Ripple Price Analysis: XRP Could Accelerate Losses Below 100 SMA

2019-2-11 08:00

Ripple price failed to retain gains and traded below the $0.3080 support against the US dollar. There is a key connecting bearish trend line in place with resistance at $0.3065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3000 support and the 100 hourly simple moving average to bounce back.

Ripple price is currently correcting gains against the US Dollar and Bitcoin. XRP/USD is at a risk of a sharp decline if it breaks the 100 hourly SMA and $0.3000.

Ripple Price Analysis

The recent uptrend in bitcoin and Ethereum helped ripple price is climbing above $0.3000 against the US Dollar. The XRP/USD pair broke the $0.3100 resistance level and traded towards the $0.3200 level. A high was formed at $0.3199 and later the price corrected lower. It moved below the $0.3150 support and 50% Fib retracement level of the last wave from the $0.2864 low to $0.3199 high. The price even broke the $0.3000 support once and tested the 100 hourly simple moving average.

At the moment, it seems like the 100 hourly simple moving average is acting as a strong support above $0.3000. The 61.8% Fib retracement level of the last wave from the $0.2864 low to $0.3199 high also acted as a support. However, there are many resistances on the upside near the $0.3050 and $0.3060 levels. Besides, there is a key connecting bearish trend line in place with resistance at $0.3065 on the hourly chart of the XRP/USD pair. The pair needs to break the $0.3060 resistance and the bearish trend line to gain bullish momentum. If not, there is a risk of a downside break below the $0.3000 support.

Looking at the chart, ripple price is finding a strong support near the 100 hourly SMA, below which it could tumble towards $0.2900. The next key supports are at $0.2920 and $0.2910, followed by $0.2850.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is about to move back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just near the 50 level, with bearish signs.

Major Support Level – $0.2920

Major Resistance Level – $0.3060

The post Ripple Price Analysis: XRP Could Accelerate Losses Below 100 SMA appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.518 (-0.09%)
Объем 24H $1.11b
Изменеия 24h: 3.66 %, 7d: 0.19 %
Cегодня L: $0.5174 - H: $0.5193
Капитализация $28.676b Rank 7
Цена в час новости $ 0.304 (70.39%)

price 100 xrp ripple below pair support

Источник: newsbtc.com

price 100 → Результатов: 126


Factom [FCT] Price Surges Over 100% Despite Bearish Crypto Market, Relists on Coincheck

Despite extremely bearish movements across the market, Factom has been holding its value and undergoing a recent surge. The cryptocurrency which focuses on using blockchain technology to build data integrity and trust systems had been holding support solidly around $4 despite the rest of the market sharply declining.

2018-11-26 19:13


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

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 […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.

Bitcoin ETFs in the US see $15.7 million in outflows

Quick Take US Bitcoin ETFs saw an outflow of $15. 7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.