Ripple (XRP) Price Analysis (May 12)

2020-5-12 12:01

Key Highlights

• XRP/USD now features series of lower swing lows than lower swing highs below a $0.20 mark.
• $0.18 remains a critical price line of XRP/USD bearish trend.
• Bears will stop around $0.16 if more selling forces occur beyond a $0.18 price line.

Ripple (XRP) Price Analysis

• Major distribution territories: $0.22, $0.24, $0.26
• Major accumulation territories: $0.18, $0.16, $0.14

XRP/USD trade now moves in a range featuring series of lower swing lows than lower swing highs below a price line of $0.20. Despite an initial push past $0.18 mark on May 10, an accumulation territory yet found at the trading line. Price now fluctuates around the $0.20 point.

The bulls are facing a point around the $0.20 and, a relaxation of energy at that area; will result in letting down the market values to revisit a low point around $0.16 accumulation area afterward. All that said, the bears may keep the XRP/USD market in a prolonged-range moving mote, especially while volatile price moves are not in play.

Ripple Technical Indicators Reading

The Middle Bollinger Band trend-line is underneath the 50-day SMA trading indicator and, they both point towards the south-east direction over the market trading line. There is a formation of a line of small candlesticks denoting an ongoing choppy price moves in XRP/USD trade. The Lower Bollinger Band trend-line is now attempting to straight-up flat at a $0.18 mark. That showcases it as a key line that sellers will contend within their path-moving to the south at a later trading period. The Stochastic Oscillators have continued to consolidate closer to range 40 from the top.

Conclusion

There potentially seems that XRP/USD market operations will witness a prolonged-range trading moves around a $0.20 mark for a while. On the downside, the bears will have to push below the $0.18 current accumulation area to find a sit around the next value of $0.16. Meanwhile, if that assumption plays out, there’ll be a formation of reversal price moves in no time.

 

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.2312 (+0.42%)
Объем 24H $8.769b
Изменеия 24h: 1.84 %, 7d: -10.19 %
Cегодня L: $2.2219 - H: $2.2676
Капитализация $127.743b Rank 4
Цена в час новости $ 0.1983 (1025.16%)

xrp lower swing usd price around remains

Источник: bitcoinexchangeguide.com

xrp lower → Результатов: 126


Ripple Price Analysis: XRP Approaches Lower Boundary of Trading Range — Can the Bulls Defend This Critical Level?

Support for XRP moving forward: $0.3118, $0.3106, $0.3028, $0.2989, $0.2858. Resistance for XRP moving forward: $0.3291, $0.3361, $0.3449, $0.3635,… The post Ripple Price Analysis: XRP Approaches Lower Boundary of Trading Range — Can the Bulls Defend This Critical Level? appeared first on Invest In Blockchain.

2019-1-22 14:10


Ripple XRP Price Recovers Since 0x Project [ZRX] Listing

Ripple’s digital currency XRP was on a downward spiral at the start of this month. The downward spiral was catalyzed by a bearish divergence which took place between price and RSI. The bearish divergence resulted in price forming higher highs while RSI formed a lower high, indicating that price continued to increase despite buying pressure […] Ripple XRP Price Recovers Since 0x Project [ZRX] Listing was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-24 17:04


Ripple’s Digital Currency XRP Forms Lower High! Set to Return to Downside?

While the market leader Bitcoin has returned to consolidation with low volume trading, the third largest cryptocurrency by market capitalization has been making some significant movements. Ripple’s digital currency had been on a downward spiral since a bearish divergence occurred between price and RSI at the start of October.

2018-10-18 18:44


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Big US Banks Exploring Using Bitcoin as Collateral Against Cash Loans, Fidelity Rolls-out the Service for Institutions

Fidelity Digital Assets is set to allow its institutional customers to use Bitcoin as collateral against cash loans. This new service is for those BTC investors who want to turn their holdings into cash but don’t want to sell their crypto assets either, said Tom Jessop, president of Fidelity Digital Assets, in a statement this […] The post Big US Banks Exploring Using Bitcoin as Collateral Against Cash Loans, Fidelity Rolls-out the Service for Institutions first appeared on BitcoinExchangeGuide.