CryptoMediaClub
Monday, July 7, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

XRP Tumbles 8% Weekly but is a Crash Below $0.4 Imminent? (Ripple Price Analysis)

12.05.2023
A A
0
125
VIEWS
ShareShare

Ripple’s price is currently hovering near a crucial support region which consists of both the 200-day moving average and the $0.41 price zone. A breach below this critical level could potentially trigger a significant downturn toward the descending trendline.

Technical Analysis

By Shayan

The Daily Chart

On the daily chart, it’s apparent that after the recent weeks of rejection, the price has arrived at a strong support area at the 200-day moving average of $0.41. Considering the power of this moving average, XRP may enter a consolidation phase.

However, if the price fails to hold above this crucial support zone, it could trigger a cascade leading to bearish sentiment over the market. Conversely, if the cryptocurrency finds support at the 200-day moving average, buyers can hope for a mid-term uptrend toward the $0.56 resistance level.

Source: TradingView

The 4-Hour Chart

On the 4-Hour Chart, Ripple’s price has formed an ascending channel. The recent rejection has caused it to drop below the minor support level of $0.48 and the channel’s mid-trend line. Currently, the price faces a crucial support level at $0.41.

In summary, this PA is supportive of a potential consolidation stage around the mentioned support area until a breakout occurs. However, it’s important to see how the price will actually react, as this would probably give us a clue about the short-term trend.

Source: TradingView

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.

Share10Tweet6ShareSharePin2

Related Posts

Mercado Bitcoin to Tokenize $200 Million in Financial Assets on XRP Ledger
All news

Mercado Bitcoin to Tokenize $200 Million in Financial Assets on XRP Ledger

07.07.2025
0

Mercado Bitcoin plans to tokenize financial assets worth over $200 million, marking the largest initiative of its kind in the...

Read moreDetails
Why Is Crypto Up Today? – July 7, 2025

Why Is Crypto Up Today? – July 7, 2025

07.07.2025
UK’s Smarter Web Company Acquires $24M Worth of Bitcoin, Holdings Reach 1,000 BTC

UK’s Smarter Web Company Acquires $24M Worth of Bitcoin, Holdings Reach 1,000 BTC

07.07.2025
US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

07.07.2025
[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

07.07.2025
Load More
Next Post
Elon Musk Announces Linda Yaccarino as Next Twitter CEO

Elon Musk Announces Linda Yaccarino as Next Twitter CEO

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

TURBO Surges by 385.20% Increase After Listing on Huobi Exchange

TURBO Surges by 385.20% Increase After Listing on Huobi Exchange

2 years ago
South Korean Tax Service ‘Launches Probe into Upbit and Small Coin Issuers’

South Korean Tax Service ‘Launches Probe into Upbit and Small Coin Issuers’

5 months ago
Daehong Communications Partners with Chainlink Labs for NFT Projects

Daehong Communications Partners with Chainlink Labs for NFT Projects

2 years ago
5,050 Bitcoin for $5 in 2009: Helsinki’s claim to crypto fame

5,050 Bitcoin for $5 in 2009: Helsinki’s claim to crypto fame

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Trending

Mercado Bitcoin to Tokenize $200 Million in Financial Assets on XRP Ledger
All news

Mercado Bitcoin to Tokenize $200 Million in Financial Assets on XRP Ledger

07.07.2025
0

Mercado Bitcoin plans to tokenize financial assets worth over $200 million, marking the largest initiative of its...

Why Is Crypto Up Today? – July 7, 2025

Why Is Crypto Up Today? – July 7, 2025

07.07.2025
UK’s Smarter Web Company Acquires $24M Worth of Bitcoin, Holdings Reach 1,000 BTC

UK’s Smarter Web Company Acquires $24M Worth of Bitcoin, Holdings Reach 1,000 BTC

07.07.2025
US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years

07.07.2025
[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

[LIVE] Crypto News Today: Latest Updates for July 7, 2025 – “Fiat Is Hopeless”: Elon Musk Says ‘America Party’ Will Embrace Bitcoin

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz