Ripple Price Analysis: Break Above 100 SMA Could Push XRP Higher

2018-12-12 08:00

Key Highlights

Ripple price declined recently and traded towards the $0.2910 level against the US dollar. This week’s followed major bearish trend line is in place with resistance at $0.2975 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.3000 resistance and the 100 hourly simple moving average to gain traction.

Ripple price remains in a bearish zone against the US Dollar and Bitcoin. XRP/USD might trade higher once there is a break above $0.3000 and the 100 hourly SMA.

Ripple Price Analysis

There was a slow and steady decline from the $0.3178 high in ripple price against the US Dollar. The XRP/USD pair declined and traded below the $0.3040 and $0.3000 support levels. A new intraday low was formed at $0.2912 and later the price corrected a few points. It moved above the $0.3000 level and the 100 hourly simple moving average. There was a break above the 23.6% Fib retracement level of the recent decline from the $0.3178 high to $0.2912 low.

However, buyers failed to clear the $0.3060 resistance. There was also no proper close above the $0.3000 level and the 100 hourly SMA. The price was rejected near the 50% Fib retracement level of the recent decline from the $0.3178 high to $0.2912 low. Moe importantly, this week’s followed major bearish trend line is in place with resistance at $0.2975 on the hourly chart of the XRP/USD pair. The pair is currently consolidating below $0.3000 and the trend line. A successful close above $0.3000, trend line, and the 100 hourly SMA is needed for a fresh upward move.

Looking at the chart, ripple price could slide below $0.2912 and $0.2900 if buyers fail to push XRP above the 100 hourly SMA.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 50 level.

Major Support Level – $0.2900

Major Resistance Level – $0.3040

The post Ripple Price Analysis: Break Above 100 SMA Could Push XRP Higher appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5155 (+0.52%)
Объем 24H $853.538m
Изменеия 24h: 0.33 %, 7d: 1.61 %
Cегодня L: $0.5077 - H: $0.5177
Капитализация $28.501b Rank 7
Цена в час новости $ 0.3061 (68.41%)

ripple 100 xrp price break hourly analysis

Источник: newsbtc.com

ripple 100 → Результатов: 66


Подтверждено: Ripple подписал более 100 контрактов с финансовыми учреждениями

Соучредитель и исполнительный директор Ripple Крис Ларсен продемонстрировал на Crypto Finance Conference в Half Moon Bay, штат Калифорния график, который показывает, что в настоящее время Ripple имеет более 100 контрактов с партнерскими компаниями и готово к работе.

2018-9-6 13:23


Ripple объединит xCurrent и xRapid в одну систему xVia?

Энтузиасты XRP часто раздумывают над тем фактом, что большинство партнеров Ripple используют xCurrent, а не xRapid. Есть лишь несколько финансовых учреждений, использующих xRapid, с большинством экспериментальных испытаний технологии, но это также связано с тем, что продукт все еще находится в стадии бета-тестирования и до сих пор не готов на 100%.

2018-8-18 14:07


Фото:

Ripple выведет на рынок Китая блокчейн-систему для международных транзакций

Компания Ripple планирует выйти на китайский рынок с системой международных платежей на блокчейне. Об этом пишет СNBC. Технология для проведения быстрых и международных платежей базе блокчейна от Ripple пользуется большой популярностью на международном рынке.

2018-8-16 18:57


The World’s Biggest Banks Lead the Blockchain Charge

We’ve said it before and we’ll say it again: The future is here. Blockchain is no longer just a buzzword, but a leading solution for sending global payments. In fact, the momentum is visible: RippleNet currently counts 11 of the world’s top 100 banks by total assets as customers, all of whom are at various … Continued The post The World’s Biggest Banks Lead the Blockchain Charge appeared first on Ripple.

2018-6-18 09:58


дальше еще 17 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto whales move 283 million XRP, stir market frenzy

XRP, the cryptocurrency backed by Ripple Labs, has caught the attention of crypto market participants today, May 20, as significant whale transactions have created a buzz. These movements come amid a period of highly volatile price action for XRP, prompting traders and investors to speculate on potential gains.

XRP Holders In Panic Selling Frenzy? Sub-$0.50 Looms

The price of XRP, the native token of Ripple, seems to be teetering on the edge of a short-term decline, according to an analysis of on-chain data by NewsBTC. While bulls might want to hold their horses, the report paints a picture of a market potentially succumbing to selling pressure in the immediate future.

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]