Ripple (XRP) Price Analysis (May 7)

2020-5-7 11:24

Key Highlights

• XRP/USD market now sees lower lows a bit below its $0.22 range trading line.
• XRP/USD market may have to prolong range-trading around the point earlier mentioned.
• A forceful downward move below the range $.22 range trading level will stop around a support level at $0.20.

Ripple (XRP) Price Analysis

• Major resistance levels: $0.24, $0.26, $0.28
• Major support levels: $0.20, $0.18, $0.16

XRP has been somewhat overwhelmed by the US dollar as its valuation now sees lower lows below a range trading level at $0.22 mark. The USD has continued to hold back the crypto from swinging upward further past a $0.24 high value it achieved on April 30 trading sessions.

In the meantime, bears have not been able to lower the crypto’s value down to a near support level at $0.22 point. Therefore, XRP/USD market may have to prolong range-trading around the point earlier mentioned.

Ripple Technical Indicators Reading

Until today, the Bollinger Band trend-lines are around a line at $0.22, pointing towards the east direction. X The 50-day SMA trading indicator has briefly crossed the Middle Bollinger Band from below and, yet, it also points to the same direction. That shows that the crypto-market still faces a range trading situation. The Stochastic Oscillators have now placed between ranges of 80 and 40. But, they are now attempting to cross at range 40. That signals that bulls are bracing up to make a come-back.

Conclusion

XRP/USD bulls have had some resistance levels to contend with since bears have held price movements into a visible line of range trading conditions around $0.22 point. A forceful downward move below the range $.22 range trading level will stop around a support level at $0.20.

 

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

$ 2.2614 (+0.29%)
Объем 24H $12.047b
Изменеия 24h: 0.57 %, 7d: -5.54 %
Cегодня L: $2.1858 - H: $2.2889
Капитализация $129.469b Rank 4
Цена в час новости $ 0.2147 (953.28%)

xrp below usd may range market range-trading

Источник: bitcoinexchangeguide.com

xrp below → Результатов: 126


XRP breaks below $0.3 as Crypto market takes another widespread hit from the Bears

XRP appears to be on the verge of a major market crisis, one that has succeeded in subduing most cryptocurrencies and leaving them with losses in both trading price and volume. Cryptocurrency traders have been applauding the token for its promising future after it dethroned Ethereum to become the world’s second most valued cryptocurrency, right […] The post XRP breaks below $0.

2018-12-12 22:35


Ripple (XRP/USD) Price Analysis: Breakout Direction—Above 40 cents or Below 30 Cents– Will Define Short to Medium Term Trajectory of XRP

Latest Ripple News Look at it this way: 2018 has been bearish and some assets are down >95 percent from 2017 peaks. Regardless, base activity is on the rise. Of course, compared to early last year, mentions of XRP, Bitcoin and even crypto was minimal only exploding late last year thanks to the precipitous rise […] The post Ripple (XRP/USD) Price Analysis: Breakout Direction—Above 40 cents or Below 30 Cents– Will Define Short to Medium Term Trajectory of XRP appeared first on Ethereum World News.

2018-12-5 15:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP обновил трехлетний максимум в районе $1,7

XRP вырос до $1,6833, обновив максимум начавшегося в ноябре восходящего движения. Последний раз котировки выше текущих значений были в апреле 2021 года, с тех пор актив торговался ниже. Часовой график XRPUSDT биржи Binance.

Ripple and CEO Brad Garlinghouse’s Top 5 Crypto Wins of 2022

It's been a challenging year for many in crypto, but for Ripple Labs and chief executive Brad Garlinghouse, 2022 has brought a number of successes. The post Ripple and CEO Brad Garlinghouse’s Top 5 Crypto Wins of 2022 appeared first on BeInCrypto.