Ethereum Versus XRP Price Action – ETH Continues Outperformance

2019-2-23 13:59

Ethereum Weekly Chart

Ethereum continues to outperform in relation to Ripple’s XRP widening the gap between the two in terms of market cap.

This is the third week that Ethereum is recording an increase and the price increase this week is being recorded on even the larger volume than the previous two weeks.

Ethereum Daily Chart

The majority of the increase was accounted for on Monday with an appreciation of over 10% taking place.

Ethereum has since been testing resistance at $147 but has yet failed to close above this level.

Price has already tested this level multiple times increasing the likelihood that it can break above.

Multiple tests of a level make the level weaker with progressively fewer sellers to hold the level on each test.

Ethereum 4-Hour Chart

Despite multiple tests, buying pressure on the shorter-term 4-hour timeframe is dropping off with both the MACD and the RSI decreasing.

There is a triple top forming but with more bullish signs on the longer-term timeframes, the pattern may have little impact.

If the triple top pattern were to play out, it would indicate that we will see a drop to support at $139 and a sharp drop below.

XRP Weekly Chart

XRP has spent several weeks trading at support and has failed to gain significant buyer momentum to increase from this point.

Price has managed to form a high this week greater than the highs of the previous five weeks, but it has retraced much of this increase.

If price were to break below this support level, an important level on the monthly timeframe is below at $0.2475.

This level would be expected to provide significant support

XRP Daily Chart

The price increases early in the week brought XRP above expected resistance at $0.313.

Price now trades between this level as support and $0.336 above.

XRP 4-Hour Chart

Recent price action makes it far more likely that price will break below $0.313 than above $0.336.

Price has been forming lower lows and lower highs and testing the $0.313 level.

The MACD and RSI are also decreasing on the 4-hour showing that momentum is with the sellers.

Key Takeaways: Ethereum continues to outperform XRP after a surge on Monday. Ethereum has spent the majority of the week testing resistance at $147 whereas XRP is currently testing support at $0.313. Triple top forming in the Ethereum 4-hour chart indicates downside movements but will likely have little impact with the longer-term timeframes forming more bullish patterns.

Ethereum Versus XRP Price Action – ETH Continues Outperformance was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3077.7 (+0.04%)
Объем 24H $9.241b
Изменеия 24h: -1.31 %, 7d: 5.66 %
Cегодня L: $3055.33 - H: $3081.77
Капитализация $369.714b Rank 2
Цена в час новости $ 144.61 (2028.28%)

ethereum continues increase price xrp two week

ethereum continues → Результатов: 126


Фото:

Ethereum Price Continues its Push Toward $130 Despite Bearish Bitcoin Momentum

With a tiny bit of bearish pressure on Bitcoin, one would expect both XRP and Ethereum to take advantage of the situation. Contrary to that belief, XRP is not noting any gains right now. Instead, the Ethereum price is getting all the love, as this value is seemingly underway to hit $130 in fairly quick […] The post Ethereum Price Continues its Push Toward $130 Despite Bearish Bitcoin Momentum appeared first on NullTX.

2019-2-18 21:22


Bakkt Finalizes Acquisition of RCG and Continues to Hire Ahead of Launch

In a tweet just yesterday, the team at Bakkt announced that they had completed all the necessary proceedings necessary for the firm’s acquisition of the Rosenthal Collins Group (RCG). Bakkt has welcomed its new team members from RCG and looks forward to working with them in building the infrastructure that will support its seamless global platform […] The post Bakkt Finalizes Acquisition of RCG and Continues to Hire Ahead of Launch appeared first on Ethereum World News.

2019-2-9 15:06


Ethereum’s Blockchain Gets Voted as Most Popular for Crypto Scams, Fake ICOs and Ponzi Scheme Exits

Ethereum has proven to steadily be out of step with being secure for users, with a large number of scams blighting the blockchain, according to recent research. According to the report, which was conducted by the specialist research analytics firm, Chainanalysis: Ethereum continues to be one of the most commonly used blockchains for conducting scams […]

2019-2-5 21:49