Ripple Price Analysis: XRP/USD Signaling Upside Extension

2018-9-20 11:00

Key Highlights Ripple price surged higher recently and broke the $0.3200 resistance level against the US dollar. There is a major contracting triangle in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct a few points, but it remains supported above the $0.3100 level.

Ripple price is trading with a bullish bias against the US Dollar and Bitcoin. XRP/USD needs to gain above $0.3350 for a push towards the $0.3500 level.

Ripple Price Rise

Yesterday, we saw a solid rise above the $0.3000 level in Ripple price against the US Dollar. The XRP/USD pair remained in a solid trend and broke the $0.3200 and $0.3250 levels. It traded towards the $0.3350 level and later corrected lower. It moved below the 23.6% fib retracement level of the upward move from the $0.2658 low to $0.3358 high.

However, the price found a strong support around the $0.3100 level and bounced back. It seems like there is a major contracting triangle in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair. There is a chance that the price could dip a few points towards $0.3150 or $0.3100. Below these, the price may test the $0.3000 support zone. It represents the 50% fib retracement level of the upward move from the $0.2658 low to $0.3358 high. As long as the price is above the $0.3000 support, it remains well bid for more gains in the near term.

Looking at the chart, ripple price could continue to trade in a range above $0.3000. Finally, it will most likely make an attempt to surpass the $0.3350 and $0.3400 resistance levels. The next major hurdle for buyers is near the $0.3500 level.

Looking at the technical indicators:

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

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

Major Support Level – $0.3150

Major Resistance Level – $0.3300

The post Ripple Price Analysis: XRP/USD Signaling Upside Extension appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5346 (+0.71%)
Объем 24H $1.403b
Изменеия 24h: -3.05 %, 7d: 4.57 %
Cегодня L: $0.5275 - H: $0.5394
Капитализация $29.555b Rank 7
Цена в час новости $ 0.5858 (-8.74%)

ripple usd xrp price pair resistance extension

Источник: newsbtc.com

ripple usd → 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

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 13:40


Анализ курса Ripple на 19 июня

Курс Ripple сформировал минимум на уровне $0.51, после чего произошел отскок, в результате которого было прорвано сопротивление нисходящей линии тренда при $0.52 на часовом графике пары XRP/USD

2018-6-19 15:14


Анализ основных криптовалютных пар на 11.06.2018

BTC/USD После того, как под воздействием бычьего импульса цена Bitcoin вышла из флэта, пара на снижении потеряла почти 13% и вчера установила минимум в точке 6627. 70 USD. Падение не было неожиданным, хотя такой интенсивности мало кто ожидал.

2018-6-11 10:42

дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins. XRP & Cardano Whales Have Gone On A Buying Spree Recently As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks.

XRP Whales Are Active: Here’s Where They Are Sending Coins

On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day.

XRP Price Alert: Breakout Could Confirm Today

The XRP price has been in a downtrend since mid-November 2023. However, the XRP bulls seem to be taking control again if the following happens. An analysis of the 1-day chart of XRP/USD reveals that a potential price breakout is imminent.