Ripple Price Weekly Analysis: XRP Primed For More Upsides

2019-2-10 09:00

Ripple price bounced back sharply and broke the $0.3000 resistance level against the US dollar. There was a break above a major bearish trend line with resistance near $0.2900 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.3000 support and the 100 simple moving average (4-hours).

Ripple price gained a strong bullish momentum against the US Dollar and bitcoin. XRP/USD is likely to extend the current wave towards the $0.3300 or $0.3400 resistance level.

Ripple Price Analysis

Recently, we saw a strong upward move above the $0.3250 level in ripple price against the US Dollar. However, the XRP/USD pair failed to break the $0.3340 level and declined sharply. It trimmed most its gains and revisited the $0.2850 support level. A strong support was formed near $0.2850, with a positive angle. Later, bitcoin, Ethereum, eos, litecoin and other altcoins rallied, which helped ripple to gain traction above the $0.3000 resistance. There was a solid upward move, with a close above $0.3000 and the 100 simple moving average (4-hours).

The price broke the 50% Fib retracement level of the last decline from the $0.3370 high to $0.2849 low. More importantly, there was a break above a major bearish trend line with resistance near $0.2900 on the 4-hours chart of the XRP/USD pair. The pair tested the $0.3180-0.3200 resistance area, where sellers emerged. Besides, there was a spike above the 61.8% Fib retracement level of the last decline from the $0.3370 high to $0.2849 low. Later, the price corrected lower and traded below the $0.3120 level.

Looking at the chart, ripple price is currently trading in a short term triangle with resistance at $0.3110. There could be a few swing moves, but the price may perhaps extend gains above the $0.3180-0.3200 resistance area. The next stop for buyers could be either $0.3320 or $0.3420 in the coming sessions.

Technical Indicators

4-hours MACD – The MACD for XRP/USD is about to move back in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level.

Major Support Level – $0.3000

Major Resistance Level – $0.3200

The post Ripple Price Weekly Analysis: XRP Primed For More Upsides appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.515 (-0.59%)
Объем 24H $1.19b
Изменеия 24h: 1.88 %, 7d: 0.13 %
Cегодня L: $0.515 - H: $0.5208
Капитализация $28.509b Rank 7
Цена в час новости $ 0.3033 (69.8%)

ripple xrp price 3000 above pair resistance

Источник: newsbtc.com

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


Will XRP’s Price Jump After Another Ripple Win Against the SEC Be Short-Lived?

According to analysis firm Santiment, XRP spiked 8% following news that the SEC’s appeal against Ripple was denied. The immediate aftermath saw Ripple’s native cryptocurrency, $XRP, experiencing a swift +8% surge, and it has swiftly become a focal point, constituting nearly a quarter of discussions related to the top 100 assets in the crypto space.

2023-10-4 10:19


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.

Bitcoin ETFs in the US see $15.7 million in outflows

Quick Take US Bitcoin ETFs saw an outflow of $15. 7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.