• Contact Us
  • Privacy Policy
  • Live Exchange
  • LIVE ICO
  • Shop
Sunday, February 21, 2021
CryptoNewsking.com
Advertisement
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop
No Result
View All Result
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop
No Result
View All Result
CryptoNewsking.com
No Result
View All Result
Home Bitcoin News

Ripple (XRP) Surges 15%, Why Bulls In Control Above $0.44

02/05/2021
in Bitcoin News
0
Ripple (XRP) Surges 15%, Why Bulls In Control Above $0.44
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ripple started a fresh increase above the $0.4000 resistance against the US Dollar. XRP price is likely to accelerate further higher if it clears the $0.4650 resistance.

  • Ripple is up over 15% and it broke a major resistance near $0.4200 against the US dollar.
  • The price is trading well above $0.4400 and the 100-day simple moving average.
  • There is still a key bearish trend line with resistance near $0.4650 on the daily chart of the XRP/USD pair (data source from Kraken).
  • The pair could start a strong increase if there is a clear break above the trend line and $0.4700.

Ripple’s XRP Price Starts Fresh Rally

After forming a support base above $0.3800, ripple’s XRP price started a strong increase. There was a clear break above the $0.4000 and $0.4200 resistance levels (outperforming bitcoin).

Related articles

The Last Time This Happened, Bitcoin Rose Another 2x

The Last Time This Happened, Bitcoin Rose Another 2x

02/21/2021
Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

02/20/2021

There was a clear break above the 50% Fib retracement level of the downward move from the $0.5359 swing high to $0.3424 low. The price is now trading well above $0.4400 and the 100-day simple moving average. There are many positive signs emerging above the $0.4500 level.

Source: XRPUSD on TradingView.com

An immediate resistance is near the $0.4620 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.5359 swing high to $0.3424 low.

The main resistance is forming near the $0.4650 level. There is still a key bearish trend line with resistance near $0.4650 on the daily chart of the XRP/USD pair. A clear break above the trend line resistance could open the doors for a sharp increase towards the $0.5000 resistance. The next major resistance above the $0.5000 level could be near the $0.5800 level.

Dips Supported in XRP?

If ripple fails to clear the $0.4620 resistance or the trend line, it could correct lower. An initial support is near the $0.4400 level. The first major support is near the $0.4200 level.

The main support could be near the $0.3500 level and the 100-day SMA. If the price fails to stay above $0.3500, it could dive towards the $0.3400 support zone, where the bulls are likely to take a strong stand.

Technical Indicators

Daily MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone.

Daily RSI (Relative Strength Index) – The RSI for XRP/USD is well above the 50 level.

Major Support Levels – $0.4400, $0.4200 and $0.4000.

Major Resistance Levels – $0.4650, $0.5000 and $0.5800.

Credit: Source link

Share76Tweet47

Related Posts

The Last Time This Happened, Bitcoin Rose Another 2x

The Last Time This Happened, Bitcoin Rose Another 2x

02/21/2021
0

According to Glassnode’s Bitcoin MVRV Z-Score indicator, Bitcoin is about to cross the red zone. The last time BTC saw...

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

02/20/2021
0

Ethereum traded to a new all-time high near $2,040 before correcting lower against the US Dollar. ETH price is trading...

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

02/20/2021
0

Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar....

Bitcoin Grows 37x In Four Years From Today

If It Wasn’t For Bitcoin, Gold Would Be $3K

02/19/2021
0

Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a...

Binance Coin (BNB) Overtakes Tether For Third-Ranked Crypto Asset

Binance Coin (BNB) Overtakes Tether For Third-Ranked Crypto Asset

02/19/2021
0

Yesterday, Binance Coin closed at around $200 a coin, and within another 24 hours, the exchange token is already trading...

Load More
  • Trending
  • Comments
  • Latest
Surging Demand and Seized Supply Spark Rapid Growth in Tether Gold

Surging Demand and Seized Supply Spark Rapid Growth in Tether Gold

04/02/2020
Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

02/20/2021
Auto Claim faucet via termux tinggal nyantai #cryptocurrency

Auto Claim faucet via termux tinggal nyantai #cryptocurrency

07/21/2019
New Cardano Roadmap Puts March 2021 Date For Goguen Mainet Rollout

New Cardano Roadmap Puts March 2021 Date For Goguen Mainet Rollout

10/30/2020
The Last Time This Happened, Bitcoin Rose Another 2x

The Last Time This Happened, Bitcoin Rose Another 2x

02/21/2021
Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

02/20/2021
Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

02/20/2021
3 key factors that propelled Ethereum to $2,000 for the first time ever

3 key factors that propelled Ethereum to $2,000 for the first time ever

02/20/2021
CryptoNewsking.com

CryptoNewsKing.com is a curated world cryptocurrency news online portal which aims to provide the latest crypto and blockchain related news with real time updates from all around the world.

Donate

Do you like what we offer? Your donation can help us continue to improve the services we offer. Please send your donations to the addresses below. Thank you for your support and may the crypto force be with you.

BTC 

35RWoVxFbnmySWFHtYNV28rU4Hyf5TrTXD

ETH

0x1B35F874152c7d597029007f98f1F2361179034B

LTC

MJ3Cv9NXPt8ZM9x6mDiHGUFpm5yhiNntwT

Subscribe to get more!

  • Contact Us
  • Privacy Policy
  • Live Exchange
  • LIVE ICO
  • Shop

© 2019 CryptoNewsKing.com - All rights reserved

No Result
View All Result
  • Home
  • LIVE UPDATES
    • Live Coin Market Cap
    • Live Exchange
    • LIVE ICO
  • News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Blockchain
    • Altcoin News
    • Exchanges News
    • Wallet News
    • Regulation
    • ICO
  • Guide Reviews
    • How to Buy Crypto
    • Bitcoin 101
    • Ethereum 101
    • Blockchain 101
    • Mining 101
    • Coins
    • Exchanges
    • Wallets
  • Market
  • Price Analysis
  • Business
  • Videos
  • Shop

© 2019 CryptoNewsKing.com - All rights reserved