Ripple (XRP) Price Showing Positive Signs: ETH, BTC Gaining Strength

2019-5-27 07:08

Ripple price traded higher recently and broke the $0.3950 and $0.4120 resistances against the US dollar. The price tested the $0.4200 resistance area and it is currently correcting gains. There is a connecting bullish trend line forming with support at $0.3850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains supported on dips and it could bounce back after testing the $0.3980 or $0.3950 support.

Ripple price is showing positive signs above $0.3950 against the US Dollar, while declining vs bitcoin. XRP remains well bid and dips are likely to present buying opportunities.

Ripple Price Analysis

After forming a strong support base above the $0.3660 level, ripple price climbed higher against the US Dollar. The XRP/USD pair traded above a couple of important resistances near the $0.3800 and $0.3850 levels. The price moved into a positive zone above the $0.3920 level. There was a close above the $0.3950 level and the 100 hourly simple moving average. Besides, there was a break above a declining channel at $0.3860 to start the recent upward move.

Finally, the price broke the $0.4000 and $0.4120 resistance levels. It traded as high as $0.4205 and it is currently correcting gains. It tested the $0.4080 level and the 23.6% Fib retracement level of the recent wave from the $0.3766 low to $0.4205 high. On the downside, there are many supports near the $0.4000, $0.3980 and $0.3950 levels. Moreover, the 50% Fib retracement level of the recent wave from the $0.3766 low to $0.4205 high is near the $0.3985 level to act as a strong support.

Therefore, if the price continues to move down, it could find support near $0.4000 or $0.3950. Moreover, there is a connecting bullish trend line forming with support at $0.3850 on the hourly chart of the XRP/USD pair. On the upside, an initial resistance is near the $0.4150 level, followed by the $0.4200 zone. A successful break above the $0.4205 high might clear the path for more gains towards the $0.4250 and $0.4320 in the coming sessions.

Looking at the chart, ripple price is clearly trading with a positive angle above the $0.3950. In the short term, there could be range moves above $0.3980 or $0.3950. However, the correction could complete near $0.4000 or $0.3950 before a fresh increase. On the upside, the bulls are likely to take control above the $0.4200 pivot zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently gaining strength in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower from the overbought zone to 65.

Major Support Levels – $0.4000, $0.3980 and $0.3950.

Major Resistance Levels – $0.4150, $0.4200 and $0.4320.

The post Ripple (XRP) Price Showing Positive Signs: ETH, BTC Gaining Strength appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 0.5347 (-0.07%)
Объем 24H $585.354m
Изменеия 24h: -0.35 %, 7d: 3.82 %
Cегодня L: $0.5345 - H: $0.5419
Капитализация $29.638b Rank 7
Цена в час новости $ 0.4241 (26.08%)

price xrp ripple pair strength signs showing

Источник: newsbtc.com

price xrp → Результатов: 126


Фото:

XRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20

A crypto analyst has predicted the next price target for the XRP price, noting that the altcoin was nearing a key point that could potentially trigger a major bull rally for the cryptocurrency.   XRP Price Roadmap to $20 In an X (formerly Twitter) post on May 20, Crypto analyst, Javon Marks forecasted a strong bullish breakout for the XRP price in this market cycle.

2024-5-23 02:00


Ripple’s XRP Cryptocurrency Price Expected to Weaken Further After Corrective Move, But There’s a Catch

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Leading Analyst Identifies Mega Ascending Triangle in Ripple (XRP) Price Chart; Forecasts Breakout Will Push Price to $1.4

Famous expert in technical analysis, @egragcrypto, has given some easy-to-understand insights about the cryptocurrency XRP, highlighting that its price might make a big move soon. In his latest look at XRP, he talks about the chances of big changes in price and points out a coming “liquidity storm,” which he calls “The Perfect Storm.

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XRP is currently undergoing a notable price correction, with a 24-hour decline of 2. 2% and a seven-day slump of 12. 1%, bringing its price to $0. 61 according to CoinGecko.   However, amidst this downturn, prominent crypto YouTuber and XRP analyst, Alex Cobb, has set an ambitious price target of $10 for the digital asset, employing the Elliott Wave Theory to analyze its monthly price chart.

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