XRP Price Analysis: XRP/USD Price Consolidates at $0.39 Level, Awaiting a Breakout

2019-5-22 10:55

Coinspeaker
XRP Price Analysis: XRP/USD Price Consolidates at $0.39 Level, Awaiting a Breakout

Key Highlights:The Bulls and the Bears momentum are at equilibrium in the XRP market;XRP price awaiting a breakout;traders are advised to remain flat and watch out for the breakout.XRP/USD Price Medium-term Trend: Ranging

Supply levels: $0.42, $0.46, $0.50
Demand levels: $0.39, $0.35, $0.32XRP/USD is on the ranging mode in the medium-term outlook. Formation of the ascending channel was noticed on the 4-hour chart in the XRP market last two days. XRP/USD price was increasing towards the previous high of $0.46 before it was interrupted by the Bears. XRP price returned to touch the demand level of $0.39 and the lower trend line of the channel.

On May 20, the coin broke out of the channel at the lower trend line by the Bears but lost the momentum to drive the coin down and the Bulls also have not got enough pressure to drive up the XRP price. The XRP started consolidating at the $0.39 demand level.

The 21 periods EMA and 50 periods EMA are flat horizontally at the $0.39 level without giving any specific direction and the coin consolidating directly on the 21 periods EMA; these indicate that consolidation is ongoing in the XRP market.

The Relative Strength Index period 14 is above 50 levels with the signal line flat at the level. Strong pressure from the Bears will break down the $0.39 level and the coin will target $0.35. Should the Bulls defend the $0.39 demand level and their momentum increased, the price may rally towards $0.42.

XRP/USD Price Short-term Trend: Ranging

XRP/USD is consolidating on the short-term outlook. The Bulls placed the XRP price above the $0.42 level on May 19. The following day May 20, a bearish engulfing candle emerged and the XRP price declined to $0.39 and the coin commenced consolidating at the $0.39 demand level.

The 21 periods EMA and 50 periods EMAs are interlocked to each other and it is flat horizontally at the level, the XRP price is trading directly on the two EMAs which confirm the ongoing consolidation in the XRP market. Traders are advised to watch out for the breakout before taking a position.

XRP Price Analysis: XRP/USD Price Consolidates at $0.39 Level, Awaiting a Breakout

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1856 (+6.04%)
Объем 24H $7.581b
Изменеия 24h: 9.48 %, 7d: 53.90 %
Cегодня L: $1.0851 - H: $1.1856
Капитализация $67.498b Rank 6
Цена в час новости $ 0.3989 (197.22%)

price xrp level awaiting analysis usd consolidates

Источник: coinspeaker.com

price xrp → Результатов: 126


Dogecoin Vs. XRP Price: Battle For $1 Rages On As $0.03846 ETFSwap (ETFS) Takes The Lead

As the price competition for cryptos intensifies, two popular tokens, Dogecoin (DOGE) and XRP, are racing to reach the $1 mark. However, while the Dogecoin price and XRP price chase a possible $1 rally, a new contender, ETFSwap (ETFS), leads the charge, with experts predicting its market value will skyrocket faster than its competitors.

2024-11-5 23:00


XRP Price Prediction: Ripple Whales Fail To Hold Support, Investors Move Into ETFSwap (ETFS) For 10000% Gains In 13 Days

The XRP price prediction took a different tone across the board as many market experts predict a possible bearish movement as rippling whales will fail to keep it in the green zone. The last 24 hours saw the XRP price go down by nearly 2%, hinting at investors selling as the XRP price fails to […] The post XRP Price Prediction: Ripple Whales Fail To Hold Support, Investors Move Into ETFSwap (ETFS) For 10000% Gains In 13 Days appeared first on CaptainAltcoin.

2024-10-22 23:00


Dogecoin Price To Hit $1 First Amid XRP Price Crash, But ETFSwap (ETFS) Will Get There First With 10000% Rally

The race to $1 gets heated up for Dogecoin price, XRP price, and the ETFSwap (ETFS) tokens, with all three altcoins vying for attention. However, while Dogecoin price and XRP price continue to dominate headlines, it’s the ETFSwap (ETFS) tokens that are sure to surprise everyone, thanks to their unique offerings, that propel it in […]

2024-10-11 19:00


This Pattern Signals XRP Price Will Hit $13, Predicts Crypto Trader – Here’s When

Egrag, a prominent crypto analyst, has shared a long-term prediction for XRP. He suggested a compelling price pump is around the corner based on a chart pattern known as the Nike Swoosh.  The analyst believes this pattern could lead XRP’s price to hit a target of $13, a crazy jump from its current trading price […] The post This Pattern Signals XRP Price Will Hit $13, Predicts Crypto Trader – Here’s When appeared first on CaptainAltcoin.

2024-9-26 23:00


Crypto Pundit Shuts Down Predictions Of XRP Price Hitting $1,000

A recent buzz on the X (formerly Twitter) social media platform has sparked speculation that the XRP price could hit $1,000. However, a crypto pundit has slammed these overly inflated and seemingly unrealistic predictions, pointing to market capitalization and the coin’s current fundamentals as clear obstacles to such a price surge.  Analyst Criticizes $1,000 XRP […]

2024-9-18 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

XRP Whales Are Depositing To Exchanges: Price To Drop Further?

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.

XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.

XRP Whales Go On $84 Million Buying Spree: Rally To Continue?

On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.

XRP & Litecoin See Social Media FOMO: Bad Sign For Prices?

Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.