XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

CoinSpeaker

XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

In case the XRP price declines to the previous low of $0.28 and the price bounces then the traders should look for an opportunity to place a long position and take their profit at $0.38 price level.

XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple Price Analysis: XRP/USD’s Bullish Case Above $0.3800

Ripple price failed to break the $0.4000 resistance recently and declined against the US Dollar. XRP/USD could bounce back if buyers push the price above $0.3750 and $0.3800.
Key Takeaways:

Ripple price is facing a solid resistance near $0.3600 and $0.3750 levels.
XRP/USD is testing a major bearish trend line with resistance near $0.3600 on the 2-hours chart.
XRP must surpass the $0.3600 and $0.3750-0.3800 resistance zones to climb higher.

Ripple Price Analysis
After a major drop, ripple price found support near the $0.3285 level against the US Dollar. XRP/USD started an upward move and broke the $0.3500 resistance plus a bearish trend line with resistance at $0.3600.
The 2-hours chart indicates that the price traded above the $0.3800 resistance and the 23.6% Fib retracement level of the last slide from the $0.5317 high to $0.3286 low. However, upsides were capped by the $0.4000 resistance and the 100 simple moving average (2-hours).

Chart sourced by TradingView, Binance.
The price declined once again and moved below the $0.3800 and $0.3600 levels. It tested the $0.3400 zone and it is currently recovering above $0.3500. Buyers are currently attempting an upside break above a major bearish trend line with resistance near $0.3600 on the same chart.
Above the trend line, an immediate resistance is near the $0.3750 level and the 100 simple moving average (2-hours). Therefore, a proper break above the $0.3800 level is needed for a decent rebound in the near term.
In the mentioned case, the price could climb above $0.4000 and test the $0.4200 resistance. The next major resistance is near the 50% Fib retracement level of the last slide from the $0.5317 high to $0.3286 low.
On the flip side, if the price fails to climb above the $0.3750 and $0.3800 resistance levels, there could be a fresh decline. The main support is near the $0.3280 swing low, below which the price may perhaps test the $0.3000 support.
Overall, ripple price could rebound positively if there is a 2-hour close above $0.3800 and the 100 SMA. If not, XRP is likely to slide sharply below the $0.3280 swing low.
The post Ripple Price Analysis: XRP/USD’s Bullish Case Above $0.3800 appeared first on Coingape.
Source: CoinGape

XRP Price & Technical Analysis: XRP Again under Bearish Pressure

CoinSpeaker

XRP Price & Technical Analysis: XRP Again under Bearish Pressure

XRP is still slightly moving down on Thursday Nov 8, trading at $0.5169, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

XRP Price & Technical Analysis: XRP Again under Bearish Pressure

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple Price Analysis: XRP/USD Rally Exhausted, Buy Zones Analyzed

Ripple price surged higher and broke the $0.5500 resistance area against the US Dollar. XRP/USD is correcting sharply lower, but there are many supports near $0.5100.
Key Takeaways:

Ripple price surged higher recently and traded close to the $0.5700 level.
XRP/USD broke a major triangle resistance near $0.4600 on the 4-hours chart.
XRP is currently correcting lower, but it could find support near $0.5100.

Ripple Price Analysis
A major upward move started from the $0.4380 support area in ripple price against the US Dollar. XRP/USD surged higher and broke many resistances on the way up, including $0.5100 and $0.5500.
The 4-hours chart indicates that the price formed a solid support near $0.4380 and rallied above the 100 simple moving average (4-hours) to move into a bullish zone.
Ripple Price Analysis Chart source by TradingView
It broke a major triangle resistance near $0.4600 on the same chart to start the upward move. Buyers were successful in clearing the $0.4980 and $0.5100 resistance levels, which is an important bullish signal.
The price traded above the $0.5500 level and almost tested the $0.5700 level. A new monthly high was formed at $0.5692 and later the price corrected lower. It recently moved below the 23.6% Fib retracement level of the recent wave from the $0.4506 low to $0.5692 high.
However, the current wave is likely to find a solid support near the $0.5100 level, which was a resistance earlier. It also coincides with the 50% Fib retracement level of the recent wave from the $0.4506 low to $0.5692 high.
Below $0.5100, the next key support is near the $0.4980 level. As long as the price is above $0.4980, it remains supported for further upsides. On the upside, an immediate resistance is at $0.5650 followed by $0.5700, above which the price could accelerate higher towards the $0.5950 level.
The overall price action is very bullish and it seems like ripple price moved sharply into a bullish zone above $0.5000. In the short term, there could be bearish or corrective moves, but XRP remains supported near the $0.5100 and $0.4980 levels.
The post Ripple Price Analysis: XRP/USD Rally Exhausted, Buy Zones Analyzed appeared first on Coingape.
Source: CoinGape