Ripple Price Analysis: XRP/USD Remains Supported Above $0.4230

2018-10-22 10:30

Key Highlights

Ripple price is currently trading below the $0.4615 and $0.4660 resistance levels against the US dollar. There was a break below a contracting triangle pattern with support at $0.4550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points lower, but it could find support near the $0.4400 and $0.4230 levels.

Ripple price is consolidating above key supports against the US Dollar and Bitcoin. XRP/USD must break the $0.4615 and $0.4660 resistances to climb higher.

Ripple Price Analysis

After Ripple price failed near the $0.4750 resistance, there was a downside correction against the US Dollar. The XRP/USD pair declined and tested the $0.4400 support area. A low was formed at $0.4399 before the price started an upside move. It recovered above the $0.4500 level and the 100 hourly simple moving average. There was also a break above the 23.6% Fib retracement level of the recent decline from the $0.4748 high to $0.4399 low.

However, the price struggled to break the $0.4600 and $0.4615 resistance levels. Moreover, there was no close above the 50% Fib retracement level of the recent decline from the $0.4748 high to $0.4399 low. As a result, there was a downside reaction below the $0.4550 level. There was also a break below a contracting triangle pattern with support at $0.4550 on the hourly chart of the XRP/USD pair. At the outset, the pair seems to be struggling to break the triangle resistance trend line, which is currently at $0.4580. Therefore, there could be a fresh decline towards the $0.4400 or $0.4300 level before the price bounces back.

Looking at the chart, ripple price must break the $0.4615 and $0.4660 resistance levels to trade to a new high above the $0.4748 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.

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

Major Support Level – $0.4400

Major Resistance Level – $0.4660

The post Ripple Price Analysis: XRP/USD Remains Supported Above $0.4230 appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 0.5142 (-0.51%)
Объем 24H $492.605m
Изменеия 24h: -1.80 %, 7d: 1.95 %
Cегодня L: $0.5142 - H: $0.5235
Капитализация $28.429b Rank 7
Цена в час новости $ 0.4545 (13.14%)

usd ripple xrp price pair below 4230

Источник: newsbtc.com

usd ripple → Результатов: 126


Анализ цены Ripple (25.06.18)

Курс Ripple находится под сильным давлением со стороны медведей, именно поэтому недавно произошел спуск ниже $0. 50. Сопротивление нисходящей линии тренда образовалось на уровне $0. 48 на часовом графике пары XRP/USD.

2018-6-25 14:03


Анализ курса Ripple на 25 июня

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2018-6-25 13:40


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2018-6-19 15:14


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