Ripple Price Analysis: XRP/USD Could Correct Lower To $0.4350

2018-10-19 10:30

Key Highlights

Ripple price failed to stay above the $0.4600 support and declined recently against the US dollar. There was a break below an ascending triangle pattern with support at $0.4630 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it seems like it could test the $0.4400 or $0.4350 support levels.

Ripple price moved lower from range highs against the US Dollar and Bitcoin. XRP/USD may continue to move down towards the $0.4350 support in the near term.

Ripple Price Analysis

There were 2-3 attempts to surpass the $0.4700 and $0.4750 resistances by Ripple price against the US Dollar. The XRP/USD pair failed to gain momentum above $0.4700 and started a downside move. The price declined and broke the $0.4600 support level. There was even a break below the 50% Fib retracement level of the upward move from the $0.4235 low to $0.4750 swing high.

More importantly, there was a break below an ascending triangle pattern with support at $0.4630 on the hourly chart of the XRP/USD pair. The price spiked towards the $0.4400 support and tested the 100 hourly simple moving average. Besides, the 61.8% Fib retracement level of the upward move from the $0.4235 low to $0.4750 swing high acted as a support. The price is currently trading above the $0.4450 level and the 100 hourly SMA. However, the price remains at a risk of more losses and it could test the $0.4400 support in the near term. Below $0.4400, the next key support is at $0.4350.

Looking at the chart, ripple price moved into a short term bearish zone below $0.4600. However, dips remain supported and the price could bounce back above $0.4650 once the current correction is complete.

Looking at the technical indicators:

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

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

Major Support Level – $0.4400

Major Resistance Level – $0.4650

The post Ripple Price Analysis: XRP/USD Could Correct Lower To $0.4350 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) íà Currencies.ru

$ 0.5207 (+0.22%)
Îáúåì 24H $470.333m
Èçìåíåèÿ 24h: -0.72 %, 7d: 3.01 %
Cåãîäíÿ L: $0.5194 - H: $0.5235
Êàïèòàëèçàöèÿ $28.789b Rank 7
Öåíà â ÷àñ íîâîñòè $ 0.454 (14.69%)

could ripple usd xrp price support pair

Èñòî÷íèê: newsbtc.com

could ripple → Ðåçóëüòàòîâ: 126


Ôîòî:

Ripple CEO believes crypto market could reach $5 trillion by year end – Here are top 3 picks that might help position you for gains

Ripple CEO is claiming the crypto market could reach $5 trillion by the end of 2024. Investors are looking for better opportunities to invest and gain lucrative profits if that happens. According to some analysts, Solana (SOL), Sui (SUI), and Borroe Finance ($ROE) could be some of the best altcoins to include in investment portfolios.

2024-4-14 19:00


New SharesPost Report On The XRP Company: ‘Could A Ripple IPO Be An Attractive Investment?’

Could A Ripple IPO Be An Attractive Investment? A cryptocurrency exchange that trades in Ripple equity has released a recent report related to the viability of an IPO and how successful it could be. Researchers believe that it could be difficult for Ripple to be competitive in this market, but its technology could be adopted […]

2019-4-8 22:24


Ôîòî:

Ripple Exec Says Biased ‘People Posing as Journalists’ Are Spreading Misinformation About XRP

XRP — or the “banker coin,” as some critics love to call it — has a history of stirring controversies. While the polarizing views surrounding Ripple’s commitment to decentralization and the open-source model is yet to dent XRP’s position as one of the most popular cryptocurrencies in circulation, there’s no denying that the company could […] Ripple Exec Says Biased ‘People Posing as Journalists’ Are Spreading Misinformation About XRP was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-18 16:14


Ôîòî:

Ripple Expects Trump Administration to Turn to XRP to Counter China’s Dominance Over Bitcoin Network

Could XRP be the Trump administration’s answer to China’s dominance over global Bitcoin supply? Does the U. S. government even care enough about this asset class to create new strategies along those lines? The answer to both questions — however speculative — is YES for Cory Johnson, Ripple’s chief marketing strategist.

2018-10-18 19:59


Ôîòî:

What’s the Deal With Ripple Being Touted as the Microsoft of Crypto?

Despite finding itself mired in lawsuits, controversies, and price drops, Ripple’s XRP has so far managed to pull through quite a difficult year without any major permanent setbacks. It has taken all the brunts thrown its way rather effectively, and if things continue along the current trajectory, the company could end up becoming the Microsoft […] What’s the Deal With Ripple Being Touted as the Microsoft of Crypto? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-13 15:39


XRP Crashes 40% From September High

This year has been a strange one for XRP (and digital currency in general!), the token has seen fluctuation after fluctuation and the price has never stayed in one area for a long period of time. The token, owned and designed by Ripple, has recently seen a change in price over the past month and even a time when we thought that the bad times were essentially over but now it has crashed down by over 40% from its high in September of $0.

2018-10-11 12:30


Ôîòî:

Why Tokyo Could Set The Stage For XRP Adoption

A new petition has arisen to persuade the International Olympic Committee (IOC) to make XRP the official cryptocurrency of next summer’s Olympics and has already received 7,500 signatures. The man who is behind the petition, Ken Takahashi believes that XRP has the potential to solve many logistical issues associated with many big international sporting events, especially concerning foreign exchange.

2018-10-8 13:30


Today’s Top Cryptocurrency Headlines and Bitcoin News from the Blockchain World (October 6)

[Whoa] Ripple's Blockchain Ledger Sees 150 Million XRP Coins Move in New Mega-Transaction [Whoa] Ripple's Blockchain Ledger Sees 150 Million XRP Coins Move in New Mega-Transaction Epic Games' Fortnite Video Game Could Transition onto Blockchain via MagnaChain Partnership Epic Games' Fortnite Video Game Could Transition onto Blockchain via MagnaChain Partnership Guidepost Solutions CEO Security Expert: […]

2018-10-7 23:59


Ripple’s Strategic Steps To Make Them A Household Name

Philip Nunn in a recent statement made on Twitter likened XRP cryptocurrency alongside its underlying technology, the Ripple network to Microsoft of today. Therefore, he believes that the action exhibited by the development team of recent, the Ripple Labs, is strategically placing the platform right at the center of everyone’s heart which could, in turn, […] The post Ripple’s Strategic Steps To Make Them A Household Name appeared first on ZyCrypto.

2018-10-5 10:31


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà 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.