Ripple Price Analysis: XRP/USD Could Climb Above $0.3400

2018-8-23 09:11

Ripple price decline remained supported near $0.3050-0.3100 against the US Dollar. XRP/USD is showing positive signs and it could move above $0.3350 and $0.3400.

Key Talking Points

·       Ripple price is trading above the $0.3050 and $0.3090 support levels against the US Dollar.

·       There was a break below a key bullish trend line with support at $0.3360 on the 2-hours chart of the XRP/USD pair (Data feed via Bitstamp).

·       XRP price trading with bullish moves above $0.3000 and the 100 SMA (2-hours).

Ripple Price Forecast

After a decent rise above the $0.3600 level, Ripple price faced sellers near the $0.3700 level against the US Dollar. The XRP/USD pair formed a short-term top near the $0.3735 level and later started a downside move.

Looking at the chart, the price declined below the $0.3450 level and settled below the $0.3500. There was also a break below the 38.2% Fib retracement level of the last wave from the $0.2452 low to $0.3739 high.

Moreover, there was break below a key bullish trend line with support at $0.3360 on the 2-hours chart of the XRP/USD pair. The pair tested the $0.3050 and $0.3090 support levels, which acted as a solid buy zone. The 50% Fib retracement level of the last wave from the $0.2452 low to $0.3739 high is also a decent support.

Additionally, the 100 SMA (2-hours) is acting as a pivot zone and it could act as a catalyst for an upside move above the $0.3400 and $0.3500 levels.

Should there be a break below the $0.3090 and $0.3050 support levels, there could be more losses in the near term. The next important support is $0.2900, below which, the price may perhaps trade towards the $0.2800 level.

On the upside, the $0.3400 level is an initial resistance, above which, the price could test the $0.3500 level. Overall, the market sentiment is bullish above the $0.3090 level, which will most likely push ripple price towards the $0.3500 level in the near term.

The market data is provided by TradingView.

The post Ripple Price Analysis: XRP/USD Could Climb Above $0.3400 appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.5675 (+1.80%)
Объем 24H $45.862b
Изменеия 24h: -2.32 %, 7d: 85.99 %
Cегодня L: $2.3674 - H: $2.8575
Капитализация $146.479b Rank 3
Цена в час новости $ 0.3275 (683.97%)

ripple above price xrp usd 3400 could

Источник: ethereumworldnews.com

ripple above → Результатов: 55


Ripple Price Analysis: XRP/USD Stable Above 30 Cents, Fundamentals to Propel Prices Above 40 Cents

Latest Ripple News Thing is, there is a lot of development as far as Ripple’s XRP adoption is concerned. As a network–whose main objective is to provide bankers with a better, faster and more efficient alternative while taking on the dominant, 40-year old mainstay SWIFT–expand, Ripple’s executives are working overtime not only for them to […]

2018-12-5 17:17


дальше еще 6 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Криптовалютные донаты для Трампа достигли $7,5 млн

На днях стало известно, что Дональд Трамп собрал $7,5 млн в виде криптовалютных пожертвований. Донаты поступают в BTC, ETH и других криптовалютах. За этой поддержкой стоят серьезные фигуры: Тайлер и Кэмерон Уинклвоссы из Gemini, CEO BitGo Майк Бэлше и Стюарт Альдероти из Ripple.