Ripple XRP News Today – Top Headline for Ripple XRP, January 8th, 2020

  • XRP get delisted from BITBOX
  • XRP trades on Support 

Renowned cryptocurrency exchange platform BITBOX recently alerted its users about delisting XRP from its platform. In the official statement released, BITBOX claimed the major reason why assets could get delisted from its exchange platform include poor performance, lack of liquidity, and regulatory issues. It is yet unknown the particular reason why the Singapore-based exchange platform delisted XRP. Reacting to this, Some of BITBOX users are already threatening to close down their accounts.

Ripple XRP Trades on Support

Recently, XRP faced a sudden surge above the $0.2120 resistance against the U.S dollar. The price increased above $0.2200, established a high at $0.2253, and initiated a major downside correction. Alongside this, there was a major increment in Bitcoin above $8,000 and $8,200. BTC increased towards the $8,500 level and it is currently correcting lower.

Ripple Price Analysis – there was a dip below the $0.2200 support area. Also, the price traded below the 50% Fib retracement level of the ascending move from the $0.1937 low to $0.2253 high. Lastly, the price declined below $0.2100 and tested the $0.2080 support level. It appears like there is a significant developing triangle establishing with support close to $0.2090 on the hourly chart of the XRP/USD pair.

The recent price movement of the coin indicates that there are high possibilities of another decline below the $0.2100 level. The significant support level is close to the $0.2050 level and the 100 hourly simple moving average.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.238
-8.32%

Transitional support is close to the 61.8% Fib retracement level of the upward move from the $0.1937 low to $0.2253 high. There are possibilities of the bulls protecting the $0.2050 support area if there is another decline below $0.2100. Any additional losses might push the price towards the critical $0.2000 pivot level.

If XRP declines below $0.2100 again, it could be deemed as a moderate buying opportunity. The $0.2050 support leads the way for the current uptrend and bullish case. The price might revert to the bearish zone if it breaks the $0.2000 support level.

XRP Price Prediction – Ripple XRP Price Prediction

XRP seems is to be amassing gains, it appears like the recently established uptrend is not over yet unless there is a close below $0.2000. On the upside, the price might try to test the $0.2400 level.

The MACD for XRP/USD is currently about to move into the bullish zone, while the RSI for XRP/USD is below the 50 levels. The Major Support Levels are $0.2100, $0.2080 and $0.2050. The Major Resistance Levels are $0.2180, $0.2200 and $0.2250.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.