XRP Price Update: Currency is Gathering Momentum for Bullish Breakout

2019-3-14 21:23

Supply zones: $0.32, $0.34, $0.36

Demand zones: $0.30, $0.28, $0.26

XRP/USD Medium-term Trend: Ranging

On the medium-term outlook, XRP/USD is on the ranging trend. On February 25, the bears took over the XRP market by forcefully pushed the XRP price from the high of $0.34 towards $0.32 price level. The bearish pressure broke down the $0.32 price level, eventually found its low at $0.30 price level.

The Bulls prevented a further decrease in the price of XRP price by the formation of a bullish engulfing candle which pushed up the coin towards $0.32. The bulls were unable to break up that level, then, sideways movement commenced.

The XRP started trading directly on and around the 21-day EMA and the 50-day EMA in which the two EMAs are interlocked to each other horizontally flat without direction which confirms that consolidation is ongoing in the XRP market.

However, the Relative Strength Index period 14 is at 50 levels with the signal line pointing down which indicates sell signal. In case the demand level of $0.30 holds the bulls will push the coin to break up the supply level of $0.32 and expose the $0.34 price level.

XRP/USD Short-term Trend: Bearish

XRP/USD is on the bearish trend on the short-term outlook. There was a sudden bullish breakout on March 13 after several days of consolidation on 1-Hour chart. The strong massive bullish candle formed penetrated the supply zone of $0.32 upside and the XRP price was heading towards $0.34 price level before it was interrupted by the bears. The bearish upper long tail candle was formed which indicates the influx of sellers into the XRP market. Since then the coin has been declining towards the south.  

Forecast

The crypto has already broken down the two EMAs and it is trading below the EMAs with more bearish candles emerging. There is a high possibility that XRP will experience a bullish breakout as the Relative Strength Index period 14 is confined to the 50 levels with signal line bending up. Nevertheless, XRP price may have its holding target at $0.31-$0.35.

The post XRP Price Update: Currency is Gathering Momentum for Bullish Breakout appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1308 (+0.08%)
Объем 24H $6.687b
Изменеия 24h: -0.85 %, 7d: 56.27 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $64.38b Rank 6
Цена в час новости $ 0.3124 (261.97%)

xrp price medium-term usd trend ranging update

Источник: zycrypto.com

xrp price → Результатов: 126


Фото:

XRP Price Prediction: XRP To Reach A Project Price Of $5, While This Solana Killer Eyes 20,000% Gains

Finally, the XRP price is eyeing a long-anticipated breakthrough to the $5 mark. With recent market dynamics in play, the XRP price has positioned itself for an increase, but there’s a new player in the spotlight: WallitIQ (WLTQ), a crypto asset that’s gaining attention as a potential “Solana killer.” Analysts […]

2024-11-11 03:00


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


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru