Ripple’s (XRP) price could not sustain the previous session’s gains on Saturday. XRP bounce back strongly on Friday after the Russia-led war on Ukraine send shockwaves across global markets on Thursday. But the price finds it difficult to move beyond the 50-day EMA (Exponential Moving Average) as it hovers near the crucial barrier.
- Ripple (XRP) edges lower on Saturday as volatility keeps investors on edge.
- However, the downside risk remains intact as the price fails to test $0.80.
- XRP bulls missed the opportunity to capitalize on Friday’s sound bounce back.
- As per the Whale Alert, the US-based Bittrex exchange transferred 20 million XRP to the Korean platform Upbit.
At the time of writing, XRP/USD at $0.76, The sixth-largest cryptocurrency by market cap held the 24-hour trading volume of $3,956,429,359 with losses of 0.41%.
On the daily chart, Ripple (XRP) has been trading lower since the price made swing highs $0.91 as it moves inside the ‘rising wedge’ formation. It is a bearish reversal pattern as the price continues to trade in ‘lower high lower low formation’. As the price tested the lows of $0.67 and $0.622 and is one of the ways to revisit $0.58.
Furthermore, the price remains pressured below 200-EMA (Exponential Moving Average) at $0.85 since December 24. If the price sliced below the 50-day EMA of $0.76 then it could fall toward the lower trend line of $0.58.
On the flip side, if the price is able to break above the psychological $0.87 level then it could move toward the critical $1.0 level.
RSI: The Daily Relative Strength Index (RSI) trades at 51 below the average line.
MACD: The Moving Average Convergence Divergence (MACD) hovers just above midline with upside momentum.
- It's important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long-term wisely and never invest more than you can afford to lose.
Trading & Investing both are masters of RISK.
Please comment, like, and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
- Ripple (XRP) edges lower on Saturday as volatility keeps investors on edge.
- However, the downside risk remains intact as the price fails to test $0.80.
- XRP bulls missed the opportunity to capitalize on Friday’s sound bounce back.
- As per the Whale Alert, the US-based Bittrex exchange transferred 20 million XRP to the Korean platform Upbit.
At the time of writing, XRP/USD at $0.76, The sixth-largest cryptocurrency by market cap held the 24-hour trading volume of $3,956,429,359 with losses of 0.41%.
On the daily chart, Ripple (XRP) has been trading lower since the price made swing highs $0.91 as it moves inside the ‘rising wedge’ formation. It is a bearish reversal pattern as the price continues to trade in ‘lower high lower low formation’. As the price tested the lows of $0.67 and $0.622 and is one of the ways to revisit $0.58.
Furthermore, the price remains pressured below 200-EMA (Exponential Moving Average) at $0.85 since December 24. If the price sliced below the 50-day EMA of $0.76 then it could fall toward the lower trend line of $0.58.
On the flip side, if the price is able to break above the psychological $0.87 level then it could move toward the critical $1.0 level.
RSI: The Daily Relative Strength Index (RSI) trades at 51 below the average line.
MACD: The Moving Average Convergence Divergence (MACD) hovers just above midline with upside momentum.
- It's important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long-term wisely and never invest more than you can afford to lose.
Trading & Investing both are masters of RISK.
Please comment, like, and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
Market Rank: 6
XRP Price: $0.7621
Price Change 24h: $0.000831/+0.11%
24h Low / 24h High: $$0.7257/$0.7661
90d Low / 90d High: $0.5587/$1.03
Trading Volume 24h: $2,259,060,865.52/-43.39%
Volume / Market Cap: 0.06185
Market Dominance: 2.03%
Market Cap: $36,524,288,482.63/+0.24%
Fully Diluted Market Cap: $76,172,755,077.41/+0.24%
Yesterday's Change: -2.3%
Yesterday's Volume: $3,051,695,700.90
Circulating Supply: 47,949,281,138 XRP
Max Supply: 100,000,000,000 XRP