XRP Price Analysis: XRP/USD May Experience a Bullish Breakout Towards $0.42

2019-6-14 16:59

Coinspeaker
XRP Price Analysis: XRP/USD May Experience a Bullish Breakout Towards $0.42

Key Highlights:XRP price is ranging within descending triangle;the bearish breakout may drop the price at $0.35 level;the bullish breakout may place the price at $0.42 level.XRP/USD Price Medium-term Trend: Ranging

Supply levels: $0.42, $0.46, $0.49
Demand levels: $0.39, $0.35, $0.29XRP/USD is ranging on the medium-term outlook. On June 11, XRP/USD was below $0.39 price level, the bullish engulfing candle formed on the same day increases the strength of the Bulls, the coin price was pushed up to break the barrier at $0.39 level.

XRP price equally breaks up the dynamic resistance level and moved up towards the $0.46 level. The bulls’ strength became weak and could not reach the $0.46 level. The Bears’ momentum was weak as well and the coin started consolidating at $0.39 level. XRP price formed descending triangle

The two EMAs are flat horizontally at $0.39 level and the two are close to each other with the coins hovering over the 21 periods EMA and 50 periods EMA which indicates that consolidation is ongoing. The Moving Average Convergence Divergence period 12 with its histogram is horizontally flat at zero levels and the signal lines close to each other and remain flat at the level which connotes that consolidation may continue for short time.

The coin is already exposed to $0.42 level; further increase in the Bulls’ momentum may push the coin to reach the target of $0.46 level. Should the Bears have enough pressure to break down the demand level of $0.39, XRP price may descend to the previous low level of $0.35.

XRP/USD Price Short-term Trend: Ranging

XRP/USD continue its ranging in the short-term outlook. The price action on the 1-hour chart has led to the formation of a descending triangle pattern. XRP price is ranging within the triangle. The breakout is imminent and it depends on the momentum of the Bulls or the Bears. The Bullish breakout may place the price at $0.42 level while the bearish breakout may drop the price at previous low at $0.35.

XRP Price Analysis: XRP/USD May Experience a Bullish Breakout Towards $0.42

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xrp price may towards experience breakout usd

Источник: coinspeaker.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.

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