Ripple has a neutral short-term trading bias, with the cryptocurrency currently flatlined around its 200-period moving average on the four-hour time frame
The four-hour time frame continues to a show the XRP / USD pair trading within a bullish pattern
The cryptocurrency’s medium-term outlook is bearish, with the daily time frame showing the XRP / USD pair stuck at the bottom of a symmetrical triangle
Ripple / USD Short-term price analysis
Ripple has a neutral short-term trading bias, with the popular cryptocurrency flatlined around its 200-period moving average on the four-hour time frame.
The large inverted head and shoulders pattern on the four-hour time frame remains valid, with strong dip-buying demand currently seen on any pullbacks towards the 0.3000 level.
Technical indicators on the four-hour time frame are also highlighting tight range-bound trading conditions, with both the RSI and MACD trading at neutral levels.
XRP / USD H4 Chart (Source: TradingView)
Pattern Watch
Traders should watch for a sustained bullish breakout above the 0.3470 level, as it represents the neckline of the inverted head and shoulders pattern.
MACD Indicator
The MACD indicator is neutral on the four-hour time frame and is currently failing to generate any trading signal.
Relative Strength Index
The Relative Strength Index on the mentioned time frame is also flatlined around the neutral line.
Ripple / USD Medium-term price analysis
Ripple retains a bearish medium-term outlook, with the cryptocurrency trading well below its key 200-day moving average and also failing to rally price away from critical trendline support on the daily time frame.
The daily time frame clearly shows the XRP / USD pair trading at the bottom of a triangle pattern, with the neutral pattern holding a potential downside projection of around $30.00.
Technical indicators on the daily time frame remain neutral and largely mirror the four-hour time frame.
XRP / USD Daily Chart (Source: TradingView)
Pattern Watch
Traders should continue to monitor the triangle pattern on the daily time frame, with key trendline support found close to the 0.3000 level.
MACD Indicator
The MACD indicator on the daily time frame is currently flat and providing no clear trading signal.
Relative Strength Index
The RSI Indicator on the mentioned time frame remains neutral as the XRP / USD pair struggles to find direction.
Conclusion
Ripple continues to trade towards the lower end of its recent range with the cryptocurrency struggling to find a clear directional bias.
The presence of a bullish inverted head and shoulders on the four-hour time frame and strong dip-buying demand around the 0.3000 level are currently offering short-term bulls a glimmer of hope.
Medium-term bulls desperately need to rally the cryptocurrency away from trendline support or the XRP / USD pair could eventually succumb to heavy technical selling below the triangle pattern.
Confused between Ripple, XRP and the difference between them? Our coin guide explains all the basics of the project
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The post Ripple / USD Technical Analysis: Flatlined appeared first on Crypto Briefing.
Key Highlights Ripple price climbed further higher and traded above the $0. 3500 resistance against the US dollar. There is a major bullish trend line formed with support at $0. 3415 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple had a bit more momentum on its earlier bullish run but now seems to be stalling on its climb.
The post Ripple (XRP) Price Analysis: Larger Pullback in the Works appeared first on Ethereum World News.
Ripple has seen a decent 6. 44% price increase over the past 24 hours trading. The cryptocurrency is currently exchanging hands at a price of $0. 35 after seeing a 5. 15% price hike over the last 7 days of trading.
Key Highlights Ripple price broke the $0. 3250 and $0. 3300 resistance levels to move into a bullish zone against the US dollar. There is a connecting bullish trend line formed with support at $0.
Key Highlights Ripple price formed a decent support near the $0. 3200 level and climbed higher against the US dollar. There was a break above a major bearish trend line with resistance at $0. 3240 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price remained supported above $0. 3120 and $0. 3150 level and moved higher against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.
Ripple and XRP continue to grapple with proving it’s degree of decentralization in the court of public opinion as well as against class-action lawsuits. Regulators have been mum regarding the issue, which may be why Ripple wanted former president Bill Clinton to speak at the next Swell conference.
Key Highlights Ripple price was not able to stay above the $0. 3500 support zone and declined against the US dollar. There is a new connecting bearish trend line in place with resistance at $0. 3300 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price decline remained supported near $0. 3050-0. 3100 against the US Dollar. XRP/USD is showing positive signs and it could move above $0. 3350 and $0. 3400. Key Talking Points · Ripple price is trading above the $0.
Key Highlights Ripple price found a strong buying interest around $0. 3120 and recovered sharply against the US dollar. There was a break above a key connecting bearish trend line with resistance at $0.
Ripple made an upside break from a descending triangle pattern and could retest the resistance before heading higher.
The post Ripple (XRP) Price Analysis: Bullish Break and Retest appeared first on Ethereum World News.
Fundamentally, XRP prices should to be skyrocketing and there are hints of that because on a weekly basis, XRP is up 26 percent. However, when we take a closer look in the daily chart, it appears as if sellers are still in charge rebuffing bullish attempts above 35 cents and even 40 cents, our main.
Key Highlights Ripple price started a downside move from the $0. 3550 swing high against the US dollar. There was a break below a crucial bullish trend line with support at $0. 3375 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price gained momentum recently and settled above the $0. 3000 and $0. 3200 resistances against the US dollar. There is a new important connecting bullish trend line in place with support at $0.
Like most coins, Ripple and XRP are bullish. Not only are we seeing important partnerships that steels XRP and xRapid, XRP prices are also on a recovery path adding a massive 13 percent in the last day helping propel prices from 25 cents supports.
Ripple (XRP) is one of the few cryptocurrencies to have completed a correction of more than 90% since its all time high. The price has settled just above the $0. 25 mark which seems to be a bottom as indicated by the Vix diagram on the above weekly chart for XRP/USD.
Key Highlights Ripple price is moving higher and it has settled above the $0. 2800 and $0. 2900 resistances against the US dollar. Yesterday’s highlighted key bearish trend line is almost breached near $0.
Ripple price formed a decent support at $0. 2450 against the US Dollar. XRP/USD rebounded, but it is facing many significant hurdles near $0. 3020 and $0. 3150. Key Talking Points Ripple price corrected nicely after forming support near the $0.
Key Highlights Ripple price corrected higher recently and broke the $0. 2660 and $0. 2800 resistances against the US dollar. There is a new connecting bearish trend line formed with resistance at $0.
Despite findings that Ripple is actually decentralizing in the process controlling a mere 48 percent of nodes at their UNL, XRP prices are dismissive to say the least. A few days after breaking below 40 cents, prices are 10 cents away from our main support line and bear targets at 15 cents. That’s a 60 […]
Key Highlights Ripple price recovered nicely and moved above the $0. 2750 resistance area against the US dollar. This week’s crucial bearish trend line is preventing gains with resistance near the $0.
Key Highlights Ripple price fell significantly and broke the $0. 2800 and $0. 2600 supports against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance near the $0.
Key Highlights Ripple price extended losses and traded below the $0. 3000 support level against the US dollar. There is a key bearish trend line forming with resistance near the $0. 3040 level on the hourly chart of the XRP/USD pair (data source from Kraken).
Most cryptocurrencies keep suffering more and more losses - are we in for a huge fall, as some analysts are predicting? Let’s take a look at the charts
Key Highlights Ripple price formed a decent support near $0. 3200-0. 3210 and recovered a few points against the US dollar. There is a short term declining channel forming with resistance near the $0.
Ripple price nosedived recently and broke the $0. 4265 support against the US Dollar. XRP/USD breakdown below $0. 3750 looks real and it could ignite more losses. Key Talking Points Ripple price failed to hold gains and it broke a crucial support $0.
Key Highlights Ripple price fell further and traded below the $0. 3300 level before starting a recovery against the US dollar. There was a break above a short-term bearish trend line with resistance at $0.
Crypto markets are firmly in the red after the U.S. SEC postponed its decision on VanEck Bitcoin ETF. However, with many coins in the oversold territory, the charts suggest that this might be just a pullback
Key Highlights Ripple price tumbled sharply after there was a daily close below $0. 4000 against the US dollar. There is a major bearish trend line in place with resistance at $0. 3900 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to hold an important support at $0. 4270 and declined against the US dollar. There is a new connecting bearish trend line formed with resistance at $0. 4270 on the hourly chart of the XRP/USD pair (data source from Kraken).
The announcement of the start of Bitcoin futures trading by NYSE’s operator ICE has failed to significantly impact the markets. Let’s check the charts to see what should we expect from the prices
Key Highlights Ripple price is forming a solid support base near the $0. 4270 level against the US dollar. There was a short-term break above a bearish trend line at $0. 4320 on the hourly chart of the XRP/USD pair (data source from Kraken).
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).
Ripple price retested the $0. 4250-0. 4300 support area and bounced back against the US Dollar. XRP/USD must clear $0. 4550-0. 4660 resistance zone for more gains. Key Talking Points Ripple price is facing a tough resistance near the $0.
Key Highlights Ripple price held the $0. 4270 support and recovered nicely against the US dollar. There is a short-term connecting bullish trend line in place with support at $0. 4370 on the hourly chart of the XRP/USD pair (data source from Kraken).
With some experts predicting that Bitcoin will go to $67,500 in 2019, and others saying that a “total collapse” of cryptocurrencies is a real possibility, we prefer to study the charts and form our own opinions
Key Highlights Ripple price extended slides and traded below the $0. 4300 support level against the US dollar. There is a new connecting bearish trend line formed with resistance near $0. 4325 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price declined further and broke a key support at $0. 4500 against the US dollar. Yesterday’s highlighted key contracting triangle was breached with support at $0. 4530 on the hourly chart of the XRP/USD pair (data source from Kraken).
Experts have still not reached consensus on whether the approval of a Bitcoin ETF by the SEC is all that important. Meanwhile, the markets continue reacting to the recent rejection of an ETF by Winklevoss twins - let’s check the charts
Key Highlights Ripple price is trading in a range above the $0. 4300 support area against the US dollar. There is a short-term contracting triangle formed with resistance near $0. 4560 on the hourly chart of the XRP/USD pair (data source from Kraken).
Over the past week, the U.S. SEC has rejected one Bitcoin ETF application and postponed its decision on another. Watching the markets react to this will allow us to gauge whether the trend has turned positive, or the recent pullback was just a bear market rally
Key Highlights Ripple price failed to break an important resistance at $0. 4675 and declined against the US dollar. There was a break below a connecting bullish trend line with support at $0. 4620 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ripple price formed a base near $0. 4300 and recovered against the US Dollar. XRP/USD is slowly and steadily rising towards the $0. 4800 and $0. 5000 levels. Key Talking Points · Ripple price recovered recently and moved above the $0.
Key Highlights Ripple price remained confined in a tiny range above the $0. 4500 support against the US dollar. Yesterday’s highlighted important bearish trend line was breached with resistance at $0.
The potential approval of a Bitcoin ETF by the U.S. SEC would be a boost to the crypto markets, but not to the extent of last year’s rally. What will the price action be until then? Let’s look at the charts
Key Highlights Ripple price is slowly recovering and is currently trading above $0. 4500 against the US dollar. There is a major bearish trend line in place with resistance at $0. 4680 on the hourly chart of the XRP/USD pair (data source from Kraken).
Technically, Ripple (XRP) is bearish and that’s despite news of Wirex support or coin listings in different exchanges around the world which is of course supportive of price. Following yesterday’s high volume XRP bull candlestick reversing from support, chances are we might see a follow through today but that won’t be enough to warrant XRP.
Key Highlights Ripple price struggled to break the $0. 4650 resistance and declined below $0. 4500 against the US dollar. There was a break below an ascending channel with support at $0. 4550 on the hourly chart of the XRP/USD pair (data source from Kraken).
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