Ripple Price Prediction: XRP Trends Horizontally After $0.49 Rejection
Daily Ripple XRP Technical Analysis
- Ripple price is consolidating below the $0.39 level.
- The MACD shows sustained bearish market momentum.
This Monday, the Ripple price reached an intraday high of $0.77 before dropping down to $0.37. Since then, XRP has been consolidating below the $0.39 price level. Let’s take a closer look with technical analysis.
Ripple Price Consolidates Below $0.39
After facing rejection at the $0.49 resistance barrier, the Ripple price has been consolidating below the $0.39 level. XRP currently has healthy support at $0.39, which sees a confluence of the 20-day, 50-day, and 200-day SMAs.
Image: XRP/USD daily
Three signs in the 4-hour Ripple price chart shows negative market sentiment.
Image: XRP/USD 4hour
- The 20-bar SMA has been flipped from support to resistance.
- The MACD shows sustained bearish momentum.
- The parabolic SAR has been reversed from bullish to bearish.
PrimeXBT And Coincheck Delists XRP
Ripple’s native token XRP was recently suspended from two popular crypto exchanges - PrimeXBT and Coincheck. The latter took to Twitter to announce that it would be halting XRP sales. Fortunately for traders, the announcement was temporary. The exchange resumed trading a few minutes later.
However, this was not the case with PrimeXBT. The exchange appears to be following the footsteps of several other high-profile exchanges. It will delist XRP pairs from 10 February. The delisting includes both BTC and USDT pairs.
“Following recent events surrounding #Ripple ($XRP) as well as the delisting of the asset across our multiple liquidity providers, the following trading pairs will be removed on Wednesday, 10th of February, at 15:00 UTC:
Ripple Price Is Expected To Reach These Levels
With the Ripple price flashing multiple sell indicators, we can expect XRP to drop to the $0.31 support wall. Since this level is very robust, it should absorb an immense amount of selling pressure and prevent further drops.