XRP Price Analysis: Bears Take Control Of the Market, Bullish Breakout Imminent

2018-10-30 22:06

XRP/USD Medium-term Trend: Bearish

Resistance Levels: $0.48, $0.50, $ 0.57

Support Levels: $0.43, $0.41, $0.40

Yesterday, September 28, XRP price was in a sideways trend. Since after the bearish breakout on October 18 the cryptocurrency had been fluctuating between the levels of $0.48 resistance level and $0.44 support level. Today, the price of the cryptocurrency is falling as it has reached the previous low at $0.43.

Currently, the XRP is experiencing price pullback by the bears and the lower level of price was not broken, that should have been an opportunity to initiate a long trade. Therefore, traders can look out to initiate a long trade at the lower level of price, if the price falls to break the lower level of a price range $0.43.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In the same vein, the XRP price is below the 21-day EMA and the 50-day EMA which indicates that a bearish trend is ongoing.

XRP/USD Short-term Trend: Bearish

XRP was consolidating yesterday on the 1-Hour chart. Today, the coin was bearish with the formation of strong bearish candles, the coin was moved to the low level of the bound range (support level of $0.43). The bears were unable to break the level, therefore, the bulls took over the market and rally to the north which may be a price retracement.

The 21-day EMA has crossed the 50-day EMA downside and the price is below the 21-day EMA and 50-day EMA which indicates that price is falling. Moreover, the MACD histogram is below the zero line and the signal lines are pointing to the south which indicates a sell signal.

The post XRP Price Analysis: Bears Take Control Of the Market, Bullish Breakout Imminent appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.4896 (+0.04%)
Объем 24H $802.561m
Изменеия 24h: 2.55 %, 7d: -0.79 %
Cегодня L: $0.4885 - H: $0.4925
Капитализация $27.208b Rank 7
Цена в час новости $ 0.4548 (7.65%)

xrp price breakout levels bearish support trend

xrp price → Результатов: 126


Фото:

Crypto Analyst Predicts XRP Price Breakout Of Critical Zone, Sets Target As High As $7.5

A crypto analyst has boldly predicted a significant price breakout for the XRP price, setting a target as high as $7.5 despite the cryptocurrency trading below $1 presently. While this projection may seem ambitious, if realized, it would mark new all-time highs for XRP, decisively ending the cryptocurrency’s years-long downward trend. XRP’s Roadmap To $7.5 […]

2024-6-12 02:00


Technicals Reveal Ripple’s XRP Price May Break Out Above $1.5 and Rally to $7.5 – Here’s How

A new technical formation takes shape on the Ripple (XRP) price chart, which has renewed the possibility of a potential surge. According to EGRAG Crypto, a renowned crypto analyst, a white Triangle pattern is emerging, incorporating highs from 2021, and it heralds the arrival of the “Genuine Wake-Up Line” – a potential catalyst for a […] The post Technicals Reveal Ripple’s XRP Price May Break Out Above $1.

2024-5-20 11:45