis, we have indicated that the price will reach a low of $0.24. At that support, the bearish pressure may continue to the low of $0.22. Today, the XRP has reached a low of $0.23, further depreciation is expected to the low of $0.22. We had this low in September, and the market respected the historical price level. XRP made a pullback as the coin reached the low of $0.22 price level.

XRPUSD-Daily Chart

Daily Chart Indicators Reading:
The Relative Strength Index is the major indicator for consideration. The RSI period 14 level 26 means that XRP is trading in the oversold region below level 30 suggesting that bulls may take control of price. The pair will trade below level30 and reverse. The coin may reverse in a matter of days. Also, XRP has a bearish crossover as the 21-day SMA crosses below the 50-day SMA indicating that price is falling.

XRP/USD Medium-term Prediction: Bearish
On the 4-hour chart, the price was making a series of lower highs and lower lows. The 21-day SMA is acting as a resistance to the price while the support line of the channel acts as a support.

XRPUSD-4-Hour Chart

4-hour Chart Indicators Reading
The 21-day and the 50-day SMAs are sloping downward indicating the downtrend. This indicates that the price is falling. XRP is in a strong bearish momentum according to the daily stochastic.

General Outlook for Ripple (XRP)
XRP has fallen to the oversold region of the market as the market is testing the $0.23 price level. We are expecting that the coin may trade and reverse either at the $0.22 or $0.23 price level. Traders should lookout for a buy setup to initiate buy orders.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: buy Limit
Entry price: $0.22
Stop: $0.15
Target: $0.30

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Ripple (XRP) Pulls Back Amid Bullish Expectations

Updated:

Key Resistance levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
On November 6, the bulls made a positive move but were resisted at the $0.31 price level. This singular resistance has thrown XRP into another downward move. In recent times, the coin has been making frantic effort to break into the previous highs but the $0.30 has been a strong resistance level. The bulls are faced with the challenge to penetrate the $0.30 and $0.31 price levels.

The price tested the resistance levels but lack of buyers at the upper price level, compels the coin to fall. XRP is trading at $0.27, and if the selling pressure continues, the market will reach a low of $0.24. However, if the coin has more buyers at the $0.25 price level, the price may find support at $0.25.

XRPUSD-Daily Chart

Daily Chart Indicators Reading:
The bears have broken the support line of the channel. This signifies that XRP may further depreciate. As the support line is broken, XRP may fall to a low of $0.24. The market has fallen to level 42 of the RSI, meaning that it is below the centerline 50. Also, the coin tends to fall.

XRP/USD Medium-term Prediction: Bullish
On a 4-hour chart, XRP had its last bearish impulse on September 24 and the coin fell to a low at $0.23. It commenced a bullish move and reached a high of $0.30. XRP has been facing resistance at $0.30 in October. The bulls tested the resistance level several times before it was repelled. It appears the coin has resumed a downward move.

XRPUSD-4-Hour Chart

4-hour Chart Indicators Reading
In the same manner, the bears have broken the support line as the price fell to a low at $0.27. The price made retest at $0.28 and resumed the downward move. The 21-day and 50-day EMAs are sloping downward indicating that the market is falling.

General Outlook for Ripple (XRP)
All the indicators are showing that XRP is in a bearish momentum. There is likelihood that the coin will revisit the previous low of $0.24 if the downtrend continues. Nevertheless, as the market continues its fall, the price may find support at $0.24 or $0.25 price levels.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Sell
Entry price: $0.27
Stop: $0.29
Target: $0.24

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

XRP Transactions Witness Insane Spike in Just Under a Week

Updated:

XRP’s daily transaction has just taken a new leap. The cryptocurrency now has about 1.7 million daily transactions, which has been recorded as an all-time high.

In a report by cryptocurrency data tracker, BitInfoCharts, a little above 50% of all cryptocurrency transactions in the past few days were XRP transactions. Ether (ETH) and Bitcoin (BTC) come in second and third places respectively.

XRP’s transactions haven’t attained such heights since 2017, when the cryptocurrency space was basking in the light of the historic bull run of December 2017.

A week ago (21st of October), XRP was facilitating a little over 730,000 transactions daily, fast-forward to 8 days later and the cryptocurrency giant was grossing 1.6 million transactions in a day which is a rise of more than 100% in the sector of 8 days. XRP has been aspiring for new heights in daily transactions ever since this impressive feat.

What Could Be Stimulating the Surge?
It is still uncertain what is triggering this upswing in daily transactions, but best believe barrages of assumptions will flood the space. An assumption of what could be responsible for this rally might be the upcoming Swell event which is being hosted by Ripple in November. Another assumption could be the new alliance between Ripple and Moneygram which is based on finding new means of utilizing XRP. Whatever the case may be, it is definite that something critical is going on in the background as Ripple is on the brink of achieving 1.7 million transactions daily.

At the time of writing, XRP is trading at $0.300 after a 1.6% gain in the past 24 hours. The weekly high was seen at $0.3153 on the 26th of October while the lowest point was $0.261 which was witnessed on the 23rd of this month.

Ripple Discloses Plans to Join New Group
Ripple has disclosed that it plans on joining the Blockchain Association. Ripple’s membership in this group will create access to regulatory bodies and lobbyists in the sector for the company. The group is a non-profit organization consisting of blockchain proponents and aims to stimulate the adoption of blockchain in the world.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Ripple (XRP) Price Analysis – XRP Looks Bullish But Surge in Volatility is Imminent

Updated:

Despite the recent surge, the price of XRP struggles below the $0.31 price zones for days now, although the third largest coin is bullish. While trading at $0.298, the XRP bulls are trying as much as possible to show more commitment but it appears the bears are defending their zone.

With a +1.9% gain overnight, the XRP volume is trading above $2 billion with a market cap of $12.8 billion. The crypto trading signals that the current demand is keeping the buyers alive in the market as more buying pressure may surface if XRP can successfully breach the $0.32 resistance.

Ripple (XRP) Price Analysis: 4H Chart – Bullish

Key resistance levels: $0.32, $0.35, $0.37
Key support levels: $0.286, $0.266, $0.25

Ripple XRP is trading around the upper boundary of the ascending channel on the 4-hour chart. The September low at $0.22 is still acting as short-term support for the market as primary support lies at $0.286 and $0.26. Slipping beneath the channel could cause a massive decline to $0.25 and below.

XRPUSD, 4H Chart – October 28

Still, the buyers are holding tightly to their positions. For a possible upsurge, resistance may hold at $0.35 and $0.37 if we can have a clear break above the $0.32 which had been proving strong for a while now. Nevertheless, the crypto trading signals a bullish move on the RSI as well as the MACD to suggest that the bulls are still in play.

Ripple (XRP) Price Analysis: Hourly Chart – Bullish

Ripple XRP is maintaining a bullish trend on the hourly chart but may fall seriously soon as shown on the technical indicators which are gradually sloping down. The price of XRP may fall as low as $0.27, $0.26, $0.26 if the price plummets the wedge formation.

XRPUSD, Hourly Chart – October 28

Meanwhile, a possible rebound should keep the bulls on track to $0.31 and $0.32 resistance.
The MACD revealed a sideways movement to keep traders abreast of a potential move, although the Ripple XRP market is currently positive but may fall soon. Another thing to note is that XRP is trading around the wedge’s lower boundary for two days as price break is imminent.

XRP SELL SIGNAL

Sell Entry: $0.2989
TP: $0.265
SL: $0.31

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.

Ripple (XRP) Price Analysis – RSI Bearish Divergence Signals Incoming Sell-off For XRP

Updated:

The $0.30 has become heavy resistance zones for Ripple’s XRP bulls to overcome since October 18. Notwithstanding, the market has seen significant volatility after a massive sell-off to $0.23 in late September. The latest bearish actions have brought the market down by -1.42% as more price drops could trigger a reversal soon. However, XRP is still trading below the 2018 low.

Ripple (XRP) Price Analysis: 4H Chart – Bearish

Key resistance levels: $0.299, $0.32
Key support levels: $0.265, $0.23

On the 4-hour chart, Ripple’s XRP has slightly dropped to the lower boundary of the ascending channel which has been forming since September 24. The recent move could lead to a price break-down if the bears stay long in the market. In case of more selling pressure, XRP may encounter support at $0.265 and $0.23.

XRPUSD, 4H Chart – October 23

As we can see on the price chart, the crypto trading signals a bearish divergence on the technical indicators (RSI and MACD) – which shows that a heavy sell-off is coming up sooner than later. In view of that, the XRP bulls may still manage to push the price to $0.299 and $0.32 on the upside. However, the market is looking bullish at the moment.

Ripple (XRP) Price Analysis: Hourly Chart – Neutral

Ripple’s XRP is trading in a wedge pattern on the hourly chart. Looking at the market structure, the price is near the wedge’s support at $0.285 – where a bounce off is likely to occur. The important resistance to watch out for now is $0.30. However, we can see that the chart’s volume is also fading.

XRPUSD, Hourly Chart – October 23

This corresponds with the recent bearish swing on the technical MACD and RSI indicators, suggesting that the XRP market is currently down amidst a sideways trend. A further low drive may slip the price to $0.275 and $0.265 on the downside. A significant rise above the $0.30 resistance should keep the market in an uptrend. For now, XRP remains neutral on a short-term.

XRP SELL SIGNAL

Sell Entry: $0.289
TP: $0.265
SL: $0.31

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.

CoinField’s New Groundbreaking Project

Updated:

CoinField, a cryptocurrency exchange, is on the verge of making stocks available for trading on the XRP ledger. According to an interview with Decrypt, Bob Ras, the CEO of CoinField mentioned that stocks, fiat-supported Stablecoins and ETFs from different exchanges across the globe will be accessible to traders on the XRP ledger from 2020.

He added that this “ecosystem” will merge non-blockchain conventional market assets with cryptocurrency assets. He announced that CoinField gives its patrons the capacity to tokenize any asset at will and that the tokenizing can be selected from a basket of over 30,000 stocks and ETFs.

Ras concluded by saying that this innovation will help foster the adoption of cryptocurrencies even further.

How Solo Will Work
CoinField plans on using their cryptocurrency, Solo (Ƨ) to serve as a connector for cryptocurrency assets and stocks or ETFs. Solo will then be coupled with fiat currency and will be usable in transactions with other brokerage corporations.

An example is this: Apple shares (AAPL) would get transformed into a tokenized Stablecoin edition of the Apple stock which is AAPLƨ, also, USD would become USDƨ.

These newly created “Stablecoins” can then be traded against XRP as well as Solo on Coinfield’s exchange and XRPL DEX.

CoinField’s Timeline
Confield has been developing this program for the past 6 months. They have collaborated with enterprises like Wieste Wind, and Cashaa to make this project a reality.

The product will be released in the first quarter of 2020 through a public IEO. Solo users will have the ability to exchange their tokens for Bitcoin as well as other assets. They will be provided with a “crypto card” to allow them to use cryptocurrency assets as collateral and can use it instantly anywhere on the planet.

In the second quarter, CoinField plans on releasing an exchange, however, patrons will not be able to use the platform until much later in the year. The exchange is expected to acquire a brokerage licensing from Estonia’s authorities in 6 months.

The establishment is presently headquartered in Canada but they have plans on relocating to Spain.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Ripple Enters Coalition With Renowned FinTech Corporation

Updated:

Ripple has entered an alliance with Finastra, one of the world’s biggest financial technology company, to confer Finastra’s customers with admittance to the RippleNet blockchain system.

Based on an article by FinTech Times on the 16th of October, the alliance between the companies is going to cause more than 200 Ripple clients, including 48 out of the apex 50 banks on the planet, to adopt Finastra’s huge banking operation.

The Alliance With Finastra
Finastra is a London-based company that was established in 2017 from a consolidation between Misys and D+H. This union was praised at the period as the creation of a force in the financial software sector.

Based on the report by FinTech Times, patrons of Finastra and RippleNet’s backers will now have the leeway to conduct cross-border business with end-to-end lucid supervision of costs and speedy delivery duration.

Users will be hosted on Ripple’s cloud solution platform to speed, and will also have the choice of using Ripple’s XRP-powered On-Demand Liquidity solution, which is purported to deliver settlements for multinational transactions in three seconds.

The Senior Vice President of Finastra, Ritesh Singh, in a conference, expressed his opinion saying that the alliance between Finastra and Ripple is a reflection of the corporation’s principle that prospects of finance are clear. He also mentioned that the utilization of blockchain technology will be particularly beneficial to patrons in locations where the required amounts for banking were excessive.

Controversies Surrounding XRP
In August the eight-biggest bank in the US, PNC, was the pioneering corporation to adopt the RippleNet blockchain system for cross-border transactions.

However, as XRP coins continuously wane in value, Ripple’s CEO, Brad Garlinghouse has replied to contentions that have been trailing Ripple in the past. In a conference with Anthony Pompliano, co-founder of Morgan Creek Digital Assets, Brad remarked that the corporation’s openness was what was exposing them to attacks.

Responding to the questions put forward concerning the poor sales of the XRP coins, Brad Garlinghouse reassured that the sales volume of XRP doesn’t relate in any regard to the company’s sales.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

XRP Surges 6% To Reach August Break Zone, Can The Bulls Overcome $0.28?

Updated:

Ripple (XRP) Price Analysis – October 7

Ripple’s XRP has seen a significant price increase of +6% over the past 24-hours, although the last few days’ trading, following the recent bullish move in the market. XRP is now priced at $0.27 while approaching the August break level. The crypto trading signals a bearish correction which is likely to end soon. Otherwise, the price of XRP may go parabolic.

Ripple (XRP) Price Analysis: Daily Chart – Bearish

Key resistance levels: $0.293, $0.32. $0.35
Key support levels: $0.25, $0.23, $0.22

Considering the descending wedge pattern, the Ripple’s XRP market is losing momentum on the daily chart while remaining in a bearish bias for the past four months. The price is now surging at the wedge’s resistance at $0.293 following the September 24 bounce off at $0.22. Meanwhile, the $0.32 and $0.35 resistance remains a breakout zone.

XRPUSD-Daily Chart-October-7

Looking at the RSI 50 break-up, there’s a high chance for a bullish run if the indicator continues to show strength. However, the crypto trading signals a bullish momentum in the Stochastic RSI but reaching the overbought territory. If the price oscillates downward, XRP may turn to near support at $0.25 and $0.23 to meet the lower white line. A further drop could roll the market down to $0.22 and below.

Ripple (XRP) Price Analysis: 4H Chart – Bullish

The price of XRP is reaching a confluence resistance at $0.28 on the 4-hour time frame after seeing a decent price growth under 12-hours. Nevertheless, the price of Ripple’s XRP is looking bullish inside the channel pattern (yellow). A rejection at $0.28 resistance may pull the price back to the channel’s support at $0.26 and $0.25 support before bouncing off.

XRPUSD-4H-Chart-October-7

A significant drive beneath the channel might send the market straight to short-term support at $0.23. The crypto trading signals an overstretched market on both the RSI and Stochastic RSI indicators to signal a potential sell. However, if the bulls continue to show strength, the price may reach $0.29 and $0.30 on the upside.

XRP SELL SIGNAL

Sell Entry: $0.28
TP: $0.251
SL: $0.29

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.