Ripple (XRP) Price Could Extend Declines Versus Bitcoin (BTC)

2019-2-8 06:49

Ripple price failed to stay above the 0.0000880BTC support and declined further against bitcoin. XRP is under pressure and it remains sell on rallies near 0.0000880BTC and 0.0000900BTC.

Key Talking Points

Ripple price settled below the key 0.0000880BTC support level against bitcoin. XRP/BTC is following a declining channel with resistance at 0.0000860BTC on the 4-hours chart (Data feed via Binance). The price could correct higher, but the 0.0000880BTC and 0.0000900BTC resistances could prevent gains. Ripple Price Analysis

After trading towards the 0.0000980BTC level, ripple price faced a strong resistance against bitcoin. XRP to BTC formed a crucial top at 0.0000964BTC and later started a major downward move.

Looking at the chart, the price declined heavily and broke the key 0.0000920BTC and 0.0000900BTC support levels, opening the doors for more losses. The price traded below the 61.8% Fib retracement level of the last upward move from the 0.0000827BTC low to 0.0000964BTC high.

More importantly, there was a close below the 0.0000880BTC support and the 100 simple moving average (4-hours). The decline was such that the price recently tested the 0.0000850BTC support level.

Finally, the price settled below the 76.4% Fib retracement level of the last upward move from the 0.0000827BTC low to 0.0000964BTC high. At the outset, ripple price is following a declining channel with resistance at 0.0000860BTC on the 4-hours chart.

The current price action suggests that the price might break the channel resistance and correct above 0.0000860BTC in the short term. However, the previous support at 0.0000880BTC and the 100 simple moving average (4-hours) is likely to act as a strong resistance for buyers.

Above the 100 SMA, the price could recover further towards the 0.0000900BTC resistance, which is also a crucial pivot level. On the other hand, if ripple price fails to move above the 0.0000860BTC or 0.0000880BTC resistance levels, there is a risk of a further losses. An initial support is at 0.0000850BTC, below which XRP to BTC might accelerate towards the last swing low at 0.0000827BTC in the coming sessions.

The market data is provided by TradingView.

The post Ripple (XRP) Price Could Extend Declines Versus Bitcoin (BTC) appeared first on Ethereum World News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.526 (+0.12%)
Объем 24H $1.066b
Изменеия 24h: -0.76 %, 7d: -1.99 %
Cегодня L: $0.5247 - H: $0.5287
Капитализация $29.157b Rank 7
Цена в час новости $ 0.2904 (81.13%)

ripple bitcoin price xrp btc 0000880btc against

Источник: ethereumworldnews.com

ripple bitcoin → Результатов: 126


Фото:

Ripple Expects Trump Administration to Turn to XRP to Counter China’s Dominance Over Bitcoin Network

Could XRP be the Trump administration’s answer to China’s dominance over global Bitcoin supply? Does the U. S. government even care enough about this asset class to create new strategies along those lines? The answer to both questions — however speculative — is YES for Cory Johnson, Ripple’s chief marketing strategist.

2018-10-18 19:59


Фото:

Cobra: Bitmain контролирует 80 процентов хешрейта сети Биткоина

На прошлой неделе CEO Ripple Брэд Гарлингхаус обвинил Биткоин в чрезмерной централизации. По его словам, 51 процент монет принадлежат четырём майнерам из Китая. Анонимный сооснователь bitcoin. org и bitcointalk.

2018-6-20 17:00


Фото:

В середине недели криптовалюты торгуются разнонаправленно

Сегодня виртуальные валюты, входящие в первую пятерку по объему капитализации, торгуются разнонаправленно. Так, bitcoin не удалось удержаться на отметке в $6700. По данным Coinmarketcap на 8. 15 по мск, курс BTC просел на 1,40%, до $6636.

2018-6-20 08:35


Курс Bitcoin вырос, инвесторы становятся более оптимистичными

За последние 24 часа криптовалютный рынок вырос на 12 миллиардов долларов США, так как основные криптовалюты, включая Bitcoin, Ethereum, Ripple и Bitcoin Cash, прибавили в цене. Сообщение Курс Bitcoin вырос, инвесторы становятся более оптимистичными появились сначала на Freedman.

2018-6-19 11:01


Криптобиржа VCTRADE компании SBI Holdings добавила поддержку BTC и BCH

Японская SBI Virtual Currencies добавила поддержку двух ведущих криптовалют — биткоина и Bitcoin Cash, которые будут торговаться на криптобирже VCTRADE, управляемой компанией. Торговая площадка, запуск которой ожидался в начале этого года, открылась в первой декаде июня.

2018-6-19 20:02


Фото:

Confirmation Regarding Ripple XRP As A Security, What’s Been Said?

The security debate continues to surround Ripple and Ripple XRP, the native currency to the Ripple network. Very recently, the United States Securities and Exchange Commission (SEC) have spoken out stating that both Bitcoin and Ethereum do not carry the necessary attributes to be considered a security however, there’s still no official news regarding XRP.

2018-6-18 14:00


Фото:

Цена bitcoin опустилась ниже $6500

Bitcoin не смог удержаться на отметке в $6500 и потерял свои позиции. По данным Coinmarketcap на 8. 20 по мск, цена криптовалюты опустилась на 1,79%, до $6452. Капитализация цифровой монеты сократилась до $110 млрд.

2018-6-18 08:36


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.

Суд США отказался признать вторичные продажи активов на Coinbase торговлей ценными бумагами

Второй окружной апелляционный суд США на Манхэттене отклонил иск клиентов американской криптобиржи Coinbase, требовавших отмены собственных транзакций и финансовой компенсации за продажу незарегистрированных ценных бумаг.