Skip to main content

XRP price could soon fall 72%



 XRP price is in danger of returning to the 2020 bottom. That implies a price drop of around 72%.


In the last XRP Price Predictions from April “ XRP Price Prediction – Bearish Times Ahead ” and “ The XRP Price Could Bearish Breakout ” we wrote:


“If the Ripple price breaks out bearishly and thus below the 50-month EMA at USD 0.55, XRP will only find support again between USD 0.4 – 0.46. If the Ripple price bearishly penetrates this support as well, XRP could even fall to USD 0.11 – 0.17.”


XRP price broke out bearish and fell around 50%


In fact, Ripple broke out in a bearish fashion and bottomed out at just under $0.33, taking Ripple down around 50% overall in May. However, the Ripple price was able to quickly recover and is currently in the support zone between USD 0.4 and 0.46. However, the monthly MACD is still bearish and the RSI is not giving any bullish signals either.


Could the XRP price fall around 72% now?

If Ripple breaks the support between USD 0.4 – 0.46 bearishly, it could fall around 72% to find support between USD 0.011 – 0.17 and bounce off it strongly. This would return the Ripple price to the low point of 2020. The MACD remains bearish on the weekly chart as the MACD lines remain bearish crossovers and the histogram is ticking bearish lower. The RSI is near oversold regions. There is still a chance for Ripple price to bounce off the current support between $0.4-$0.46 to rally to the next resistance at the 200-week EMA around $0.56.


MACD is already more bullish in the daily chart

Only the MACD in the daily chart gives bullish hope, because the histogram has been ticking bullishly higher for a few days and the MACD lines could also soon cross bullishly. However, the EMAs are still bearish crossovers, confirming the trend as bearish for the medium term. If the Ripple price nevertheless breaks the 200-week EMA in the course of an upward movement, it will find the next resistance between USD 0.62 and USD 0.65.


The XRP course will soon find support against BTC

The Ripple course will soon find support against BTC. The next supports for the Ripple course are at 0.0000116 BTC and between 0.0000045 and 0.0000062 BTC. Overall, however, the indicators in the weekly chart are clearly bearish: the EMAs are in a death cross, the histogram of the MACD is ticking bearishly lower and the MACD lines are also bearishly crossed.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action that the reader takes based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more