Crypto NewsRipple (XRP) PriceXRP AnalysisXRPBTCXRPUSD

Ripple Price Analysis: XRP Struggling To Break Above $0.50

XRP/USD – Bullish attempt to surpass $0.5 continues.
Key Support Levels: $0.45, $0.41, $0.4.
Key Resistance Levels: $0.5, $0.556, $0.6.
XRP is currently trading inside a falling wedge pattern as it attempts to break the upper boundary. The coin had dropped lower from $0.56 in the last days of February as it collapsed into the support near $0.4 (the 100-day EMA line).
It then rebounded from $0.4 at the beginning of this month and has since found solid support at $0.45 (.5 Fib) over the past six days. However, XRP is still struggling to close a daily candle above $0.5.
XRP/USD Daily Chart. Source: TradingViewXRP-USD Short Term Price Prediction
Looking ahead, the first level of support lies at the upper boundary of the wedge. This is followed by resistance at $0.5. Beyond $0.5, next resistance levels lie sat $0.556 (2019 Highs), $0.6, and $0.648 (bearish .786 Fib).
On the other side, the first level of support lies at $0.45 (.5 Fib). This is followed by $0.41 (100-days EMA), $0.4 (.618 Fib), and $0.37 (200-days EMA).
The RSI is just poking above the midline, indicating indecision within the market. To break resistance at $0.5, the RSI must rise higher to indicate increased bullish momentum.
XRP/BTC – XRP Trades Inside Descending Triangle Formation
Key Support Levels: 867 SAT, 800 SAT, 742 SAT.
Key Resistance Levels: 1000 SAT, 1200 SAT, 1300 SAT.
Against Bitcoin, XRP recently started to form a descending triangle formation. The base of this triangle lies at 867 SAT, which was the upper boundary resistance for the trading range during January 2021.
The coin has made two attempts in March to break above the upper angle of the triangle and had failed on both …
Story continues on Crypto Potato

Related posts
AA NewsCrypto NewsJack DorseyNon-Fungible Token (NFT)SocialTwitter

Jack Dorsey Will Donate the Proceeds of His Genesis Tweet Sale

Jack Dorsey, the CEO of one of the largest social media platforms, Twitter, will be converting the proceeds of the sale of the genesis tweet in Bitcoin and donate it to the GiveDirectly’s Africa Response Campaign. Earlier during the weekend, CryptoPotato reported…
AA NewsADABTCADAUSDBitcoin (BTC) PriceBTCEURBTCGBPbtcusdBTCUSDTCardano (ADA) PriceCoronavirus (COVID-19)Crypto NewsETHBTCEthereum (ETH) PriceETHUSDfeatured1

First $1,200 US Stimulus Checks Put in Cardano Worth $45,000 Today

It’s been approximately one year since the COVID-19 threat infiltrated the Western World and caused massive disruptions. Consequently, it has been a little less than twelve months since the US government initiated considerable relief packages and sent $1,200 to every…
cryptocurrencyMoneyGramNewsRippleXRPUSDXRPUSDT

With XRP In Legal Shambles, MoneyGram Officially Ends Partnership With Ripple

Blockchain company, Ripple Labs has announced the official termination of its partnership with MoneyGram International. Ripple entered into a partnership with MoneyGram after it bought a $30 million stake in the money transfer company back in 2019. According to reports,…