Ripple Price Analysis: Dips In XRP Remain Well Supported

2018-12-20 08:00

Key Highlights

Ripple price extended gains and traded towards the $0.4000 resistance area against the US dollar. There is a major bullish trend line in place with support at $0.3450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair corrected lower recently, but it remained well supported near $0.3400-0.3500.

Ripple price is placed nicely in an uptrend against the US Dollar and Bitcoin. XRP/USD recently traded close to $0.4000 before a downside correction to the $0.3400 support.

Ripple Price Analysis

Yesterday, we discussed the chances of more gains towards $0.3850 or $0.4000 in ripple price against the US Dollar. The XRP/USD pair did trade higher and broke the $0.3850 resistance area. It traded close to the $0.4000 level and formed a new weekly high at $0.3947. Later, the price started a downside correction and traded below $0.3900 and $0.3800. There was a break below the 50% Fib retracement level of the last wave from the $0.3141 low to $0.3947 high.

However, the decline was protected by the $0.3440 zone, which was a major resistance earlier. More importantly, there is a major bullish trend line in place with support at $0.3450 on the hourly chart of the XRP/USD pair. Besides, the 61.8% Fib retracement level of the last wave from the $0.3141 low to $0.3947 high acted as a support. At the outset, it seems like the price is trading nicely above the trend line and the $0.3440 support.

Looking at the chart, ripple price could resume its upward move towards $0.3700 or $0.3800. Above $0.3800, it could revisit $0.4000. However, it must stay above the $0.3400 support. If not, there is a risk of more losses towards the $0.3180 level and the 100 hourly simple moving average.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly reducing its bearish slope.

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

Major Support Level – $0.3400

Major Resistance Level – $0.3800

The post Ripple Price Analysis: Dips In XRP Remain Well Supported appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5365 (-0.90%)
Объем 24H $1.538b
Изменеия 24h: 5.17 %, 7d: 6.09 %
Cегодня L: $0.5299 - H: $0.5414
Капитализация $29.663b Rank 7
Цена в час новости $ 0.386 (38.99%)

ripple price well xrp supported pair remain

Источник: newsbtc.com

ripple price → Результатов: 126


Фото:

Ripple (XRP) price prediction for April

Ripple (XRP) price is trading comfortably above the $0.50 mark as bulls look to consolidate before pushing towards the next resistance line at $0.65. Fundamental analysis: Ripple buys a 40% stake in an Asian cross-border payments provider Tranglo Ripple has bought a large stake in Tranglo, a cross-border payments provider in a bid to satisfy […] The post Ripple (XRP) price prediction for April appeared first on Invezz.

2021-3-31 11:47


Фото:

Ripple (XRP) price is breaking out. Here are levels to watch

Ripple (XRP) price is trading over 12% higher this week despite a correction in Bitcoin. As a result, the price action has broken out of the consolidation range. Fundamental analysis: Judge drops a “bombshell”, says XRP has currency value and utility In the latest court session between the SEC and Ripple, Attorney Jeremy Hogan said […] The post Ripple (XRP) price is breaking out.

2021-3-23 16:31


дальше еще 77 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 […]