Crypto NewsRipple (XRP)

Ripple (XRP) Stable Below $ 0.9175 – Why Breaking Above $ 0.9500 Is So Important

  • Shark Tank star Kevin O’Leary has about 10% of his total investment in Cryptocurrencies and he has decided not to put his money on one coin, which is Ripple‘s token XRP.
  • The XRP / USD pair is trading at 0.9166 and faces a strong one resistance at 0.9175 versus. On the 2 hour timeframe, the SMA is likely to offer resistance at 0.9175.
  • The SEC filed charges against Ripple and its two executives last year, and the case has not yet been resolved in favor of either party.

the XRP / USD The pair ended the day at $ 0.92043 after hitting a high of $ 0.93411 and a low of $ 0.90619. XRP / USD continued its flat move for the second straight session on Sunday in the face of the lack of significant market events. Shark Tank star Kevin O’Leary recently shared his opinion. given Ripple. According to O’Leary, payment company Ripple was in the middle of a long lawsuit with the Securities and Exchange Commission (SEC), so he had no interest in investing in a lawsuit against the SEC as it was a terrible idea.XRP / USD

The TV star has about 10% of his total investment in cryptocurrencies and he has chosen not to put his money on one coin, which is Ripple‘s token XRP. The SEC filed charges against Ripple and its two executives last year, and the case has not yet been resolved in favor of either party. However, a few weeks ago Ripple saw a bullish rally, another nonprofit called Empower Oversight filed a bias lawsuit against the SEC for biasing Ripple and sparing other cryptos like Ripple Ethereum. Filing this case brought a spark of upward momentum to XRP / USD prices; However, Kevin O’Leary’s comments in such a situation limited further profits and flattened crypto for the day.

Meanwhile, the US dollar was also subdued due to the holiday season and the absence of investors, which also kept cryptocurrency XRP flat. It looked like investors were out of the market, which resulted in a consolidated move.

Ripple (XRP) Stable Below $ 0.9175 – Why Breaking Above $ 0.9500 Is So Important, Crypto Trading News

Daily technical level

Support resistance
0.90637 0.93429
0.89232 0.94816
0.87845 0.96221
Pivot point: 0.92024

Ripple Technical Outlook – Retest XRP $ 0.9175

the XRP/ USD Pair trades at 0.9166 and faces strong resistance at 0.9175. On the 2 hour timeframe, the SMA will likely represent resistance at 0.9175. A surge in demand can extend a buying trend to the 0.9544 or 1.0208 resistance level.

On the downside, a spurt of sales could trigger a downtrend to the 0.8849 support and a bearish crossover below that could lead XRP / USD price towards the 0.8330 and 0.7603 levels. So let’s keep an eye on 0.9175 for a sell trade and vice versa. Much luck!

Source: Crypto News Deutsch

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