XRP Price Analysis: XRP Daily Chart

A look at the Daily chart for XRP shows that price is very close to the $0.26-$0.28 support area, currently trading at $0.31.

Price is trading below the 7, 21, 50 and 200-period moving averages and the Ichimoku cloud and is facing very close resistance from the 7-period MA.

Furthermore, there is a part of the projected Ichimoku cloud which is positive and through which price can breakout.

Furthermore, the MACD has made a bullish cross and is moving upward.

There is no bullish or bearish divergence in the RSI.

I believe that during these next two weeks price will fall to the support area at $0.26-$0.29, before preparing to either make a move upward to the $0.4 resistance or break down to the next level of support at $0.14-$0.17.

A look at the Daily chart for Dogecoin shows that price is trading at $0.0019, following a descending support line.

Price is below the 7,21,50,200 period moving averages and the Ichimoku cloud.

Furthermore, the price is facing very close resistance from the 7-period MA.

Price is currently inside the long-term support area, and it is developing significant bullish divergence in the RSI.

There has been minimal movement in the MACD over the past month, indicating a lack of strength in the market from both bears and bulls.

I believe that price will not break down from the $0.02 support area and descending support line, and after a period of consolidation will eventually make a move upward to the resistance area at $0.028-$0.029.

A look at the Daily chart for IOTA shows that price is trading at $0.257, inside the $25-26 minor support area which coincides with the 0.786 fib level.

Price is below the 7,21,51 and 200 period moving averages and the Ichimoku cloud.

Furthermore, a bearish cross has occurred between the 7 and 21 period MAs and price is facing very close resistance from the 7-period MA.

However, the projected cloud from February onwards is positive. Also, the MACD is steadying and setting itself up for a bullish cross.

If the support area does not hold, the next one will be found at $0.2.

The next significant resistance area is at $0.44-$0.46.

In the 6-hour chart, we can see that price is trading in a descending wedge and developing significant bullish divergence.

I believe that during the next week price will break out of the descending wedge, and head for the short-term resistance provided by the 0.5 and 0.88 fib ratios at $0.3 and $0.36 respectively.

A look at the Daily chart for Stellar shows that price is trading at $0.083, slightly below the final support area at $0.085-$0.1 and following a descending resistance line.

Price is trading below the 7, 21, 50, 200 period moving averages and the Ichimoku Cloud and is facing very close resistance from the 7-period MA.

Furthermore, the MACD has made a bearish cross and is falling.

However, the price is developing significant bullish divergence in the RSI.

I believe the support area will hold and during February price will start an upward move to the medium-term resistance area at $0.13-$0.14.

A look at the Weekly chart for DASH shows that price is currently trading at $68, very close to the $50-$60 long-term support area.

Price is trading below the 7,21,50,200 period moving averages which have made numerous bearish crosses and the Ichimoku Cloud.

However, there is bullish divergence developing in the MACD, which has also made a bullish cross and is heading upward with significant strength.

The RSI was below 30 for a short period of time, before bouncing up and settling in at 32.

I believe that DASH will consolidate in the medium-term, possibly drop to the support area at $50-60, before eventually making an upward move to the resistance area at $130-$140

A look at the Daily chart for XMR shows that price is within the support area at $40-$45 and is facing very close resistance from the 7-period moving average.

Furthermore, the price is trading below the 7,21,50,200 period MAs and the Ichimoku Cloud.

After the upward move to $56, the price has retraced all the way to $43, which corresponds with the 0.786 fib ratio.

Furthermore, the price is developing bullish divergence with the RSI. It is worth mentioning that there has been virtually no movement in the MACD for the past two weeks.

I believe that price will retrace fully from the upward move, falling down to $40 during the next two weeks.

A look at the Daily chart for NEO shows that price is currently trading at $7.1, below the 7-21,50,200 period moving averages and the Ichimoku Cloud.

Furthermore, the price is facing very close resistance from the 7-period MA which has just made a bearish cross.

It is worth mentioning that the projected cloud is positive from February onward.

The RSI is at 40, indicating neither overbought nor oversold conditions, while the MACD is negative and going down without a lot of power.

I believe that during the next two weeks price will start a rally to the resistance area at $9-$10.

A look at the Daily chart for TRX shows that price touched the resistance area at $0.29-$0.31 and quickly retraced to $0.26 where it is trading now.

Price has developed significant bearish divergence in both the RSI and the MACD, the latter having made a bearish cross.

I believe that during the next two weeks the price of TRX will fall down to the support area at $0.18-$0.19.

XRP, Dogecoin, XLM, IOTA, Monero, Dash, Neo, Tron: Price Predictions, Feb 2 was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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