• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 1

    How ethbox Could be the Future of OTC Trading

    The Revolution will be Livestreamed 2

    The Revolution will be Livestreamed

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 3

    How ethbox Could be the Future of OTC Trading

    The Revolution will be Livestreamed 4

    The Revolution will be Livestreamed

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ripple News

Ripple XRP price analysis: Is XRP price going upward now?

Taha Farooqui by Taha Farooqui
July 23, 2019
in Ripple News
2 min read
Ripple XRP price analysis: Is XRP price going upward now? 5
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Although the crypto market may have stabilized it a bit Ripple (XRP) is still not showing any signs of stabilization in its price action, but the Ripple XRP price analysis shows a different picture as well.

XRP‘s price fell to the lows of $0.284 on July 16, since then the buyers managed to raise the price to highs of the $0.343 in one strong push but could not keep up the momentum and the price started declining. The price has been falling ever since it reached the highs on July 20.

Currently, the price action is declining slowly after the pattern broke through an ascending support line. The crypto’s price action has now formed a descending wedge and little bullish divergence was seen developing across the Relative Strength Indices (RSI) of the four and one-hour charts.

RelatedPosts

Ripple loses another partner as MoneyGram pulls out of deal amid SEC lawsuit

Ripple-SEC lawsuit: No agreement reached as XRP price crashes

Ripple price prediction: XRP at crossroads between a significant bull run and a severe selling spree

61 Million XRP tokens moved by crypto exchanges

Ripple XRP price analysis: Is XRP price going upward now? 6Ripple XRP price chart by Trading View

The ascending support line was being followed since July 16 with the support being tested four times until July 21. On July 21 the ascending support broke down and the price started declining and has formed a descending wedge pattern ever since.

Ripple XRP price analysis: Is XRP price going upward now? 7Ripple XRP price chart by Trading View

However, the price did not decline rapidly as the movement lacked any bulk trading volume from the sellers. Furthermore, the descending wedge is a bullish pattern meaning that XRP‘s price may break out sooner rather than later.

This prediction is also reinforced by the RSI that had developed bullish divergence pointing towards a reversal in price action. Nonetheless, the divergence is low and cannot be observed in the moving averages convergence/divergence (MACD). Moreover, there is no sufficient support that may help the price to start a reversal now.

The nearest support lies around zero-point three-one dollars ($0.31) with the key resistance lying at $0.33.

Across the long term charts, the price action has been moving in a symmetrical triangle since October 2018. Up till now, the price action has tested the support line five times, with rapid recovery each time.

Predictions are that XRP’s price action will breakthrough the wedge and reach the point of resistance in the coming few days.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Ripple
News

Ripple loses another partner as MoneyGram pulls out of deal amid SEC lawsuit

February 23, 2021
Ripple-SEC lawsuit
Ripple News

Ripple-SEC lawsuit: No agreement reached as XRP price crashes

February 23, 2021
Ripple price prediction
Ripple News

Ripple price prediction: XRP at crossroads between a significant bull run and a severe selling spree

February 22, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Crypto

Crypto industry reaches a milestone of 100 million users

February 26, 2021
Polkadot price

Polkadot price prediction: DOT to decline to $25

February 26, 2021
How ethbox Could be the Future of OTC Trading 8

How ethbox Could be the Future of OTC Trading

February 26, 2021
The Revolution will be Livestreamed 9

The Revolution will be Livestreamed

February 26, 2021
Coin

Legal actions to retrieve stolen coins: What is the success rate?

February 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 10

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.