Ripple Price Analysis: XRP/USD Sighting Upside Break Above $0.55

2018-9-28 10:30

Key Highlights

Ripple price is holding gains above the $0.5100 support level against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.5550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may perhaps break the $0.5500 and $0.5550 resistance levels in the near term.

Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD is likely to surge above $0.5550 to test the $0.6000 resistance level.

Ripple Price Analysis

There was a minor downside correction from the $0.5730 swing high in Ripple price against the US Dollar. The XRP/USD pair declined and traded below the $0.5400 support level. There was even a break below the $0.5200 level and the 100 hourly simple moving average. However, losses were contained by the $0.5000 support area. The price formed a low at $0.4968 and later recovered.

It traded above the 50% fib retracement level of the last decline from the $0.5739 high to $0.4968 low. There was a decent upward move above the $0.5400 level and the 100 hourly SMA. However, the upside move was capped by the $0.5550 level. More importantly, yesterday’s highlighted important bearish trend line is intact with resistance at $0.5550 on the hourly chart of the XRP/USD pair. The 76.4% fib retracement level of the last decline from the $0.5739 high to $0.4968 low is also near $0.5557. Therefore, an upside break above the $0.5500 and $0.5550 resistance levels could open the doors for more gains.

Looking at the chart, ripple price is trading nicely above the $0.5200 support and the 100 hourly SMA. Dips towards $0.5150 remains supported and buyers may soon make an attempt to surpass $0.5500 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly flat in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is above the 50 level with positive signs.

Major Support Level – $0.5200

Major Resistance Level – $0.5500

The post Ripple Price Analysis: XRP/USD Sighting Upside Break Above $0.55 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.112 (-0.76%)
Объем 24H $6.652b
Изменеия 24h: -1.25 %, 7d: 56.93 %
Cегодня L: $1.0851 - H: $1.132
Капитализация $63.307b Rank 6
Цена в час новости $ 0.5391 (106.27%)

break above usd price ripple xrp resistance

Источник: newsbtc.com

break above → Результатов: 126


Bitcoin’s corrective rally is struggling to gain momentum as trading volumes drop to the lowest levels since late last year. The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from

The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from the two-week lows. However, so far, the break above $6,400 has remained elusive, likely due to low investor interest.

2018-7-16 16:16


Bitcoin Price Analysis – Bullish Golden Cross on the Hourly?

$6400 was acting as a significant resistance level for Bitcoin’s price, however, over the last hour, the price has managed to break to the upside and is currently trading above the $6500 level. The move up over the last hour was on significant volume showing there is some weight behind the move which contrasts heavily with […] Bitcoin Price Analysis – Bullish Golden Cross on the Hourly? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-16 15:04


Фото:

Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

2018-7-1 19:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP достиг $1 раньше Dogecoin и Cardano

XRP ошеломил крипторынок, превысив $1, опередив Cardano (ADA) и Dogecoin (DOGE). До этого скачка криптосообщество было вовлечено в дебаты о том, какие активы среди XRP, ADA и DOGE первыми достигнут отметки $1.

XRP Crosses $1: What’s Next?

XRP has surged past the $1 threshold for the first time since December 2021. This breakthrough comes as investors closely watch the token’s trajectory, buoyed by significant legal victories and shifting regulatory sentiments.

XRP breaks $1, hits 3 year high as open interest goes above $2 billion

Ripple’s XRP has reached a three-year high, surpassing $1 as open interest in the digital asset hit an all-time peak of over $2 billion. Over the weekend, XRP briefly touched $1. 19, its highest level since 2021, before settling around $110, according to CryptoSlate’s data.

XRP price surged to $1: will Stellar Lumens XLM be next?

Ripple’s price has gone parabolic, rising for three consecutive weeks as investors respond positively to Donald Trump’s election and its potential impact on the cryptocurrency market. Ripple (XRP) token crossed the important resistance at $1 for the first time since…