Ripple Price Analysis: XRP/USD’s Downside Thrust and Reversal

2018-10-30 09:28

Key Highlights

Ripple price declined sharply, but the $0.4340 support acted as a solid support against the US dollar. There is a connecting bearish trend line formed with resistance at $0.4485 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could find sellers near the $0.4485 and $0.4500 levels, but dips remain supported.

Ripple price declined recently against the US Dollar and Bitcoin. However, XRP/USD found a strong buying interest near $0.4340 and recovered nicely.

Ripple Price Analysis

There was yet another rejection noted near the $0.4600 level in ripple price against the US Dollar. As a result, there was a sharp downside move in the XRP/USD pair below the $0.4500 support. The price surpassed a major bullish trend line with support at $0.4550 on the hourly chart. Moreover, there was a break below the $0.4480 level and the 100 hourly simple moving average.

The decline was such that there was a spike below the $0.4340 support area. However, the price recovered sharply and moved back above $0.4340 and $0.4400. The current price action is positive above the 50% Fib retracement level of the last decline from the $0.4603 high to $0.4263 low. On the upside, the price may face sellers near the $0.4500 level. There is also a connecting bearish trend line formed with resistance at $0.4485 on the hourly chart of the XRP/USD pair. Besides, the 61.8% Fib retracement level of the last decline from the $0.4603 high to $0.4263 low is at $0.4473. Therefore, the price may find a strong selling interest near $0.4480 and $0.4500.

Looking at the chart, ripple price is showing positive signs above $0.4400. If it declines once again, the $0.4340 support is likely to hold losses in the near term. To the topside, a break above $0.4500 is needed for an upside acceleration towards $0.4600.

Looking at the technical indicators:

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

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

Major Support Level – $0.4340

Major Resistance Level – $0.4500

The post Ripple Price Analysis: XRP/USD’s Downside Thrust and Reversal appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 0.5227 (-0.14%)
Объем 24H $901.375m
Изменеия 24h: 0.92 %, 7d: 3.35 %
Cегодня L: $0.5225 - H: $0.5244
Капитализация $28.899b Rank 7
Цена в час новости $ 0.463 (12.89%)

ripple usd xrp price pair 4485 support

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

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