Ripple Price Analysis: XRP/USD Bullish Above $0.4250

2018-10-16 10:28

Key Highlights

Ripple price surged higher and broke the key $0.4200 and $0.4300 resistance levels against the US dollar. There is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.4500 resistance to climb once again towards the $0.4700 level.

Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD may continue to accelerate gains above $0.4400 and $0.4500 in the near term.

Ripple Price Analysis

Yesterday, we saw a solid rally above the $0.4000 and $0.4200 resistance levels in Ripple price against the US Dollar. The XRP/USD pair even traded above the $0.4500 resistance and tested the $0.4700 zone. A high was formed at $0.4710 and later the price corrected sharply lower. It declined below the $0.4500 support and the $0.4400 pivot zone. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $0.3884 low to $0.4710 high.

However, the downside move was protected by the $0.4200-0.4250 zone. The price also stayed above the 61.8% Fib retracement level of the last wave from the $0.3884 low to $0.4710 high. More importantly, the price is still trading nicely above the $0.4200 support and the 100 hourly simple moving average. At the outset, there is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair. The pair may continue to move higher if there is a break above the $0.4500 and $0.4520 resistance levels.

Looking at the chart, ripple price seems to be holding the $0.4200 and $0.4250 supports very well. Below these, the price will most likely move back in a bearish zone towards the $0.4000 and $0.3800 levels.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently flat in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well above the 50 level.

Major Support Level – $0.4250

Major Resistance Level – $0.4520

The post Ripple Price Analysis: XRP/USD Bullish Above $0.4250 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5112 (-0.09%)
Объем 24H $1.024b
Изменеия 24h: -0.11 %, 7d: -2.32 %
Cегодня L: $0.4973 - H: $0.5173
Капитализация $29.069b Rank 7
Цена в час новости $ 0.4549 (12.38%)

ripple xrp usd price pair resistance above

Источник: newsbtc.com

ripple xrp → Результатов: 126


Победа Ripple в суде может обеспечить XRP взрывной рост

После решения суда в пользу XRP Ripple в деле против Комиссии по ценным бумагам и биржам (SEC) ожидается, что стоимость токена заметно повысится. По итогам давней судебной тяжбы суд обязал Ripple выплатить штраф в размере $125 млн, при этом XRP не будет классифицирован как ценная бумага.

2024-8-10 15:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

21Shares files S-1 application for an XRP ETF

Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov.

Seasoned Trader Eyes $35 For XRP, Says It’s Not As Crazy As It Sounds

A well-experienced trader recently got significant attention after making a bold statement that an XRP price hike could be somewhere between $30 to $35 based on his assumptions of the market. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable.