{"id":227757,"date":"2019-05-25T19:49:05","date_gmt":"2019-05-25T23:49:05","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=227757"},"modified":"2020-06-18T11:25:40","modified_gmt":"2020-06-18T15:25:40","slug":"xrp-trading-following-a-flag-formation-pattern-xrp-price-may-break","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-trading-following-a-flag-formation-pattern-xrp-price-may-break","title":{"rendered":"XRP Trading: Following A Bull Flag Formation, XRP Price May Break-Up Wedge"},"content":{"rendered":"

Ripple (XRP) Price Analysis \u2013 May 25<\/h3>\n

In the past few days of trading, XRP\/BTC market has remained to trade in a downward wave as the XRP\/USD market follows a side-way movement. Meanwhile, the third largest cryptocurrency has a market cap valuation of $16.23 billion with a trading volume of $1.4 billion, as price trades at $0.388 level.<\/p>\n

XRP\/USD Market<\/h2>\n

Key Levels:<\/strong>
\nResistance levels: $0.42, $0.46
\nSupport levels: $0.34, $0.30<\/p>\n

XRP followed an upward movement after rising from the $0.3 in the past two weeks. The price increase saw the market through to the $0.48 before dropping.<\/p>\n

Since then, the cryptocurrency exchanges<\/a> have been trading on a side-way, respecting a wedge which has held price action for the past days.<\/p>\n

\"\"<\/a>
XRPUSD-4H-Chart-May-25<\/figcaption><\/figure>\n

As the market reaches a tight angle of the trend line, a price break may occur at either way. Above the wedge, the bulls may find resistance at the $0.42 and $0.46. Below the wedge, the price may drop to the $0.34 and $0.3 supports.<\/p>\n

On the MACD, a bearish trend is suggested as the market plays below the indicator. The RSI is moving side-ways, revealing below the 50 level.<\/p>\n

XRP\/BTC Market<\/h2>\n

Against Bitcoin<\/a>, XRP has flagged bearish on a medium-term trend as the market appeared subdued with choppy price action. This suggested that the sellers are gaining control of the market.<\/p>\n

The bearish wave is shown on the 4-hours RSI, heading towards the oversold level.<\/p>\n

\"\"<\/a>
XRPBTC-4H-Chart-May-25<\/figcaption><\/figure>\n

At the moment, the price is shooting at the 4500SAT support. Below this support, the bears may locate support at 4200SAT. If a bullish surge occurs, we can expect quick test at the 5000SAT, 5400SAT and 5800SAT resistances.<\/p>\n

The 4- hours MACD has crossed over down to the bearish zone due to the selling pressure in the market. As of now, we can say the XRP market is following a bearish scenario for now.<\/p>\n

Please note:<\/em><\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple (XRP) Price Analysis \u2013 May 25 In the past few days of trading, XRP\/BTC market has remained to trade in a downward wave as […]<\/a><\/div>","protected":false},"author":1742,"featured_media":227771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8009,8479,8084,8085],"class_list":["post-227757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-price-prediction","tag-techbnical-analysis","tag-xrpbtc","tag-xrpusd"],"acf":[],"yoast_head":"\nXRP Trading: Following A Bull Flag Formation, XRP Price May Break-Up Wedge<\/title>\n<meta name=\"description\" content=\"In the past few days of trading, XRP\/BTC market has remained to trade in a downward wave as the XRP\/USD market follows a side-way movement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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