Ripple Price Analysis: XRP/USD Basing For Next Move Higher

2018-10-25 09:13

Ripple price tested the $0.4735 resistance recently and corrected lower against the US Dollar. XRP/USD is currently testing the previous resistance at $0.4490-0.4500.

Key Talking Points

Ripple price was recently rejected from the range resistance at $0.4735 against the US Dollar. There was a break above a major bearish trend line with resistance at $0.4525 on the 2-hours chart of the XRP/USD pair (Data feed via Bitstamp). XRP price remains supported on dips near the $0.4490 and $0.4480 levels. Ripple Price Forecast

There was a solid upward move in ripple price above the $0.4500 level against the US Dollar. The XRP/USD pair traded close to the $0.4750 level and later started a downside correction.

Looking at the chart, the price corrected and tested the $0.4340 zone where buyers emerged. It represents the 50% Fib retracement level of the last major upward move from the $0.3881 low to $0.4739 high.

Later, the price bounced back and broke the $0.4580 resistance. Moreover, there was a break above a major bearish trend line with resistance at $0.4525 on the 2-hours chart of the XRP/USD pair.

The pair retested the $0.4735 swing high, which once again acted as a strong resistance. Later, there was another downside correction and the price moved below the $0.4580 level and the 100 simple moving average (2-hours).

However, the broken trend line is currently acting as a support near the $0.4490 level. If buyers fail to keep the price above the $0.4490 and $0.4480 support levels, there could be a fresh retest of the $0.4340 support.

On the other hand, if the price bounces back, it could climb above the $0.4580 and $0.4600 resistance levels. The most important resistance on the upside is at $0.4735, above which the price may rise to $0.5000.

Overall, ripple price is placed nicely above the $0.4480 and $0.4490 support levels. Therefore, there are high chances of a fresh upward move above the $0.4550 and $0.4580 levels in the near future.

The market data is provided by TradingView.

The post Ripple Price Analysis: XRP/USD Basing For Next Move Higher appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5173 (+0.01%)
Объем 24H $837.638m
Изменеия 24h: -0.13 %, 7d: -2.04 %
Cегодня L: $0.5126 - H: $0.5181
Капитализация $28.687b Rank 7
Цена в час новости $ 0.4406 (17.41%)

resistance price ripple xrp usd against analysis

Источник: ethereumworldnews.com

resistance price → Результатов: 126


Фото:

Ethereum is Nearing Crucial Resistance; Rejection Here Could Spark Move to $300

Ethereum’s price is currently struggling to surmount some heavy resistance, which has caused it to lag behind Bitcoin today This resistance, which exists at $380, has hampered its price action on multiple occasions throughout the past few weeks Despite this, because BTC is now nearing $11,000, a break above this crucial level will likely catalyze some intense buying pressure that also creates a tailwind for ETH One analyst noted that this region of resistance between […]

2020-9-16 23:00


Фото:

Ethereum’s Market Structure Weakens as Bulls Fail to Break Key Resistance

Ethereum’s overnight price action has done little to offer insight into its near-term trend, as the cryptocurrency has been unable to maintain its recent momentum This, however, has not resulted in it seeing any type of sharp decline, with its rejection at $380 kicking off a consolidation phase Analysts believe that where the cryptocurrency trends next depends wholly on its reaction to one vital resistance level that has been suppressing its price action This resistance […]

2020-9-12 23:00


Фото:

Bitcoin to Breakout in Coming 7 Days as Strength Grows; Claims Analyst

Bitcoin has once again extended the bout of lackluster price action that it has been seeing over the past week The cryptocurrency’s mid-term trend is growing increasingly unclear as it struggles to surmount the heavy resistance that lies directly above its current price action It’s a strong possibility that this resistance will prove to be insurmountable Nevertheless, analysts still remain bullish.

2020-6-11 21:00


Bitcoin [BTC]: Price Fails to Overcome Resistance

Bitcoin got off to a strong start to the week with an early surge on Monday. Price failed to follow up on this surge and met resistance at $3684 which was an important prior point of support. With price having retraced from the $3684 resistance level, Monday’s surge looks to have formed a lower high […] Bitcoin [BTC]: Price Fails to Overcome Resistance was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-16 18:24


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.

Суд США отказался признать вторичные продажи активов на Coinbase торговлей ценными бумагами

Второй окружной апелляционный суд США на Манхэттене отклонил иск клиентов американской криптобиржи Coinbase, требовавших отмены собственных транзакций и финансовой компенсации за продажу незарегистрированных ценных бумаг.