Ripple Price Analysis: XRP/USD Consolidating Above $0.5000

2018-11-13 09:28

Key Highlights

Ripple price recovered a few points, but it faced sellers near $0.5250 against the US dollar. There is a short term bullish trend line formed with support at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to consolidate above the $0.5000 support in the next couple of sessions.

Ripple price is currently trading in a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone.

Ripple Price Analysis

Yesterday, we discussed that ripple price could recover towards the $0.5200 level against the US Dollar. The XRP/USD pair did move higher and cleared the $0.5100 and $0.5180 resistance levels. The upward move was positive as the price even surpassed the $0.5200 level and settled above the 100 hourly simple moving average. However, the price failed near $0.5250 and the 50% Fib retracement level of the last drop from the $0.5610 swing high to $0.4860 swing low.

The price topped at $0.5253 and later started a downside correction. It moved below $0.5150 and the 23.6% Fib retracement level of the recent wave from the $0.4872 low to $0.5253 high. The current price action is positive above the $0.5000 support area. There is a short term bullish trend line formed with support at $0.5050 on the hourly chart of the XRP/USD pair. Besides, the 50% Fib retracement level of the recent wave from the $0.4872 low to $0.5253 high is acting as a support. As long as the price is above the trend line, $0.5000 and the 100 hourly SMA, it could recover once again.

Looking at the chart, ripple price is currently consolidating above the $0.5000 support. Buyers will most likely make another attempt to push the price above $0.5200 and $0.5250 in the near term.

Looking at the technical indicators:

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

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

Major Support Level – $0.5000

Major Resistance Level – $0.5250

The post Ripple Price Analysis: XRP/USD Consolidating Above $0.5000 appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 0.5175 (-1.94%)
Объем 24H $1.851b
Изменеия 24h: -2.02 %, 7d: -0.28 %
Cегодня L: $0.5175 - H: $0.5382
Капитализация $28.614b Rank 7
Цена в час новости $ 0.4448 (16.34%)

5000 ripple usd above price xrp pair

Источник: newsbtc.com

5000 ripple → Результатов: 21


Фото:

Ripple’s XRP Initiates Bull-Run: Returns Above $0.5000

Following Bitcoin Cash’s [BCH] very successful weekend performance concluding the week with over 30 percent increase, it is XRP’s turn to take the cryptocurrency’s market wheel. Read:  Bitcoin Cash [BCH] Stellar Performance Leaving Leading Coins [XRP ETH BTC] in Dust or Bitcoin Cash (BCH): More than Just Hard Fork Hype? The speedy coin, ranked third largest […] The post Ripple’s XRP Initiates Bull-Run: Returns Above $0.5000 appeared first on Ethereum World News.

2018-11-6 06:03


Мнение: в ближайшие 10 лет капитализация крипторынка достигнет $20 трлн

По прогнозам главы deVere Group Найджела Грина (Nigel Green), в ближайшие 10 лет капитализация крипторынка увеличится на 5000% и достигнет $20 трлн. При этом биткоин утратит свою главенствующую роль, а на ведущие позиции выйдут Ripple и Ethereum.

2018-10-25 13:01


Анализ цены Ripple (04.07.18)

Вчера Ripple продемонстрировала рост выше уровня $0. 5000. Паре XRP/USD удалось пробить сопротивление $0. 5100. Монета торговалась вблизи уровня $0. 5250 до появления продавцов. Вершина сформировалась на отметке $0.

2018-7-4 10:45


Ripple будет сложно развить восходящий тренд

В четверг Ripple неплохо подрастает и торгуется по $0,5512. Накануне криптовалюта выполнила свою техническую задачу и пробилась в рамках восстановления через сопротивление на $0,5300 выше. По мнению ведущего аналитика RoboForex Дмитрия Гурковского это значит, что краткосрочная перспектива для Ripple позитивна, на позитивную меняется и среднесрочная картина.

2018-6-14 17:12


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