Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

SEC’s new interim watchdog Katherine Reilly to direct crypto fraud as a top priority

2025-05-20

What are tokenized real-world assets? Put physical value on the chain with RWAS

2025-05-20

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»XRP falters at support level – can bears take advantage?
Altcoins

XRP falters at support level – can bears take advantage?

2023-07-28No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

  • XRP hovered over a key support level, as bears looked to flip the market structure.
  • Market speculators remained hesitant, as evidenced by the tight margin on long/short ratio.

Ripple’s [XRP] price action dwindled from the price high after its favorable ruling as a non-security token. After hitting a 2023 record of $0.940 on 13 July, XRP has twice found the $0.850 resistance a tough obstacle to overcome.


Realistic or not, here’s XRP’s market cap in BTC’s terms


With prices hovering above the $0.680 key support, a break below that level could signal a shift in momentum from bullish to bearish.

Bulls and bears tussle between key price levels

Ripple XRP price chart on dark background with green and red price bars

Source: XRP/USDT on Trading View

Previously, the price correction after XRP’s massive pump on 13 July found some footing at the $0.680 price zone. This allowed for another bullish push. However, the rally met stiff resistance at the $0.850 level with bears taking over strongly to force prices down.

Although the bulls mounted a defense on the first retest of the $0.680 support, the on-chart indicators pointed to a continuation of the bearish trend. The Relative Strength Index (RSI) hovered over neutral 50, despite the slight price push off the support level. This showed a lack of buying pressure at key price levels.

The Moving Average Convergence Divergence (MACD) also posted a bearish crossover on 21 July. Even though the Moving Averages remained above the zero mark, the MACD displayed red bars below the zero level to indicate growing bearish strength.

See also  Solana: Search volumes are increasing, are private investors on the rise?

A break below the $0.680 support could see XRP free-fall toward $0.563. On the other hand, if bulls sustain prices above the support level, buyers could be spurred to attempt another push for the $0.850 resistance level.

Longs and shorts evenly matched

Source: Coinglass


Read Ripple’s [XRP] Price Prediction 2023-24


The tussle on the price charts extended to open contract positions in the futures market. Data from Coinglass on the 12-hour timeframe showed that shorts held a marginal 50.08% share advantage over the longs’ 49.92% share.

The hesitant sentiment by market speculators leaves a window of opportunity for either bears or bulls to take advantage of, based on Bitcoin’s price action.

Source link

advantage Bears falters level Support XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

2025-05-20

Trump’s tax assessment is progressing in the congress – good for the adoption of crypto?

2025-05-20

Pi Network announces vacancies in the midst of price fall, pump and dump rumors

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin price extends recovery, but lack of momentum remains a concern

2023-06-20

Rumor has it that the Biden administration is working on an executive order that would require disclosure of the excessive energy consumption

2023-09-27

Crypto-Institutional Inflows Surge to 2021 Levels

2023-12-05
Editors Picks

Inflation is cooling down – here’s what it means for your crypto wallets

2024-07-12

Coinbase Says SEC Is Costing the US Millions of Jobs and Pushing Opportunities Offshore

2023-09-13

Sui Bridge launches on Mainnet and connects Ethereum and Sui

2024-10-02

DeFi hacks in October and everything latest you need to know

2022-10-14
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

SEC’s new interim watchdog Katherine Reilly to direct crypto fraud as a top priority

What are tokenized real-world assets? Put physical value on the chain with RWAS

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,862.672.25%
  • ethereumEthereum(ETH)$2,495.873.97%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.341.19%
  • binancecoinBNB(BNB)$642.110.59%
  • solanaSolana(SOL)$165.742.87%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2193891.48%
  • tronTRON(TRX)$0.2736193.68%
  • cardanoCardano(ADA)$0.730.26%
  • suiSui(SUI)$3.804.76%
  • chainlinkChainlink(LINK)$15.582.88%
  • avalanche-2Avalanche(AVAX)$21.981.84%
  • stellarStellar(XLM)$0.2833411.11%
  • hyperliquidHyperliquid(HYPE)$25.952.73%
  • shiba-inuShiba Inu(SHIB)$0.0000141.26%
  • hedera-hashgraphHedera(HBAR)$0.1925153.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.721.40%
  • bitcoin-cashBitcoin Cash(BCH)$386.601.28%
  • the-open-networkToncoin(TON)$3.042.34%
  • polkadotPolkadot(DOT)$4.551.29%
  • litecoinLitecoin(LTC)$92.75-2.78%
  • moneroMonero(XMR)$347.370.52%
  • bitget-tokenBitget Token(BGB)$5.10-0.08%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000130.51%
  • piPi(PI)$0.744.31%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • aaveAave(AAVE)$262.3819.71%
  • bittensorBittensor(TAO)$412.635.47%
  • uniswapUniswap(UNI)$5.801.30%
  • nearNEAR Protocol(NEAR)$2.721.61%
  • aptosAptos(APT)$5.061.61%
  • okbOKB(OKB)$51.82-0.03%
  • ondo-financeOndo(ONDO)$0.923.39%
  • kaspaKaspa(KAS)$0.1093604.96%
  • ethereum-classicEthereum Classic(ETC)$18.101.86%
  • internet-computerInternet Computer(ICP)$5.111.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.296.15%
  • gatechain-tokenGateToken(GT)$21.380.69%
  • crypto-com-chainCronos(CRO)$0.0955691.92%
  • mantleMantle(MNT)$0.741.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.226521-1.36%
  • render-tokenRender(RENDER)$4.553.93%
  • vechainVeChain(VET)$0.0274051.57%
  • ethenaEthena(ENA)$0.3669644.89%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • arbitrumArbitrum(ARB)$0.3870444.36%
  • algorandAlgorand(ALGO)$0.2181512.46%
  • filecoinFilecoin(FIL)$2.801.48%
  • bitcoinBitcoin(BTC)$104,862.672.25%
  • ethereumEthereum(ETH)$2,495.873.97%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.341.19%
  • binancecoinBNB(BNB)$642.110.59%
  • solanaSolana(SOL)$165.742.87%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2193891.48%
  • tronTRON(TRX)$0.2736193.68%
  • cardanoCardano(ADA)$0.730.26%
  • suiSui(SUI)$3.804.76%
  • chainlinkChainlink(LINK)$15.582.88%
  • avalanche-2Avalanche(AVAX)$21.981.84%
  • stellarStellar(XLM)$0.2833411.11%
  • hyperliquidHyperliquid(HYPE)$25.952.73%
  • shiba-inuShiba Inu(SHIB)$0.0000141.26%
  • hedera-hashgraphHedera(HBAR)$0.1925153.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.721.40%
  • bitcoin-cashBitcoin Cash(BCH)$386.601.28%
  • the-open-networkToncoin(TON)$3.042.34%
  • polkadotPolkadot(DOT)$4.551.29%
  • litecoinLitecoin(LTC)$92.75-2.78%
  • moneroMonero(XMR)$347.370.52%
  • bitget-tokenBitget Token(BGB)$5.10-0.08%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000130.51%
  • piPi(PI)$0.744.31%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • aaveAave(AAVE)$262.3819.71%
  • bittensorBittensor(TAO)$412.635.47%
  • uniswapUniswap(UNI)$5.801.30%
  • nearNEAR Protocol(NEAR)$2.721.61%
  • aptosAptos(APT)$5.061.61%
  • okbOKB(OKB)$51.82-0.03%
  • ondo-financeOndo(ONDO)$0.923.39%
  • kaspaKaspa(KAS)$0.1093604.96%
  • ethereum-classicEthereum Classic(ETC)$18.101.86%
  • internet-computerInternet Computer(ICP)$5.111.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.296.15%
  • gatechain-tokenGateToken(GT)$21.380.69%
  • crypto-com-chainCronos(CRO)$0.0955691.92%
  • mantleMantle(MNT)$0.741.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.226521-1.36%
  • render-tokenRender(RENDER)$4.553.93%
  • vechainVeChain(VET)$0.0274051.57%
  • ethenaEthena(ENA)$0.3669644.89%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • arbitrumArbitrum(ARB)$0.3870444.36%
  • algorandAlgorand(ALGO)$0.2181512.46%
  • filecoinFilecoin(FIL)$2.801.48%