XRP Price Could Reclaim $0.25 Based on the 3 Day Chart

XRP Price Could Reclaim $0.25 Based on the 3 Day Chart
фото показано с : ethereumworldnews.com

2020-4-9 15:21

Quick take:

XRP’s price briefly tested $0.20 as a result of the crypto market resurgence. If this momentum is maintained, it could reclaim $0.25 and turn it into support based on the 3 Day XRP/USD chart. However, gains exhibited by all cryptocurrencies might still be vulnerable to the global effects of the Coronavirus.

The majority of seasoned cryptocurrency traders use the macro time-frames of any digital asset chart to determine the general trend without being distracted by the noise of the lower time frames. In the case of Bitcoin, the 3-day chart is widely used to determine on which direction BTC is headed. In this regard, the 3 day Bitcoin chart highlights the possibility of BTC reclaiming $8,000 due to the Bitcoin halving a month away. The hype surrounding the event could assist XRP’s price in regaining the psychological support of $0.25.

What the XRP/USDT 3 Day Chart Tells Us 3 Day XRP/USD chart courtesy of Tradingview.com

On a macro level and on the 3-day chart, we gather the following information regarding the direction of the price of XRP in the market.

The 3-day MACD is about to cross in a bullish manner below the baseline. Trade volume is in the green and has increased since the month of April begun. Its MFI is yet to become high and is valued at 46. XRP’s price might continue to go up achieving a local top around the same time as the Bitcoin halving in May 2020. However, the price has to contend with the 50 (white) 3-day moving average as resistance to find a top above $0.25. Additionally, any negative news with regards to the war against COVID19 might affect the cryptocurrency markets as well. Conclusion

Looking for valuable information on higher time frames such as 3-day and weekly is one method used by keen traders to note the general trend of major cryptocurrencies. These larger timeframes provide market information that can be vital in times such as this with the effects of COVID19 on the global financial system. In the case of XRP, the coin is exhibiting bullish momentum that might peak at the same time the Bitcoin halving occurs. Between now and then, XRP might just reclaim the psychological support of $0.25.

(Feature image courtesy of KAL VISUALS  on Unsplash.com.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

origin »

Ripple (XRP) на Currencies.ru

$ 2.1172 (-0.53%)
Объем 24H $5.881b
Изменеия 24h: 5.42 %, 7d: -8.41 %
Cегодня L: $2.0147 - H: $2.1391
Капитализация $121.546b Rank 4
Цена в час новости $ 0.1995 (961.25%)

xrp could chart price day reclaim based

Источник: ethereumworldnews.com

xrp could → Результатов: 126


Фото:

David Schwartz: Ripple Is Working On ‘Very Exciting’ Features That Could Allow Creation Of Stablecoins On the XRP Ledger

A number of changes on the XRP ledger could be looming, including one that could allow the creation of tokens backed by some assets. Ripple’s Chief Technology Officer, David Schwartz, recently revealed that they are working on “very exciting” features to improve the XRP ledger in terms of functionality, subsequently expanding XRP’s use cases. Stablecoins […]

2020-2-29 22:57


XRP To Hit $300 In Less Than 9 Months If 2019 Goes The 2017 Way

Someone just made one heck of a wild twitter post that’s now blowing up the internet. It’s The Crypto Dog, and he’s talking about the XRP price in 2019. According to the particular tweet, The Crypto Dog opines that XRP could hit the price as high as $300 in the next 9 months, but there’s […] The post XRP To Hit $300 In Less Than 9 Months If 2019 Goes The 2017 Way appeared first on ZyCrypto.

2019-4-10 10:00


New SharesPost Report On The XRP Company: ‘Could A Ripple IPO Be An Attractive Investment?’

Could A Ripple IPO Be An Attractive Investment? A cryptocurrency exchange that trades in Ripple equity has released a recent report related to the viability of an IPO and how successful it could be. Researchers believe that it could be difficult for Ripple to be competitive in this market, but its technology could be adopted […]

2019-4-8 22:24


Are XRP Holders, Holding the Future Global Currency?

Did you know it’s often highlighted that the early emerging companies that receive the most backlash are also some of the projects that tend to go on to change how the world operates? Could we be seeing this again with Ripple & XRP? They say history doesn’t repeat itself but it often rhymes! So what […] The post Are XRP Holders, Holding the Future Global Currency? appeared first on ZyCrypto.

2019-4-2 10:38


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Breaks Out of Two-Year Downtrend Against Bitcoin and the Dollar

XRP is the talk of the crypto space today, after rallying over 7% in a matter of minutes towards a high of 27 cents per XRP token. The surge is the result of a breakout on both the XRP/USD and XRP/BTC trading pairs, indicating that Ripple will so rally against the dollar and Bitcoin itself.... The post appeared first on NewsBTC.

Double-Digit Price Rally Takes XRP to Six Month High

While most of the crypto markets have experienced a massive price rally, with Bitcoin only lagging slightly behind following its weekend leap, XRP has been one of the highest gainers on the day. After struggling.

XRP Supported for R3 Consortium’s New Payment Application

R3, an enterprise blockchain software firm, launched Corda Settler, an application that settles international payments within a corporate network – and it supports XRP. The open-source application comes as a part of a bigger CorDapp package.

Crypto Price Watch: Market Slump Continues as XRP, ETH, XLM See Red

After it appeared as though a few early signs of recovery were beginning to set in for Bitcoin, the price of the premier crypto asset once again plunged below the $4,000 mark early today morning (after having scaled back to a somewhat respectable price point of around $4,300).