Ripple Price Analysis: XRP/USD Trading With Positive Signs

2018-8-3 10:00

Key Highlights Ripple price held the $0.4270 support once again and remained well bid against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair bounced back recently, but it is struggling to clear the $0.4420 resistance level.

Ripple price is holding key supports against the US Dollar and Bitcoin. XRP/USD is likely to recover further as long as it is above $0.4270.

Ripple Price Support

There was a slow and steady decline towards $0.4300 in Ripple price against the US Dollar. The XRP/USD pair retested the $0.4270 support area, which acted as a significant barrier for sellers. There was no downside break below $0.4270, which is a positive sign. The price bounced back and moved above the 23.6% Fib retracement level of the last decline from the $0.4600 swing high to $0.4260 low.

The current price action is positive above the $0.4300 level. More importantly, there was a break above a connecting bearish trend line with resistance at $0.4300 on the hourly chart of the XRP/USD pair. The pair traded above the $0.4400 level, but it struggled to clear the $0.4420 level. Moreover, the 50% Fib retracement level of the last decline from the $0.4600 swing high to $0.4260 low acted as a resistance. At the moment, the price is moving lower, but it could find support near $0.4350 and $0.4320.

Looking at the chart, the price is holding the $0.4270 swing support very well. Therefore, as long as the stated $0.4270 support is intact, ripple is likely to recover slowly above $0.4450. The next key resistances on the upside are at $0.4600 and $0.4720 where sellers might emerge.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD spiked above the 50 level, suggesting a positive bias.

Major Support Level – $0.4270

Major Resistance Level – $0.4420

The post Ripple Price Analysis: XRP/USD Trading With Positive Signs appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 1.1164 (-0.90%)
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ripple usd xrp price pair positive signs

Источник: newsbtc.com

ripple usd → Результатов: 91


Анализ цены Ripple (25.06.18)

Курс Ripple находится под сильным давлением со стороны медведей, именно поэтому недавно произошел спуск ниже $0. 50. Сопротивление нисходящей линии тренда образовалось на уровне $0. 48 на часовом графике пары XRP/USD.

2018-6-25 14:03


Анализ курса Ripple на 25 июня

Курс Ripple находится под сильным давлением со стороны медведей, именно поэтому недавно произошел спуск ниже $0. 50. Сопротивление нисходящей линии тренда образовалось на уровне $0. 48 на часовом графике пары XRP/USD.

2018-6-25 13:40


Анализ курса Ripple на 19 июня

Курс Ripple сформировал минимум на уровне $0.51, после чего произошел отскок, в результате которого было прорвано сопротивление нисходящей линии тренда при $0.52 на часовом графике пары XRP/USD

2018-6-19 15:14


Анализ основных криптовалютных пар на 11.06.2018

BTC/USD После того, как под воздействием бычьего импульса цена Bitcoin вышла из флэта, пара на снижении потеряла почти 13% и вчера установила минимум в точке 6627. 70 USD. Падение не было неожиданным, хотя такой интенсивности мало кто ожидал.

2018-6-11 10:42

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