XRP whales are likely behind the double-digit price rally over the past week.
that the SEC makes its internal emails and documents regarding cryptocurrencies public, which may prove that the regulator unfairly targeted the company.From a technical perspective, the XRP/USD rally has brought the pair near a resistance confluence zone, which may lead to bearish reversal in the coming weeks.
The confluence comprises of a multi-year descending trendline , a 200-3D exponential moving average and a support-turned-resistance horizontal level at around $0.50 .In addition, XRP's three-day relative strength index eyes a close above its overbought threshold of 70, adding to the bearish case for April.In the case of a pullback, the XRP price's next downside target appears at its multi-month ascending trendline support around $0.35, down about 25% from current price levels.
On the other hand, a breakout above the descending trendline will have XRP price eyeing $0.60 as the next upside target. This level has served as support in December 2021 and January 2022 — and as resistance in the September-October 2022 session. It is also the target of a prevailingThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Takes Over 20% of Total Volume on Korea's Major Crypto ExchangeXRP leaves Ethereum $ETH behind as Korean investors step in massively xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplex $xrp
Read more »
XRP Price Analysis for March 25Can XRP keep rising faster than most other coins? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Read more »
Landmarks: 20 years after falling to Earth, Park Forest meteorites still draw attention, big price tagsMeteorites that fell in 2003 in Park Forest were a rare case of the rocks coming down in a heavily populated area. They continue to draw interest and high prices on auction sites.
Read more »
XRP Price Analysis for March 26Can XRP keep rising faster than BTC? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »
XRP Price Could Skyrocket After Court Decision, John Deaton SuggestsIn recent tweet, XRP-friendly lawyer John Deaton suggested that the cryptocurrency XRP could see a significant price surge if Ripple Labs prevails in its ongoing legal battle with U.S. Securities and Exchange Commission (SEC)
Read more »
20 San Antonio 'tourist traps' every new resident should visit at least onceThese places are all famous for a reason, and it makes sense to check them out. SanAntonio SATX SanAntonioTX ThingsToDoInSanAntonio Texas
Read more »