NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crucial Role Of The CLARITY Act In Avoiding A New October 10 Crypto Crash, Expert Explains
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crucial Role Of The CLARITY Act In Avoiding A New October 10 Crypto Crash, Expert Explains

Ripple (XRP) Price Following Uptrend Above $0.2950, Eyes $0.3100

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:33 pm
2 mins read
technical analysis ripple

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • Ripple price is holding a couple of important supports near $0.2980 and $0.2960 against the US dollar.
  • The price is facing a couple of hurdles near the $0.3020 and $0.3040 levels.
  • There is a key breakout pattern forming with resistance near $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • There could be a nice upward move once the price clears the $0.3020 and $0.3050 resistances.

Ripple price is trading in an uptrend above key supports against the US Dollar and bitcoin. XRP price is likely to continue higher towards $0.3060 and $0.3100 in the near term.

Ripple Price Analysis

Yesterday, we saw a nice upward move above the $0.3000 resistance in ripple against the US Dollar. Moreover, XRP price traded above the $0.3020 level and formed a new weekly high near $0.3056.

Later, there was a downside correction below the $0.3020 and $0.3000 support levels. The price even spiked below the $0.2980 support, but the $0.2950 area acted as a strong support. More importantly, the price climbed above $0.2980 and settled above the 100 hourly simple moving average.

There was a break above the 50% Fib retracement level of the downside correction from the $0.3056 high to $0.2950 low. However, ripple price seems to be facing a couple of key resistances near the $0.3020 level.

Additionally, there is a key breakout pattern forming with resistance near $0.3010 on the hourly chart of the XRP/USD pair. The triangle resistance is near the 61.8% Fib retracement level of the downside correction from the $0.3056 high to $0.2950 low.

Therefore, an upside break above the $0.3020 area is needed for more upsides. The next key resistance area is near the $0.3050 level. A successful close above $0.3050 is likely to push the price towards the $0.3100 and $0.3120 levels.

Conversely, the $0.2980 area is a strong buy zone and a breakdown area. If there is a downside break below the $0.2980 support, the price could slide again towards the $0.2950 support and the 100 hourly SMA. Any further losses may perhaps push the price towards the $0.2920 level.

Ripple Price

Looking at the chart, ripple price is clearly holding a major support near the $0.2980 level. Thus, there are chances of an upside break above the $0.3010 and $0.3020 levels. If not, the price might start another decline towards the $0.2950 and $0.2920 levels.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is struggling to stay above the 50 level.

Major Support Levels – $0.2980, $0.2950 and $0.2940.

Major Resistance Levels – $0.3010, $0.3020 and $0.3050.

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin nieuws: bullish momentum bouwt op - analisten voorspellen DOGE rally

Dogecoin nieuws: bullish momentum bouwt op – analisten voorspellen DOGE rally

Dogecoin laat opnieuw tekenen van herstel zien, terwijl de DOGE koers steeds strakker beweegt in een zone waar vaak een...

Lars Diederiksen 11 hours ago
XRP

Analyst Breaks Down Why Investors will Make More Money With XRP Than Bitcoin

A crypto market participant has outlined a numerical comparison showing how the same investment amount could generate significantly different returns...

Scott Matherson 11 hours ago
Bitcoin Long-Term Holder Dump Is Over: On-Chain Data Just Flipped

Wall Street Analyst Is Still Bullish On Bitcoin, Predicts Price Recovery

As the market remains divided on Bitcoin’s (BTC) near-term direction, one Wall Street analyst is standing firm in his bullish...

Sandra White 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ripple Builds ‘Next Amazon’ With XRP At The Center, Says Crypto CEO

Ripple Builds ‘Next Amazon’ With XRP At The Center, Says Crypto CEO

Jake Simmons 4 hours ago
Ethereum

Ethereum’s Long Accumulation Nears Completion While ETH/BTC Holds The Line

Godspower Owie 5 hours ago
Solana

Solana Accumulation Narrative Strengthens With Big Institutions, A Rally Imminent?

Godspower Owie 10 hours ago

Premium Sponsors

Press Releases

  • Evernorth and Doppler Finance Collaboration

    Evernorth and Doppler Finance Explore Strategic...

    10 hours ago
  • 20,000ドル予測と機関投資家期待の現実性を検証

    イーサリアム...

    12 hours ago
  • 91,000ドル割れ、90,000ドル攻防が分岐点に

    ビットコイン...

    12 hours ago
  • ミームコイン注目銘柄:PepeとPudgy Penguinsが大きな上昇局面を迎える可能性

    ミームコイン注目銘柄:PepeとPudgy...

    13 hours ago
  • 新しい仮想通貨として浮上する次世代ブロックチェーン資産、投資家の注目が集まる理由

    ...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

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