Ripple Price Analysis: XRP/USD Continues To Grind Lower

2018-9-5 10:30

Key Highlights Ripple price declined steadily and broke the $0.3350 support area against the US dollar. Yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely extend the current decline towards the $0.3260 and $0.3220 levels in the near term.

Ripple price is trading lower against the US Dollar and Bitcoin. XRP/USD could drop further as long as the price is below the $0.3400 resistance.

Ripple Price Resistance

In the past two analysis, we discussed about a steady decline towards $0.3200 in Ripple price against the US Dollar. The XRP/USD pair remained in a bearish zone and the pair recently broke the $0.3400 and $0.3350 support levels. There was also a break below the 76.4% Fib retracement level of the last leg from the $0.3273 low to $0.3530 high. It is now trading well below the $0.3400 resistance and the 100 hourly simple moving average.

It seems like the price may soon test the last swing low of $0.3273 in the near term. Below this, the next support is near the $0.3220 level. Moreover, the price could even test the 1.236 Fib extension level of the last leg from the $0.3273 low to $0.3530 high at $0.3213. Finally, the most important support is aligned near the $0.3200 level. On the upside, an initial resistance is near the $0.3320 level. Furthermore, yesterday’s highlighted major declining channel is intact with resistance at $0.3340 on the hourly chart of the XRP/USD pair. Above the channel resistance, the next hurdle for buyers is near $0.3380 and the 100 hourly SMA.

Looking at the chart, ripple price is likely to decline further towards the $0.3270 and 0.3220 levels in the near term as long as it is below $0.3400.

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 below the 40 level.

Major Support Level – $0.3220

Major Resistance Level – $0.3380

The post Ripple Price Analysis: XRP/USD Continues To Grind Lower appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 2.562 (+2.53%)
Объем 24H $44.853b
Изменеия 24h: -5.16 %, 7d: 89.26 %
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ripple usd xrp price pair analysis lower

Источник: newsbtc.com

ripple usd → Результатов: 126


Анализ цены Ripple (25.06.18)

Курс Ripple находится под сильным давлением со стороны медведей, именно поэтому недавно произошел спуск ниже $0. 50. Сопротивление нисходящей линии тренда образовалось на уровне $0. 48 на часовом графике пары XRP/USD.

2018-6-25 14:03


Анализ курса Ripple на 25 июня

Курс Ripple находится под сильным давлением со стороны медведей, именно поэтому недавно произошел спуск ниже $0. 50. Сопротивление нисходящей линии тренда образовалось на уровне $0. 48 на часовом графике пары XRP/USD.

2018-6-25 13:40


Анализ курса Ripple на 19 июня

Курс Ripple сформировал минимум на уровне $0.51, после чего произошел отскок, в результате которого было прорвано сопротивление нисходящей линии тренда при $0.52 на часовом графике пары XRP/USD

2018-6-19 15:14


Анализ основных криптовалютных пар на 11.06.2018

BTC/USD После того, как под воздействием бычьего импульса цена Bitcoin вышла из флэта, пара на снижении потеряла почти 13% и вчера установила минимум в точке 6627. 70 USD. Падение не было неожиданным, хотя такой интенсивности мало кто ожидал.

2018-6-11 10:42

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