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.

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xrp price breakout levels bearish support trend

Источник: zycrypto.com

xrp price → Результатов: 126


Seasoned Trader Eyes $35 For XRP, Says It’s Not As Crazy As It Sounds

A well-experienced trader recently got significant attention after making a bold statement that an XRP price hike could be somewhere between $30 to $35 based on his assumptions of the market. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable.

2024-10-29 18:00


XRP Price Growth: Analyst Breaks Down The Movements And Why It’s So

The reason behind the stagnant XRP price growth has remained a mystery, with many crypto analysts pointing to legal disputes and market volatility as key factors holding back its momentum. However, even during favorable market conditions and after gaining legal clarity following multiple Ripple Court wins against the United States Securities and Exchange Commission (SEC), XRP has still failed to experience a notable upward surge.

2024-10-16 23:00


XRP Price Set for Explosive Rally, Analyst Shares Timeline

XRP is getting close to a crucial level, and experts expect an upcoming breakout. Analyst EGRAG CRYPTO tweeted that XRP is likely to swing s in price during the next 15 to 30 days.  Complementing a thorough chart, the tweet highlighted important levels of support and resistance, therefore suggesting possible price targets for the short […] The post XRP Price Set for Explosive Rally, Analyst Shares Timeline appeared first on CaptainAltcoin.

2024-10-16 22:30


XRP Price Set To Reach $40 As Dogecoin’s Price Readies To Move 10,000% To $10

A recent analysis by a crypto analyst identified as ’Steph The Crypto’ is riling up the Ripple (XRP) community, as the analyst predicts a rapid surge in XRP’s price to $40. This pump could potentially place Ripple (XRP) in competition with top cryptocurrencies like Dogecoin, and ETFSwap (ETFS), both expected to experience explosive gains— Dogecoin […] The post XRP Price Set To Reach $40 As Dogecoin’s Price Readies To Move 10,000% To $10 appeared first on CaptainAltcoin.

2024-9-18 16:00


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