Ripple Price Analysis: XRP/USD Under Pressure Below $0.5050

2018-10-8 10:30

Key Highlights

Ripple price declined heavily and broke the $0.5200 and $0.5050 support levels against the US dollar. This is a major bearish trend line in place with resistance at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a bearish zone as long as there is no close above $0.4950 and $0.5050.

Ripple price trimmed most of its gains against the US Dollar and Bitcoin. XRP/USD is likely to decline further unless buyers push the price above $0.5050.

Ripple Price Analysis

This past week, there was a steady downside initiated from the $0.5440 swing high in Ripple price against the US Dollar. The XRP/USD pair declined and broke a couple of important support levels like $0.5200 and $0.5050. The downside move was such that the price settled below $0.5000 and the 100 hourly simple moving average. It traded as low as $0.4620 and it is currently correcting higher.

The price has moved above the 23.6% Fib retracement level of the recent decline from the $0.5284 high to $0.4620 low. However, the price is approaching a crucial resistance area near $0.4950. More importantly, there is a major bearish trend line in place with resistance at $0.4950 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $0.5284 high to $0.4620 low. Therefore, it won’t be easy for buyers to clear the $0.4950 resistance. Above this, the next major barrier awaits near $0.5050, which was a support earlier.

Looking at the chart, ripple price seems to be under a lot of pressure below $0.5050. If it fails to recover above $0.4950, there could be more losses towards $0.4600.

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 now back above the 50 level.

Major Support Level – $0.4620

Major Resistance Level – $0.4950

The post Ripple Price Analysis: XRP/USD Under Pressure Below $0.5050 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5234 (-0.08%)
Объем 24H $933.256m
Изменеия 24h: 1.39 %, 7d: 3.67 %
Cегодня L: $0.5225 - H: $0.5244
Капитализация $28.939b Rank 7
Цена в час новости $ 0.4819 (8.61%)

ripple usd xrp 5050 price pair bearish

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

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.