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XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

Bitcoin, Ethereum, Ripple, EOS, NEM Test Their Local Lows: Price Analysis, June 29

  • Andrew Strogoff
    📈 Price Predictions

    Bitcoin and altcoins reached local lows, but still unable to break them

Bitcoin, Ethereum, Ripple, EOS, NEM Test Their Local Lows: Price Analysis, June 29
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The situation has changed slightly as cryptocurrencies from the top 20 declined on Friday and some of them test their local lows. However, in general, we can say that nothing has changed as cryptos still fail to establish new dips.

As for interesting news, the crypto community continues to discuss the situation around Facebook. Earlier in 2018, the famous and one of the most popular social media has banned all ads related to cryptocurrencies. However, this week they have changed their mind and weakened the restrictions, but ICOs are still banned.

Another interesting news comes from Foley & Lardner, a law company that has conducted a survey among different member of the crypto industry. They have revealed that community wants more and better regulation for digital assets. Around 84 percent of respondents think that ICO should under regulation. A huge amount of people interviewed want trading operations to be regulated as well.

Bitcoin (BTC/USD) Price analysis, June 29

BTC/USD Hourly General

Bitcoin has lost almost four percent in the past 24 hours, but in general, the situation is neutral as BTC price has not established new lows, bears seem unable to make it as bulls do not let them push the currency pair lower.

BTC/USD Hourly Closer

When we zoom in the hourly chart we can see that BTC/USD has broken through the support area at $6,071 on Friday and is testing the last retracement level 4.236. If bears are successful, they will be able to reach the next support at $5,715. The possible ways for BTC/USD are the following:

  1. Red scenario (bearish). The currency pair will confirm the breakout of 4.236 and move lower targeting the next support at $5,715.
  2. Orange scenario (neutral). Bitcoin will stay within the range and fail its support area testing. BTC price will fluctuate within the support at 4.236 and the resistance at $6,071. We think that this scenario is most likely than the others for Friday.
  3. Green scenario (bullish). The currency pair will jump over the resistance at $6,071 and move higher targeting the next resistance at $6,329.

Ethereum (ETH/USD) Price analysis, June 29

ETH/USD Hourly General

Ethereum has lost more than three percent in the past 24 hours. The currency pair is testing its local lows in the moment of writing, wave after wave, bears are trying to push it lower. ETH/USD still neutral, but once the lows are broken, the currency pair will be able to develop its downside progress.

ETH/USD Hourly Closer

When we zoom in the hourly chart we can see that ETH/USD is testing the support area at $417.28. The currency pair has broken through the support area at $431.42 on Friday and stays close to the next support in the moment of writing. The possible scenarios for ETH/USD are the following:

  1. Red scenario (bearish). The currency pair will jump over the support area at $417.28 and develop its downside momentum towards the next support at $404.55.
  2. Orange scenario (neutral). Ethereum will stay within the current range on Friday limited by the support area at $417.28 and the resistance at $431.42. We think that this is the most probable one for Friday.
  3. Green scenario (bullish). ETH/USD will jump over the resistance area at $431.42 and move higher towards the next resistance at $453.24.

Ripple (XRP/USD) Price analysis, June 29

XRP/USD Hourly General

Ripple has lost more than four percent in the past 24 hours, but the currency pair remains neutral as it failed to establish new lows on Friday. The currency pair is above the descending trend line, but is still unable to move higher.

XRP/USD Hourly Closer

When we look closer at the hourly chart we can see that Ripple has tested the resistance area at $0.4744, but failed to jump over it and retreated later. Ripple has reached the support area at $0.4495 on Friday and is currently testing it. The possible ways for XRP/USD are the following:

  1. Red scenario (bearish). Ripple will break through the support are at $0.4495 and develop its downside progress towards the next support at $0.4232.
  2. Orange scenario (neutral). XRP/USD will stay above $0.4495 and fluctuate there, between this support and the resistance at $0.4744. We think that this scenario is the most likely for Friday.
  3. Green scenario (bullish). Ripple will cross the resistance are at $0.4744 and move higher targeting the next resistance at $0.4918.

EOS (EOS/USD) Price analysis, June 29

EOS/USD Hourly General

EOS has lost more than five percent in the past 24 hours, but in general, there is no change in the current situation is the price failed to establish new lows. The price is above the descending trend line, but bulls are unable to drive it higher.

EOS/USD Hourly Closer

Let’s have a closer look at the situation on the hourly chart. EOS price has tested the resistance area at $8.29, but retreated from there and jumped over the support area at $7.65. EOS/USD is currently below the level. The possible ways for EOS/USD are the following:

  1. Red scenario (bearish). The currency pair will break through the support area at $7.10 and move lower targeting the next support at $6.65.
  2. Orange scenario (neutral). EOS will stay within the range. The price will be limited by the support at $7.10 and the resistance at $7.65. We think that this scenario is the most probable for Friday.
  3. Green scenario (bullish). The currency pair will break through the resistance area at $7.65 and move higher targeting the next resistance area at $8.29.

NEM (XEM/USD) Price analysis, June 29

XEM/USD Hourly General

NEM has lost almost four percent in the past 24 hours. The currency pair remains neutral in general as the local lows still hold the price. XEM/USD is above the descending trend line, but buyers are unable to change the situation in their favor.

XEM/USD Hourly Close

Looking closer at the hourly chart we can see that the price has followed the red scenario on Thursday and Friday. After testing the resistance at $0.1539, NEM retreated and reached the support at $0.1459. The possible scenarios for XEM/USD are the following:

  1. Red scenario (bearish). The currency pair will break through the support area at $0.1459 targeting new lows.
  2. Orange scenario (neutral). NEM is going to stay within the current range between the support at $0.1459 and the resistance at $0.1539.
  3. Green scenario (bullish). The currency pair will break through the resistance at $0.1539 targeting the next resistance at $0.1682.

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XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
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Despite our hopes and beliefs, XRP fails to gain traction and stays about $0.32. Will it ever start growing, considering that BTC and altcoins are making considerable moves during the recent weeks? Let’s check out fresh Ripple XRP predictions to find out what to expect from it. tradingview users share their opinions and arguments about XRP price.

XRP reaches the point of consolidation

Watch XRP patterns closely

XRP price chart from CryptoManiac101

Look at the chart from CryptoManiac101: we can see there’s a strong pennant which might be considered by many to be a bear pattern. But after the formation of a pennant is over, there is a strong downtrend followed by heavy a consolidation phase which we're currently in. XRP seems to be bullish on this chart. However, before any considerable growth, we may see some more downtrend action.

This pattern is expected to break to upside or downside this month. Keep tabs on this technical indicator – it might help you to make further decisions.

A huge move is coming

XRP is about to go short

XRP price chart from russec2

A very interesting and detailed chart was proposed by russec2. Here, we see both short term and long-term perspectives. In the short term for XRP:

  • Looks like BTC before the last dump

  • Daily and 3D Stoch is falling

  • Energy lines are negative

  • Currently at the top of the big channel

As for the long term, daily RSI breakout has occurred and is now bouncing at the trendline. Thus, there’s a chance of XRP going short or higher. If Ripple goes short, BTC will do the same.

Is XRP finally triggering a breakout?

At least a $0.34 breakout should happen for XRP to grow

XRP price chart from DrDovetail

According to DrDovetail, there’s a Head & Shoulders pattern in the XRP chart, and the right shoulder is ending formation. The user anticipated the breakout point being right where this dotted green trendline converges with the neckline of the inverted head and shoulders pattern over a week ago. Finally, it seems to be closing, but first, we should see the price reach at least 34 cents to stay assured it is a legitimate breakout. We also need to watch for a good amount of bull volume.

XRP is going to $0.10?

XRP is very likely to drop to support

XRP price chart from AhmedAlii

AhdemAlii draws the following conclusion from the recent XRP behavior:

1. Bearish confirmation price to 0.28$ and 0.25$ is 0.304$. If you are more risk-prone and want to take advantage earlier, you can enter on a break of a 0.311$ price floor.

2. 0.32$ is current support and if EMA is used as support at this level, expect maximum upward activity to 0.335-0.34$ - a break above this level discredited lower high formation.

3. There is a chance we could be stuck in a range between 0.32$ and 0.35$ before any break.

4. Maximum upward potentials are at 0.35$ and 0.39$.

5. Final buy zones of 0.15-0.10$ are still in the books!

The current support price of 0.32$ was held up very well all in all and the price range was predicted very well with the ceiling coming in at 0.335$. Now we seem to be stuck.

So, what’s going to happen next?

1. XRP will most likely drop to supports at 0.32$ and thereafter, maximum upward capacity is to 0.377$ and even more so between 0.34-0.35$.

2. 0.304$ is still the bearish confirmation price to 0.28$ and 0.25$. The least conservative bearish confirmation price is 0.311$.

3. We are likely to test highs of 0.34-0.35$ conservative targets and even more so to 0.377$ increase before dropping to our downward targets of 0.28$ and 0.25$.

4. Our final buy zone still remains at 0.15-0.10$.

XRP/USD price chart from TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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