If XRP Price Loses This Current Support, This Is How Low It Will Go
XRP has spent the better part of four months carving out a trading range with a series of contested highs and lows that kept both bulls and bears engaged. That appearance of stability is now under serious threat, as the cryptocurrency has returned to the exact support level that anchored its range lows throughout the consolidation. XRP losing this support level will determine the next significant directional move. XRP Returns To The Same Range Low XRP’s price action on the daily candlestick timeframe chart shows the cryptocurrency is currently locked inside a consolidation range....
Related News
Crypto analyst MadWhale has raised the possibility of the XRP price experiencing a breakdown below the crucial $2 support level. The analyst also revealed the next major support if XRP drops below this support level. XRP Price Could Drop To $1.90 If It Loses $2 Support In a TradingView post, MadWhale predicted that the XRP price could drop to the major support at $1.90 if it loses the psychological $2 level. He noted that XRP has demonstrated a classic triple-top formation, with each successive peak showing weaker momentum. In line with this, the analyst asserted that a break below the 42....
Bitcoin price is back below $55,000, unable to keep its bullish momentum it had leading into the Coinbase Global listing. Since then, things have turned down. The fall back below $60,000 has with it also taken the coin below a critical life-saving support level that’s been untouched since late 2020. Bitcoin Loses Life-Saving Support Level, […]
Tamadoge (TAMA) is a new and exciting play-to-earn meme coin that is predicted to grow 10-fold in price. SOL bullish streak invalidated Solana has reached the oversold zone Tamadoge meme coin dubbed as better alternative to SOL Solana (SOL) plummets as it loses the support of an ascending channel it is in and further invalidating its bullish thesis. The crypto market is experiencing a turbulence as Bitcoin lost support from a rising wedge pattern. Related Reading: Ethereum Plunges 21% In Last 7 Days, Drops Below $1,600 SOL Wading Oversold Waters According to CoinMarketCap, SOL is down by....
BTC’s price loses its $18,000 all-time high support as the price trades to a region of $17,000 before bouncing off this region. BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. BTC’s price remains weak across all timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Previous weeks saw the price of Bitcoin (BTC) and most altcoins trend higher as many produced gains of over 200%, including the price of Bitcoin (BTC) rallying from a region of $19,200 to a....
Cardano has depreciated on its chart considerably over the past few days taking away most of the weekly gains. Over the last 24 hours, ADA lost 2% of its value dragging price down to $0.42 on the four hour chart. ADA lost critical support of $0.44 which it tried to defend multiple times. After sloping downwards, now the coin has been trading laterally. The next major support level for ADA lies beneath the $0.40 mark. Technical outlook reflected bearishness on the chart. If ADA continues to display mundane price movement then it is only a matter of time till it loses its current support....