Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Price Analysis
  • Ripple (XRP)

Ripple (XRP) Appears Ready For a Price Break Out

Nathan Ferguson August 31, 2021 2 min read

Briefly –


trade now
  • XRP witnesses its price consolidating inside a tight range.
  • A daily candle-close out of the $1.17 to $1.10 area will determine the token’s incoming price movements.
  • Interestingly, the last few days have seen some whales exiting the XRP network.

As another monthly close nears, it seems like most crypto experience volatility resurgence. As much as XRP’s price remains stagnant, technical indicators depict the possible substantial price movements.

XRP Consolidating Before Breakout

XRP extends its consolidation phase inside a tight range that narrows as time goes. On the daily price chart, the 6th ranked crypto has its price actions in the past 20 days, creating a symmetrical triangle. The swing highs form a descending trend-line, while the swing lows lead to an uphill trend-line.

For now, XRP nears the triangle’s upper side, suggesting that massive volatility may dominate the token. Adding the breakout point to the technical pattern’s height shows a 31.7% move towards either direction. That can mean magnified gains or massive losses.

Meanwhile, the token’s next moves rely on the daily candle close out of the $1.17 – $1.10 range. Increased buying pressure to crack the upside resistance might see XRP exploding to $1.55. However, breaching the support level at $1.10 will have the altcoin correcting to $0.75.

Regardless of the ambiguous picture exhibited by the symmetrical triangle, Santiment, a behavior analytic site, indicates whales taking profits. That follows the recent rally that the total crypto market witnessed.

Meanwhile, over the last 72 hours, the addresses with over 10 million Ripple’s tokens dropped by 1.5%. Around five whales redistributed their XRP or left the platform in such a short time.

The sudden drop of whales on the XRP network is an ugly development for extended upside trends. Keep in mind that these large investors hold XRP worth over $11 million. Maximized selling pressure might push the alt beneath the $1.10 support, thus a 31.7% price retracement.

Remember, only a candle close out of the price range at $1.17 – $1.10 will tell XRP’s next moves.

Which path do you think XRP will take? You can comment in the section below.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: US SEC Compels Evidence Submission Against Ripple
Next: Shiba Inu (SHIB) Hits $0.0000065 Support – What’s Next?

Related Stories

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
3 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?

May 27, 2022
27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Ethereum (ETH)
  • News
  • Price Analysis

27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness

May 27, 2022
Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
2 min read
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • News
  • Price Analysis

Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis

May 27, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,810.00
-2.54%
ethereum
Ethereum (ETH)
$1,748.73
-4.59%
tether
Tether (USDT)
$1.00
-0.01%
usd-coin
USD Coin (USDC)
$1.00
-0.16%
binancecoin
BNB (BNB)
$303.07
-2.69%
ripple
XRP (XRP)
$0.386697
-2.69%
Binance USD
Binance USD (BUSD)
$1.00
-0.10%
cardano
Cardano (ADA)
$0.461297
-4.61%
dogecoin
Dogecoin (DOGE)
$0.081879
3.18%
polkadot
Polkadot (DOT)
$9.33
-0.24%

Recent Posts

  • $240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
  • 27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
  • Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
  • Ethereum, Ripple, Cardano Price Analysis – 27 May 2022
  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • 26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?

Categories

You may have missed

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?
3 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

$240M Liquidations In 24 Hours; Why Is ETH Price Crashing?

May 27, 2022
27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Crypto Trading
  • Ethereum (ETH)
  • News
  • Price Analysis

27 May Crypto Prices: Bitcoin Explores $28K Amid Persistent Bearishness

May 27, 2022
Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis
2 min read
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • News
  • Price Analysis

Cardano (ADA) Extends Downward Following Substantial Damage – May 27 Analysis

May 27, 2022
Ethereum, Ripple, Cardano Price Analysis – 27 May 2022
2 min read
  • Altcoins
  • Cardano (ADA)
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

Ethereum, Ripple, Cardano Price Analysis – 27 May 2022

May 27, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%