Ripple Price Analysis: XRP/USD Holding Key Support

2018-7-5 09:30

Key Highlights Ripple price is following a bullish path above the $0.4750 pivot level against the US dollar. There is a major bullish trend line in place with support at $0.4900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current upside move as long as it is above $0.4800 and $0.4750.

Ripple price is holding important support levels against the US Dollar and Bitcoin. XRP/USD is likely to move further higher above the $0.5050 level in the near term.

Ripple Price Trend

Yesterday, there was a minor upside wave above the $0.4900 level in Ripple price against the US Dollar. After forming a low near the $0.4750 support, the price moved higher. There was a break above the 50% Fib retracement level of the last decline from the $0.5204 high to $0.4750 low. The XRP/USD pair traded above the $0.5000 level, but upsides were capped by the $0.5050 resistance.

Moreover, the 61.8% Fib retracement level of the last decline from the $0.5204 high to $0.4750 low also acted as a resistance. The pair dipped once again, but declines were protected by the $0.4900 support zone. There is also a major bullish trend line in place with support at $0.4900 on the hourly chart of the XRP/USD pair. The pair is currently trading nicely above the $0.4900 support and the 100 hourly simple moving average. A break below $0.4900 may perhaps push the price towards the $0.4750 support zone.

Looking at the chart, the price must clear the $0.5000 and $0.5050 resistance levels to gain traction. Above $0.5050, the price could revisit the $0.5200 zone. The overall price action is positive as long as the price is above the $0.4750 support area.

Looking at the technical indicators:

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

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

Major Support Level – $0.4900

Major Resistance Level – $0.5050

The post Ripple Price Analysis: XRP/USD Holding Key Support appeared first on NewsBTC.

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Источник: newsbtc.com

support ripple → Результатов: 31


Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org

Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin. Take, for example, Ripple’s mission to establish an Internet of Value: a world where money can move like information.

2018-6-17 12:50


Growing Support for an XRP Symbol

Over the past month, we’ve watched and listened as a grassroots movement to create an XRP symbol has taken shape within the XRP community. In tweets, forums and blogs, members underscored that Ripple is just one entity using XRP to solve real business problems around the world, and in this way, using Ripple’s name or … Continued The post Growing Support for an XRP Symbol appeared first on Ripple.

2018-6-17 01:00


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