Ripple Price Analysis: XRP/USD Rally Could Extend To $0.5310

2018-10-18 06:45

Ripple price is placed nicely above the $0.4560 and $0.4320 supports against the US Dollar. XRP/USD is likely to accelerate gains above the $0.4900 resistance zone.

Key Talking Points

Ripple price gained traction and moved above the $0.4320 resistance against the US Dollar. There is an ascending channel in place with support at $0.4650 on the 2-hours chart of the XRP/USD pair (Data feed via Bitstamp). XRP price may continue to rise towards the $0.4950, $0.5000 or $0.5310 resistance levels. Ripple Price Forecast

During the past few days, there was a slow and steady rise from the $0.3900 swing low in Ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.4300 and $0.4500 resistance levels.

Looking at the chart, the price climbed higher and settled above the $0.4320 resistance levels. There was also a close above the $0.4500 level and the 100 simple moving average (2-hours).

During the rise, the price broke the 61.8% Fib retracement level of the last major drop from the $0.5006 high to $0.3714 low. The current price action is very positive, indicating more gains above the $0.4750 and $0.4800 levels.

The next key resistance on the upside could be the last swing high at $0.5006. If there is a break above this, the price could move towards the $0.5310 level, which is close to the 1.236 Fib extension level of the last major drop from the $0.5006 high to $0.3714 low.

At the outset, there is an ascending channel in place with support at $0.4650 on the 2-hours chart of the XRP/USD pair. The pair could decline a few points, but it remains well supported near the $0.4560 level.

Moreover, the most important support for ripple buyers is near the $0.4320 level and the 100 simple moving average (2-hours). As long as XRP/USD is trading above the $0.4320 support, it is likely to climb higher towards the $0.4800 and $0.5000 levels. The main target for buyers could be $0.5310.

The market data is provided by TradingView.

The post Ripple Price Analysis: XRP/USD Rally Could Extend To $0.5310 appeared first on Ethereum World News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5297 (+0.16%)
Объем 24H $534.936m
Изменеия 24h: -0.11 %, 7d: 3.81 %
Cегодня L: $0.5286 - H: $0.5304
Капитализация $29.259b Rank 7
Цена в час новости $ 0.4643 (14.09%)

ripple price above xrp usd against dollar

Источник: ethereumworldnews.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

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.

Суд США отказался признать вторичные продажи активов на Coinbase торговлей ценными бумагами

Второй окружной апелляционный суд США на Манхэттене отклонил иск клиентов американской криптобиржи Coinbase, требовавших отмены собственных транзакций и финансовой компенсации за продажу незарегистрированных ценных бумаг.