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.

origin »

Ripple (XRP) на Currencies.ru

$ 1.8612 (-0.36%)
Объем 24H $1.884b
Изменеия 24h: -0.62 %, 7d: -0.04 %
Cегодня L: $1.8608 - H: $1.8674
Капитализация $112.738b Rank 5
Цена в час новости $ 0.3124 (495.77%)

xrp price medium-term usd trend ranging update

Источник: zycrypto.com

xrp price → Результатов: 126


Banks Could Favor A Higher XRP Price, Finance Expert Says

XRP has continued to trade lower as crypto prices weaken across the board, with the total market shedding more than $1. 3 trillion since October. Related Reading: Bitcoin Feels The Weight Of Quantum Risk Concerns, Industry Leaders Warn During the past three months, XRP has dropped more than 30%, keeping pressure on sentiment even as some commentators argue the token’s purpose goes far beyond short-term price moves.

2025-12-21 00:00


XRP Dominates Institutional Inflows, But Why Is Price Still Low?

XRP is at the center of the institutional flows, leading the crypto market in streaks of capital inflows even as its price is locked around $2. Recent data shows that money is still entering into Spot XRP ETF products, but despite this steady demand and a clear shift toward bullish sentiment across social platforms, XRP’s spot price has struggled to break higher, and this raises questions as to why inflows and price action appear out of sync.

2025-12-16 01:00


XRP price ETFs unable to affect price as XRP drops 5%, is the market eyeing a new payment token?

The xrp price has come under pressure again, even as spot XRP ETFs continue to attract attention from traditional finance. The market remains focused on whether institutional inflows will eventually translate into stronger momentum, but sentiment this week suggests traders are looking at alternative payment-focused assets for stability.

2025-11-16 15:39


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Whale Inflows Dampen XRP ETF Optimism As Selling Pressure Persists

Expectations around XRP exchange-traded funds were seen as a turning point that could unlock new institutional demand and change XRP’s price structure in favor of buyers. However, recent on-chain data suggests the price response has diverged immensely from that narrative.