Ripple Price Analysis: XRP Sighting Bullish Break Above $0.3200

2019-3-18 08:00

Ripple price struggled to break the $0.3200 resistance level and corrected lower against the US dollar. The price declined below the $0.3150 level and tested the $0.3125 support area. There is a key bullish trend line formed with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.3180 and $0.3200 resistance levels to start a solid bullish wave towards $0.3300.

Ripple price is trading key supports against the US Dollar and bitcoin. XRP/USD must clear the $0.3200 resistance area to kick start a fresh bullish wave towards $0.3280 and $0.3300.

Ripple Price Analysis

This past week, we saw a nice rebound in ripple price from the $0.3000 support against the US Dollar. The XRP/USD pair traded above the $0.3120 and $0.3150 resistance levels. There was also a close above the $0.3120 level and the 100 hourly simple moving average. Finally, there was a spike towards the $0.3250 level before the price started a downside correction. It traded below the $0.3200 and $0.3180 levels. However, the $0.3125 support and the 100 hourly SMA acted as a decent barrier for sellers.

A low was formed at $0.3128 and later the price corrected higher. It moved above the $0.3140 level and the 50% Fib retracement level of the recent drop from the $0.3201 high to $0.3128 low. However, the upside move was capped by the $0.3180 resistance. It also represents the 61.8% Fib retracement level of the recent drop from the $0.3201 high to $0.3128 low. Should ripple break the $0.3180 resistance, it may struggle to clear the $0.3200 resistance. Finally, if there is an upside break above $0.3200, the price may rally towards $0.3300.

On the downside, there are many supports above $0.3125. There is also a key bullish trend line in place with support at $0.3145 on the hourly chart of the XRP/USD pair. If there is a downside wave, the trend line support and 100 hourly SMA may hold losses near $0.3140. If there is a break below the $0.3128 swing low, the price could move back in the bearish zone.

Looking at the chart, ripple price is trading above key supports near $0.3140. As long as buyers are active above $0.3125, there are chances of more upsides. The main resistance is at $0.3200, above which the price is likely to climb towards $0.3300 or even $0.3320.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently placed nicely in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD tested the 60 level and it is currently correcting lower.

Major Support Levels – $0.3145, $0.3140 and $0.3125.

Major Resistance Levels – $0.3180, $0.3200 and $0.3250.

The post Ripple Price Analysis: XRP Sighting Bullish Break Above $0.3200 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Level Up Coin (LUC) на Currencies.ru

$ 7.53E-5 (+0.68%)
Объем 24H $0
Изменеия 24h: 1.94 %, 7d: 12.29 %
Cегодня L: $7.53E-5 - H: $7.53E-5
Капитализация $75.097k Rank 1896
Цена в час новости $ 0.0001162 (-35.2%)

price bullish break xrp ripple 3200 level

Источник: newsbtc.com

price bullish → Результатов: 126


Octagon Strategy is a privately-owned commodity and digital asset trading firm. Speaking to CNBC July 1, Ryan Rabaglia, the head trader, dismissed the current downward price pressure on Bitcoin markets, which last week took prices below $6000

The head trader of Octagon Strategy has told CNBC the company “remains bullish” on Bitcoin despite price decreases and “obstacles” it may face in the future. Octagon Strategy is a privately-owned commodity and digital asset trading firm.

2018-7-2 17:38


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.