List of Ripple Partnerships and RippleNet Implementations.Ripple’s Ultimate Strategy Why XRP Will Increase In Value.XRP: The Best Digital Asset for Global Payments Fellow Binancians, Binance will support the Songbird (SGB) Airdrop Program for XRP (XRP) holders.XRP is the fastest and most scalable digital asset. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. Coinbase, Bittrex, Binance, and many other major crypto exchanges have dropped or suspended the XRP token in the wake of the SECs legal action against. On the other hand, the major resistance levels are at $0.520, $0.545, and $0.585.Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. The major support levels for XRP/USD are at $0.500, $0.465, and $0.420.

Additionally, the 4-hour Relative Strength Index (RSI) for XRP/USD is currently below the 50 level. If this scenario plays out, the price may test the $0.465 support zone.Īs for the technical indicators, the 4-hour Moving Average Convergence Divergence (MACD) for XRP/USD is now increasing its pace in the bearish zone. In the event of a downside break and a close below the $0.484 level, XRP's price could suffer further losses. The initial support level on the downside is approximately $0.500.įurthermore, the next major support level is situated around $0.485. If Ripple fails to surpass the $0.520 resistance zone, there is a possibility that it may continue to experience a decline. Is it possible that XRP will experience further losses? On the 4-hour chart of the XRP/USD pair, a significant bullish trend line is also forming with support near $0.5065. However, it failed to surpass the $0.5200 resistance zone and remained below the 50% Fibonacci retracement level of the downward movement from the $0.5848 swing high to the $0.4820 low.Īs of now, XRP is declining below the $0.5120 level and trading close to $0.5065 along with the 100 simple moving average (4 hours).

While Bitcoin and Ethereum enjoyed a positive upswing, XRP was unable to follow suit.Įarlier, the price of XRP had experienced an upward movement from the $0.482 zone, which pushed it above the $0.512 resistance level.

Ripple's XRP struggled to overcome the $0.585 resistance level and subsequently began a downward correction against the US Dollar. There are indications of further losses for Ripple's price. What’s new Trade XRP on the XRP/USDT pair Deposits & withdrawals are now open for XRP Note: This article was last updated on July 14, 2023. You can now deposit and trade XRP on the best crypto platform for low fees. The pair might correct further lower toward the $0.485 support or even $0.465. Updated We’re excited to announce that XRP has been listed on Binance.US. There is a major bullish trend line forming with support near $0.5065 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The price is now trading near $0.5065 and the 100 simple moving average (4 hours). Ripple started a fresh decline from the $0.5850 resistance against the US dollar.

It is likely that the price of XRP could drop to $0.485 or possibly even $0.465 before the bulls begin to exert their influence. Against the US Dollar, Ripple is finding it challenging to maintain its position above the $0.5065 support level.

Binance xrp drop