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XRPUSD


XM Research

SEC crackdown sends shockwaves across crypto space, Bitcoin resilient – Cryptocurrency News

During this week, cryptocurrency markets experienced significant swings following the US Securities and Exchange Commission’s (SEC) lawsuits against two of the largest exchanges in the industry, Binance and Coinbase. Interestingly, Bitcoin seems to have shrugged off those regulatory risks as it managed to erase the biggest part of its initial slump.
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Bitcoin ends stellar Q1 on soft note as regulatory grip tightens – Cryptocurrency News

Bitcoin is set to post its best quarterly performance since the first quarter of 2021, partially recovering from a bruising year in which crypto prices got crashed under the boot of global monetary tightening and high interest rates. The latest rally could be attributed to the turmoil in the financial sector, a softer dollar and increasing speculations of a Fed pivot.
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Technical Analysis – XRPUSD jumps to fresh 10-month high

XRPUSD (Ripple) exploded higher in the short term, posting a fresh 10-month high of 0.5844 before paring some gains. Moreover, the ascending 50-day simple moving average (SMA) is positively closing the gap with the 200-day SMA, where a potential golden cross may rejuvenate the advance. The momentum indicators currently suggest that the recent rally is overstretched  as both the RSI and the MACD histogram are coming down from their overbought territories.
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XRPUSD (Ripple) has been consolidating after its recent upside attempt hit a wall at the 38.2% Fibonacci retracement of the March-June downtrend around 0.5257. The neutral picture looks set to last a little longer as the 20-day simple moving average (SMA) is capping prices from above, while the 200-day SMA has been providing a floor. The momentum indicators are further backing the neutral bias in the short term as the RSI has been hovering around the 50 level for a couple of weeks now, while th

Technical Analysis – XRPUSD finds support at 20-SMA after rally stalls

XRPUSD has slid from the two-and-a-half week high of 0.5481 where it started the week to around 0.4880, which coincides with the 20-day simple moving average (SMA). The 20-day SMA has been acting as a support buffer during the latest upswing that began in mid-to-late September. The momentum indicators suggest there may be further selling pressure in the near term as the stochastics are trending lower.

Ripple (XRP) rally cools as Bitcoin sticks to its sideways range – Cryptocurrency News

Whilst most cryptocurrencies have been trading flat over the last month, Ripple (XRP) has enjoyed impressive gains, surging by about 70% from its September lows. The renewed interest in XRP comes on the back of the recent win by the company behind it - Ripple Labs Inc. – against the Securities Exchange Commission (SEC) in a long-running legal dispute.

Technical Analysis – XRPUSD capped by its 200-SMA; bullish bias holds

XRPUSD (Ripple) has been gaining ground after its downtrend halted at the six-month low of 0.5500. Although the short-term picture has been improving for the cryptocurrency, the price is currently being held down by its 200-day simple moving average (SMA). The short-term oscillators reinforce the view that bullish forces remain in control. Specifically, the RSI is hovering above its 50-neutral threshold, while the MACD histogram is currently beyond both zero and its red signal line.

Technical Analysis – XRPUSD aims for a bullish triangle breakout

XRPUSD (ripple crypto) has been oscillating back and forth within the 0.7000 – 0.800 region so far this month, of what looks to be now transforming to a symmetrical triangle. While that kind of triangle is a neutral signal for the market, and the bearish crosses within the simple moving averages (SMAs) on the four-hour chart are dashing hopes for any trend improvement, the good news is that the price is set for a close above the triangle’s upper trendline and the 200-period SMA at 0.7569. T



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