Sunday, 10 February 2019

Latest News - Ripple Price Weekly Analysis: XRP Primed For More Upsides

Latest News - Ripple Price Weekly Analysis: XRP Primed For More Upsides - how are you, friend Latest News , The article that you read this time with the title, namely Latest News - Ripple Price Weekly Analysis: XRP Primed For More Upsides, we have prepared this article very well for you to read and take information in it. hopefully the post content Artikel Bitcoin, Artikel Cryptocurrency News, Artikel news, Artikel trading, I hope the articles we write can be well understood. alright, happy reading.

trending topic world wide


  • 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.

Ripple Price Analysis XRP Chart

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.



from NewsBTC http://bit.ly/2SEZZVr




Thus the article Latest News - Ripple Price Weekly Analysis: XRP Primed For More Upsides

Slook at my article about Latest News - Ripple Price Weekly Analysis: XRP Primed For More Upsides this time, hopefully it can provide benefits to all of you if it is useful, please share this article to your friends or relatives on social media like Facebook, Twitter, and others. alright, see you in another article post.

You are now reading the article Latest News - Ripple Price Weekly Analysis: XRP Primed For More Upsides with the link address https://radar-lampung-post.blogspot.com/2019/02/latest-news-ripple-price-weekly.html

0 komentar:

Post a Comment

 
close