Ripple [XRP] Price Analysis: Reacts to The Double-Top Pattern – Looming Declines

Ripple is among the biggest daily losers following the struggle that bore no fruits at $0.3800.
Technical analysis show there is looming bear pressure that is likely to send Ripple further down.

Sellers are returning to the cryptocurrency market and this time, they have only one mission – to revenge. Ripple is among the biggest daily losers following the struggle that bore no fruits at $0.3800. The formation of a double-top pattern as observed on the 4-hour chart has seen buyers scatter as bears take over control.
Chart Source: TradingView
A double top pattern is usually associated with a trend reversal especially in the market that has been moving upwards. XRP/USD could not find support at $0.36,00, $0.3400 and even at $0.3200. The price extended the declines to the area around $0.31188.
The 4-hour chart shows Ripple having recovered to $0.3384 and is sitting comfortably above the 200 Simple Moving Average (SMA). The growing bullish momentum must clear the resistance at $0.3400 for a continued upward move past the broken trendline support.
Also Read: Bitcoin Technical Analysis: BTC/USD Indicators Suggest $5,800 is The Next Target
However, Technical analysis show there is looming bear pressure that is likely to send Ripple further down. The Relative Strength Index (RSI) in the 4-hour range has taken a hit from the high levels achieved in the first week of April (88.95). It has refreshed the lows reached on March 26 below 30.00. The signal is currently attempting to change the direction upwards.
The stochastic oscillator, on the other hand, is sloping further down after breaking below 50.00. The indicator was recently rejected from the levels close to the overbought range but it avoided the oversold region. A divergence from the signal line shows that XRP/USD is likely to continue trimming gains in the coming sessions on Thursday.
Key Technical Indicators:
RSI 4-hour: 37.31
Stochastic oscillator 4-hour: 39.84
200 SMA 4-hour: 0.3269
Resistance 1: $0.3400
Resistance 2: $0.3600
Resistance 3: $0.3800 (last week’s seller congestion area).
Support 1: 200 SMA 4-hour
Support 2: $0.3300
Support 3: $0.3000
Primary support area: $0.2800
 
The post Ripple [XRP] Price Analysis: Reacts to The Double-Top Pattern – Looming Declines appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: XRP/USD Expected to Reach $0.38 Price Level

Coinspeaker
XRP Price Analysis: XRP/USD Expected to Reach $0.38 Price Level
After price retracement, XRP price will incline further towards $0.38 resistance level in case the bulls double its momentum. The bears can only take over the market in case the resistance level of $0.36 holds.
XRP Price Analysis: XRP/USD Expected to Reach $0.38 Price Level

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin’s [BTC] Positive Break-out: BCH, LTC, ETH, XRP and other Altcoins Commence the ‘Alt-season’?

Bitcoin which was moving sideways in a small range near $3900, finally broke the $4000 resistance gaining 3% on the daily. The sideways movement of the market in the past week had left the traders uncertain, regarding the direction of the next big move in the Bitcoin price. However, a break above the range might suggest that bulls have taken control.
The total altcoin market capitalization (excluding Bitcoin) has gained 4.5% on the daily. Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH) are leading the altcoin market gains. The total market capitalization of cryptocurrencies broke the $140 billion-mark first time in 2019.
Altcoin Market Cap Excluding Bitcoin
Bitcoin Cash (BCH) and Litecoin (LTC) Amongst Top Gainers
Bitcoin Cash, the hard fork of BTC, is the leading the altcoin gains with a 17% rise on the daily index. The price of Bitcoin on 16 March 7: 00 am UTC is $157 trading higher from $133.3 on March 15, 2019.
LTC/USD chart on Coinmarketcap
Litecoin (LTC) is also nearing double-digit gains on the 24-hour timeline. It has gained 9% since yesterday trading above the $60 resistance at $61.95. LTC fundamentals and technicals have predicted affirmative action on the cryptocurrency since February 2019.
Top Dapps Platforms
Ethereum, Tron and EOS, the platforms with the most abundant Dapps on their Blockchain also gained considerably taking a cue from the market sentiments.
While Ethereum recorded a rise of 6.3% on the daily, EOS And TRON gained 5.38 and 3.66% respectively. Cardana (ADA) also rose by 7% as it sets sight on entering the top 10 cryptocurrencies by market capitalization.
XLM Retains its Gains, While XRP breaks-out?
Ripple’s XRP and Stellar Lumens (XLM) the two leading platforms providing seamless cross-border transfer of value to existing financial institutions also contributed to the total gains. XLM which had gained 20% at the beginning of the week gained another 3.75% riding on market bullish market sentiments.
1-D XRP/BTC chart on Bittrex
XRP broke the $0.315 resistance and a small break out from the channel was observed on XRP. The RSI signal is between the oversold and overbought conditions, hence, perfectly balanced.
The positive action in the cryptocurrency market especially the altcoins suggest that the accumulation period in cryptocurrency might have begun.
Do you think the ‘altcoin’ season is back again? Please Share your views with us.
 Disclaimer: The above reflects the thought of the author, please use your own judgment before making any investments.
The post Bitcoin’s [BTC] Positive Break-out: BCH, LTC, ETH, XRP and other Altcoins Commence the ‘Alt-season’? appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: Bulls Lose the Momentum, XRP/USD Continues to Consolidate

CoinSpeaker
XRP Price Analysis: Bulls Lose the Momentum, XRP/USD Continues to Consolidate
In case the Bears prevail over the Bulls the XRP price will decline towards $0.30, break the level and face the $0.28 demand level. Otherwise, the XRP price may still rally to the north.
XRP Price Analysis: Bulls Lose the Momentum, XRP/USD Continues to Consolidate

Continue reading at Coinspeaker
Source: CoinSpeaker

XRP Price Analysis: XRP/USD Expected to Breakout at $0.32

CoinSpeaker

XRP Price Analysis: XRP/USD Expected to Breakout at $0.32

If Bears push the coin to the lower trend line and the XRP price bounces, there would be a bullish rally and breakout at the upper trend line and the supply level of $0.32. If bears prevail over the bulls at the lower trend line, $0.30 support level is possible.

XRP Price Analysis: XRP/USD Expected to Breakout at $0.32

Continue reading at Coinspeaker
Source: CoinSpeaker

XRP Price Analysis: XRP/USD Trends of February 27–March 05, 2019

CoinSpeaker

XRP Price Analysis: XRP/USD Trends of February 27–March 05, 2019

In case the Demand level of $0.31 holds and the Bulls gain enough pressure, the XRP price will range towards $0.34 – $0.38. On the other side, the penetration of the $0.31 price level downside will make the XRP find its support at $0.28 demand level.

XRP Price Analysis: XRP/USD Trends of February 27–March 05, 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

Here’s How Ripple’s XRP Could Hit $589 or Even $11,400 One Day

CoinSpeaker

Here’s How Ripple’s XRP Could Hit $589 or Even $11,400 One Day

Recently, the XRP Community was divided among the lines of those who believe in a theory and those who don’t. The theory in question is whether XRP will reach $589 in price before the end of the year or even $10,000 one day.

Here’s How Ripple’s XRP Could Hit $589 or Even $11,400 One Day

Continue reading at Coinspeaker
Source: CoinSpeaker

This is How XRP Could Surge by 2000% and Hit $692 in 2019

CoinSpeaker

This is How XRP Could Surge by 2000% and Hit $692 in 2019

TheIndependentRepublic.com suggests that one day, XRP may surge by 2,000 percent and reach $692.30 per coin. However, this kind of crazy theory is possible in only one case. Which one? Find out below.

This is How XRP Could Surge by 2000% and Hit $692 in 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

XRP Price & Technical Analysis: XRP Being Timid

CoinSpeaker

XRP Price & Technical Analysis: XRP Being Timid

The investors are currently not very active with XRP, the crypto being bought and sold around $0.3182, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

XRP Price & Technical Analysis: XRP Being Timid

Continue reading at Coinspeaker
Source: CoinSpeaker

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