Ripple Price Analysis: XRP/USD Uptrend Intact For This Reason

2018-11-8 06:43

Ripple price rallied this week and broke key resistances at $0.4750 and $0.4950 against the US Dollar. XRP/USD remains well bid on the downside around $0.5000.

Key Talking Points

Ripple price traded above the $0.5650 level recently before correcting lower against the US Dollar. XRP/USD is about to settle below a triangle support at $0.5290 on the 2-hours chart (Data feed via Bitstamp). XRP price is likely to extend the current correction towards the $0.5060 or $0.4920 support. Ripple Price Forecast

This week, there was a solid bullish wave from the $0.4600 swing low in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.4750 and $0.4950 resistance levels.

Looking at the chart, the price gained momentum above the $0.5000 level and the 100 simple moving average (2-hours). Buyers took control and pushed the price above the $0.5200 and $0.5500 levels. A new monthly high was formed at $0.5655 before sellers appeared.

Later, the price started a downside correction and traded below the $0.5450 level and the 23.6% Fib retracement level of the last leg from the $0.4470 low to $0.5655 high. More importantly, the price traded in a contracting triangle for a few hours and it recently declined below the $0.5350 support.

Besides, the pair is about to settle below a triangle support at $0.5290 on the same chart. If there is a 2-hour close below $0.4290, the price may perhaps decline further towards the $0.5060 support.

The $0.5060 is a decent support since it is the 50% Fib retracement level of the last leg from the $0.4470 low to $0.5655 high. Below $0.5060, the next major support is near the $0.4750 level, which acted as a resistance on many occasions earlier and now it coincides with the 100 simple moving average (2-hours).

Therefore, dips from the current levels in ripple price remains well supported near the $0.5060 or $0.4750 levels. The overall market sentiment is positive and buyers are likely to take control again once the current correction is complete below $0.5200.

The market data is provided by TradingView.

The post Ripple Price Analysis: XRP/USD Uptrend Intact For This Reason appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.2055 (-2.89%)
Объем 24H $11.525b
Изменеия 24h: -2.25 %, 7d: -8.70 %
Cегодня L: $2.1858 - H: $2.2889
Капитализация $126.269b Rank 4
Цена в час новости $ 0.5023 (339.08%)

xrp usd price ripple key against dollar

Источник: ethereumworldnews.com

xrp usd → Результатов: 126


Фото:

What Does XRP’s Breakdown Indicate for the Future Movement?

In the beginning of May, both the XRP/USD and XRP/BTC pairs broke down from important support levels, possibly indicating that the previous upward trend has ended. While the XRP/BTC price had been previously showing signs of weakness, the XRP/USD decrease was more unexpected, possibly occurring as a result of the decrease in the price of […] The post What Does XRP’s Breakdown Indicate for the Future Movement? appeared first on BeInCrypto.

2020-5-13 07:20


Ripple-Promoted Token Price Analysis XRP / USD: The Moment Of Truth

The Ripple-promoted token has a bearish short-term trading bias, with the XRP / USD pair remaining below its 200-period moving average on the four-hour time frame A bearish head and shoulders pattern is still in play on the four-hour time frame The daily time frame shows that the XRP / USD pair is pressing against […] The post Ripple-Promoted Token Price Analysis XRP / USD: The Moment Of Truth appeared first on Crypto Briefing.

2019-8-8 17:45


Ripple-Promoted Token Price Analysis XRP / USD: Weakening Positions

Ripple has a bearish short-term trading bias, with the XRP / USD pair remaining under technical selling pressure The head and shoulders pattern on the four-hour time frame has yet to reach its overall downside objective The daily time frame shows that the XRP / USD remains trapped inside a narrowing wedge pattern Ripple / […] The post Ripple-Promoted Token Price Analysis XRP / USD: Weakening Positions appeared first on Crypto Briefing.

2019-7-23 16:48


 98 из топ-100 криптовалют торгуются в красной зоне

Утром 11 ав­гу­ста рынок крип­то­ва­лют ушёл в минус. По дан­ным Сoinmarketcap, раз­ные мо­не­ты де­мон­стри­ру­ют па­де­ние до 23,5%, а бит­ко­ин устре­мил­ся к $6000. Как пишет Insider. pro, в пер­вой де­сят­ке наи­худ­шие ре­зуль­та­ты за сутки де­мон­стри­ру­ют эфир (ETH/USD) и XRP (XRP/USD), по­те­ряв­шие 11,55% и 11,29% со­от­вет­ствен­но.

2018-8-11 12:01


Анализ курса Ripple на 12 июля

Сейчас Ripple находится ниже ключевого уровня сопротивления, $0.45. Торговля по-прежнему ведется внутри нисходящего канала, сопротивление которого расположилось при цене в $0.4480 на часовом графике пары XRP/USD

2018-7-12 12:40


дальше еще 77 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.