XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

2019-1-23 09:29

CoinSpeaker
XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

Key Highlights: Another ranging movement on the XRP market; the bears still hold control of the market; traders should exercise patient before placing a trade. XRP/USD Price Long-term Trend: Ranging

Supply levels: $0.33, $0.38, $0.42
Demand levels: $0.28, $0.25, $0.22On the long-term outlook, XRP/USD resumes another range-bound movement. Another sideways movement commenced shortly after the coin broke out of the sideways movement that took place on December 27 till January 10 by the big bearish candle that broke down the former demand level of $0.33. The XRP price started consolidating below the $0.33 price level. The XRP price will remain on this state of consolidation until there is a breakout on either side of the range level.

The $0.28 demand level is already been exposed. XRP price is trading below the 21-day EMA and 50-day EMA and the two EMAs are fanned apart which indicate the bearish pressure in the XRP market. Should the bears defend the supply level of $0.33 the coin may fall to the $0.25 price level. In case the XRP price decline to the previous low of $0.28 and the price bounces then the traders should look for an opportunity to place a long position and take their profit at $0.38 price level.

The Relative Strength Index period 14 is at 40 levels flat horizontally at the level implies that the consolidation movement may continue for a short period of time.

XRP/USD Price Medium-term Trend: Bearish

XRP/USD is on the bearish trend on the medium-term outlook. The cryptos maintain its bearish trend last week. The bulls made attempts to break up the supply level of $0.33 on January 19 but were resisted and the coin resumed its bearish trend. Currently, the XRP price is below the 21-day EMA and the 50-day EMA is above the two.

The Relative Strength Index period 14 is at 50 levels horizontally flat at the level without showing direction indicates that ranging movement is ongoing and may take few hours before the breakout.

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XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

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xrp price 2019 analysis usd trends january

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.

2024-9-18 16:00


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