XRP/USD Technical Analysis: Signs of a small bull run imminent in the shorter time-frame

XRP, the second-largest cryptocurrency in the world, still holds its position with a market cap of $13 billion and 24-hour trading volume at $370 million.
Most of the trade volume for XRP comes from ZB.COM exchange via trade pair XRP/BTC. The price of XRP is at
$0.32, however, is on a slight rise today.
1-hour
Source: TradingView
The uptrend for XRP in the one-hour time frame has vanished into thin air, while the downtrend strengthens as it extends from $0.3860 to $0.3247. The support at $0.3205 was breached January 20, 2019, at 12:00 UTC. The prices have resurfaced after a brief dip. The resistance at $0.3426 and $0.3806 are holding steady.
The Parabolic SAR indicator shows a positive trend for XRP as it is seen placed below the price candles in the charts.
The MACD indicator shows a bullish crossover, which started at 22:00 UTC and is close to crossing over to the top of the zero-line.
The Awesome Oscillator also shows decreasing green bars that have spawned and are at the verge of crossing over to the top of the zero-line, indicating a bullish crossover.
1-day
Source: TradingView
XRP’s trend lines in the one-day chart show a similar trend where the uptrend has not gained significant momentum yet. The uptrend extends from $0.2931 to $0.3215. The downtrend ranges from $0.9027 to $0.3754. In this timeframe, XRP being supported at $0.2627, while resistance lines are still holding strong at $0.5821, $0.6899, and $0.9027.
The Aroon indicator shows a downtrend that has gained excessive momentum, while the uptrend is failing to neutralize it.
Chaikin Money Flow, as seen in the chart above, has crashed and burned, indicating that the larger timeframe for the coin is in the bear’s territory.
The RSI shows a similar construct for XRP as the momentum of sellers is increasing, while the buyers are shying away from them.
Conclusion
The one-hour shows a bullish trend for XRP’s prices, as all the indicators [SAR, MACD, and AO] show that bulls’ are taking the prices on a rally. The longer timeframe for XRP shows a slight bear trend as the indicators Aroon, CMF, and RSI all indicate a downtrend.
The post XRP/USD Technical Analysis: Signs of a small bull run imminent in the shorter time-frame appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: The bulls are nowhere to be seen as the bears have pressured them out

XRP prices have decided to take a break after their massive Christmas rally along with other cryptocurrencies. The prices for XRP are currently trading at $0.37 with a market cap of $15.29 billion.
The 24-hour trading volume can be seen hanging at $761 million with most of the trading volume coming from a Japanese exchange called, Bitbank via the trading pair, XRP/JPY. This exchange contributes to a total of ~13% of all the trading volume. Korean exchange, Upbit follows this exchange contributing a total of 10% of trading volume via the trading pair XRP/KRW.
1 Hour
Source: TradingView
The uptrend for XRP ranges from $0.2919 to $0.3794, while the downtrend extends from $0.4551 to $0.3841. The prices are being supported at new support which was formed after the downtrend that began on the Christmas Eve and ended on December 25, 3:00 UTC. The support at $0.3771 is holding the current prices from sinking deeper. The resistance points are seen hanging at $0.4040 and $0.4554.
The Parabolic SAR markers are formed above the price candles and seem to be presenting a bearish pressure for XRP prices.
The MACD tried hard to get rid of the bullish crossover and get above the zero-line but failed as it underwent another bearish crossover due to bearish pressure.
The Awesome Oscillator shows a bearish crossover, as well as the red bars, have migrated to the bottom of the zero-line.
1 Day
Source: TradingView
The one-day chart for XRP shows no sign of an uptrend but the downtrend extends from $0.4141 to $0.9027. The prices in the longer time frame are supported at $0.2627, while the resistance lines can be seen at $05821, $0.6899, and $0.9027.
The Bollinger Bands are seen to be shrinking as the volatility has left the market for XRP, the prices are well above the simple moving average which indicates a bullish trend.
The RSI is also trending in an uptrend fashion and struck the 60-line, which indicates that the buying momentum in the market is high.
The Chaikin Money Flow indicates otherwise as it is still below the zero-line and is undergoing a bearish divergence.
Conclusion
The one-hour chart for XRP shows a bearish downtrend, but the prices are holding above the major support line. The bearish trend is clearly indicated by the SAR, MACD, and Awesome Oscillators. The one-hour for XRP is showing partial bullish pressure in the market, while the money is still flowing out of the market as indicated by the CMF, which is undergoing a bearish divergence.
The post XRP/USD Technical Analysis: The bulls are nowhere to be seen as the bears have pressured them out appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Fun roller-coaster ride is over; bear attack imminent

XRP had a fantastic rally today as it rose by 16% and the prices reached an approximate $0.33, while the market cap reached ~$14 billion.
The 24-hour time frame shows the trading volume at $862 million, and most of the trading volume is contributed by Japanese exchange BitBank via the trading pair XRP/JPY as it contributes a total of ~16% [$158 million].
1-hour
Source: TradingView
The one-hour chart shows an uptrend that extends from $0.2981 to $0.3358 and has started receding already. The downtrend extends from $0.3815 to $0.3533. XRP has broken the support at $0.2940 and set up a new support at $0.2866. The resistance points are too far from the actual candles and are hanging at $0.3533 and $0.3752.
Parabolic SAR shows the formation of markers above the prices, indicating that the uptrend has ended and bearish pressure has rolled back into the market.
MACD indicator also shows receding bullish signs and a take over by bears as the MACD line has crossed the signal line to the bottom, indicating a clear bearish crossover for XRP.
The Awesome Oscillator shows a transition of green lines into red lines, which is a clear indication of the decrease in prices.
1-day
Source: TradingView
Today’s XRP rally didn’t dent even a little bit when seen in the longer time frame of the one-day chart, as there is uptrend erupting. The downtrend, however, ranges from $0.3379 to $0.9027. The prices are being supported at $0.2627, with resistance points hanging at $0.5821 and $0.6899.
The Aroon indicator shows that the downtrend line has hit the 100-line, which indicates that downtrend has come around from the corner and is in progress. The uptrend line in the Aroon indicator for one-day chart has collapsed to the bottom indicating that uptrend has expired.
The Stochastic indicator shows that it is trying to recover after undergoing a terrible crash.
The Chaikin Money Flow shows a crashed indicator that doesn’t seem to be stopping as sellers have taken control over the XRP market.
Conclusion
The one-hour chart looks grim as XRP has had its upward roller coaster ride and is now on a downward trend. which is clearly indicated by Parabolic SAR, MACD, and Awesome Oscillator. The one-day chart for XRP shows an equally bleak downtrend for the day, as the Aroon and CMF are both indicating a bear trend, while only Stochastic indicator shows positive signs.
The post XRP/USD Technical Analysis: Fun roller-coaster ride is over; bear attack imminent appeared first on AMBCrypto.
Source: AMB Crypto

Ripple’s XRP performance recap: A look back at token’s prices in the brutal bear market of 2018

Ripple and XRP have both had a very exciting year thus far in the brutal bear market when it comes to adoption and developments. The prices, naturally, have suffered the consequences of the bear market.
XRP, like all other cryptocurrencies at the start of 2018 was reminiscing the bull run so far, XRP in the first week of 2018 had just taken over Ethereum to become the world’s second-largest cryptocurrency. XRP was trading at a whopping $3.19 with a massive market cap of $123 billion earlier this year.
Source: CoinMarketCap
The prices took a major fall within the next three days, causing the prices to get slashed in half. XRP on January 11, 2018, were trading at a depreciated price of $1.75 and the market cap also followed the same trend and was at $66 billion.
XRP tried to get back up, as a result, the prices reached $2.10 mark, and the market cap at $81 billion, but this was ephemeral.
Furthermore, the prices took a critical hit at the end of the first week of February as the prices slipped into a free fall, reaching a low of $0.58.
The only significant rally that XRP saw after this point was on February 10, when the prices reached $1.25, post this point, all XRP saw was a boring sideways trend, which lasted all the way from mid-March to the current date.
The prices have hugged the $0.40 to $0.50 range very closely causing the entire markets for cryptocurrencies to consolidate.
The only major movement seen in this god-forsaken sideways trend was on September 30, 2018, when the prices reached $0.60 and the market cap hit $24 billion.
XRP remained patiently as the third-largest cryptocurrency all the way through mid-2018. However, there were a few times when XRP did overtake Ethereum, but was short-lived, although when XRP overtook ETH in mid-September, it was the last time XRP ever decided to fall back.
XRP prices as of December 16, 2018, were trading at $0.2910 with a measly market cap of $11.19 billion, and 24-hour trade volume at $326 million.
Most of the trade volume for XRP is coming from an exchange which is not among the famous exchanges, but from an exchange called ZB.COM through the XRP/BTC trading pair. This exchange contributes a staggering ~$40 million to the overall trade volume.
Following it is the Japanese exchange Bitbank, which contributes $38 million via the XRP/JPY trading pair.
The community and the prices for XRP deserves a break from the bear run and some sort of good news, which might already be on its way, with Ripple announcing partnerships with many financial institutions and banks.
The post Ripple’s XRP performance recap: A look back at token’s prices in the brutal bear market of 2018 appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Bear market pulls down token; no respite in sight

XRP, the second-largest cryptocurrency by market cap, has not been spared by the bear market as the prices of XRP are desperately trying to stay above the $0.30 line.
The market cap for XRP is holding at $12.152 billion, and the 24-hour trade volume is at $290.01 million. Most of the volume for XRP is coming from Japanese exchange Bitbank via trading pair XRP/JPY, which contributes $30.78 million of the total trading volume.
1-hour
Source: TradingView
XRP prices, as seen in the chart, show a rather sad state that most of the cryptocurrencies are in. The uptrend has long been lost in the history of bull runs, while the downtrend extends from $0.4394 to $0.3021. The prices are holding the support at $0.2940 steady, with resistance points seen hanging at $0.4040 and $0.4270.
The Bollinger Bands indicate a bearish outlook for XRP in the one-hour chart as the prices are hanging below the simple moving average. The bands are contracting, which indicates that the volatility has reduced.
The MACD indicator is also depicting a bearish presence for XRP markets as the lines have fallen below the zero-line in a bearish crossover.
The  Relative Strength Index is trying to stop free-falling but has been setting up lower lows instead.
1-day
Source: TradingView
The one-day chart also looks as bleak as the one-hour chart as there is no uptrend to be seen. The downtrend, however, extends from $0.9027 to $0.3119. The support for the one-day chart is seen at $0.2627, while resistance lines can be seen at $0.5821 to $0.6899.
The Parabolic SAR markers are seen materializing above the price candles, which indicates a bearish pressure to the price candles.
The Awesome Oscillator shows a transition of red lines into green, which means that the prices are increasing, but the lines are present below the zero-line in a big-picture point of view, which means that the signal is still bearish.
The Aroon indicator shows the Aroon downtrend is seen bouncing at 100-line, which means that the downtrend for XRP has overpowered the uptrend, and that is an overall bearish sign for XRP.
Conclusion
The one-hour chart for XRP  shows that the bears are in control of the market, which is, in turn, depicted by the indicators MACD, Stochastic, and the RSI. The one-day time frame also shows massive bearish signs as indicated by the SAR, Awesome Oscillator, and Aroon indicators.
The post XRP/USD Technical Analysis: Bear market pulls down token; no respite in sight appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Bears have overpowered the bulls in the brutal doom-December of 2018

The XRP prices have been down in the dumps for a long time as the bear market has been brutal yet fair to every cryptocurrency.
The market cap of XRP is holding steady at $12.58 billion with prices at $0.3074, and the 24-hour trade volume hanging at $363 million.
1 Hour
Source: TradingView
The uptrend for XRP doesn’t seem to be forming anytime soon in the one-hour time frame but the downtrend seems strong as it extends from $0.4955 to $0.3149. The support for XRP hangs at $0.2940, while the resistance points are seen hanging at $0.4040, $0.4270, and $0.4614.
The Bollinger Band shows an oversold exposure for XRP prices. The prices have breached the upper band indicating an oversold position for XRP
The MACD indicator shows a bullish crossover that is in progress and the prices have extended above the zero-line.
The RSI indicator for the one-hour time frame shows a clear overbought market, as the XRP has breached the overbought zone and is coming back in.
1 Day
Source: TradingView
The uptrend for XRP doesn’t seem to be forming in the one-day time frame, while the downtrend $0.9027 to $0.3119
The support line for XRP can be seen holding steady at $0.2627, while the resistance lines are seen ranging from $0.5821 and $0.6899.
The Parabolic SAR indicates a bearish presence for XRP as the SAR markers have formed above the prices candles.
The Aroon indicator shows the red-line that has gained prominence as it has hit the 100-line, while the green-line, which represents the uptrend has lost its strength as it is down in the dumps.
MACD indicator for XRP in the one-day time frame shows a prolonged bearish crossover that is still in play, but the lines are getting closer to each other.
Conclusion
The one-hour chart shows a very bullish sign for XRP prices as indicated by the Bollinger Bands, MACD and RSI. The opposite is true for the one-day chart as every indicator in the image above shows a bearish presence.
The post XRP/USD Technical Analysis: Bears have overpowered the bulls in the brutal doom-December of 2018 appeared first on AMBCrypto.
Source: AMB Crypto

XRP Price Analysis: XRP/USD Trends of November 7–13, 2018

CoinSpeaker

XRP Price Analysis: XRP/USD Trends of November 7–13, 2018

In case, the demand zone of $0.53 holds the XRP will rally to the north and the supply zone of $0.61 will be the next target.

XRP Price Analysis: XRP/USD Trends of November 7–13, 2018

Continue reading at Coinspeaker
Source: CoinSpeaker

XRP Price Analysis: FSB Subtle Endorsement of Ripple Positive for XRP

After Cory Johnson revelation that they have been in constant communication with the Trump administration, Ripple supporter should interpret this as positive. It appears as if this positivity is spreading. In a report the FSB said cryptocurrencies and blockchain could be viable alternatives if traditional payment means become expensive. This is a subtle endorsement for Ripple as it bids to replace SWIFT.
Latest Ripple News
There is a lot going on for Ripple but what should strengthen the holding wave are recent comments from Ripple. In an interview with BREAKER, the Chief Marketing Strategist at Ripple said the company regularly communicates with politicians and regulators not only in the US but across the world.
He went on to reveal the recent discussion they had with officials of the Trump administration saying that though they started on the low, he has been surprised with the level of knowledge they had about Ripple. To him, Ripple- a distinct company from Ripple Labs is a “whole different beast” with a unique consensus algorithm enabling complete decentralization.
At one point they talked about the level of centralization in Bitcoin where studies reveal that more than 75 percent of the total hash rate is in China. Consequently, this gives their government an upper hand should they want to want to cripple and destroy the network. Opposite from Bitcoin, there is no mining in Ripple. Furthermore, after implementing a decentralization strategy, Ripple control 48 percent of the total nodes in their unique node list.
According to a Twitter user, The Financial Stability Board and the G-20 could be bullish on cryptocurrencies because of the efficiency it tags along. While quoting a paragraph in a recent FSB report: “may become an option where current payment or banking services are less convenient or are slow and/or expensive”, Cory strongly believes that Ripple and the use of XRP could pick up, clipping some market share from SWIFT, a dominant cross border payment in use which is expensive.
XRP Price Analysis
Weekly Chart

Even though yesterday’s gains did reinvigorate the market, XRP is technically bullish. This is all thanks to the explosion of prices by week ending Sep 23. Coincidentally, behind that rally was a surge in market participation levels. In previous XRP trade plans we had mapped out potential reversal zones syncing with key Fibonacci retracement levels at 45 cents and 55 cents.
From the recent turn of events we suggest aggressive types to load at spot prices. But risk-averse traders need to trade once prices rally above the 55 cents mark. The level is the 38.2 percent Fibonacci retracement level marking the upper limit of our resistance zone. On the reverse side, losses below 40 cents cancel this upbeat projection.
Daily Chart

Back to the daily chart and it’s clear that bulls are in control. This is so because Oct 11 losses bulls have been successful in reversing Oct 11 losses. This mostly because of  Oct 15 rejections of prices below 40 cents. If anything, we recommend buying on pull backs in lower time frames. First targets would be at 55 cents, 65 cents and later 80 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post XRP Price Analysis: FSB Subtle Endorsement of Ripple Positive for XRP appeared first on NewsBTC.
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Ripple Price Analysis: XRP/USD Could Extend ABC Correction

Ripple price is correcting lower from the $0.7985 swing high against the US Dollar. XRP/USD could correct further towards $0.4000 or $0.3500 before an upside drift.
Key takeaways

Ripple price is currently correcting lower from the $0.7985 swing high.
XRP/USD is following a declining channel with resistance at $0.5010 on the 4-hours chart.
XRP price is likely to dip a few more points before it may recover above $0.6000.

Ripple price analysis
During the past few days, there was a bearish reaction below the $0.6000 support in ripple price against the US Dollar. XRP/USD declined recently and traded below the $0.5000 support level, and it is currently following a bearish structure.
The 4-hour chart indicates that the price started an ABC correction wave from the $0.7985 swing high. The first wave completed at $0.4365 and the second wave ended near the $0.6170 level.
Chart sourced by TradingView, Binance.
During the second wave, the price moved above the 38.2% Fib retracement level of the last drop from the $0.7985 high to $0.4365 low. However, the upside move was protected by the $0.6000-0.6150 resistance zone.
The price started the third wave of the ABC correction and declined below the $0.5500 support plus the 100 simple moving average (4-hours). It seems like the price was rejected from the 50% Fib retracement level of the last drop from the $0.7985 high to $0.4365 low.
Ideally, the third wave could end below the first wave low, which means there is a chance of a downside break below the $0.4365 low. At the outset, the price is following a declining channel with resistance at $0.5010 on the same chart.
Also, read: XRP Lauded by WTO as it Believes Cryptocurrencies can Transform Global Commerce
There are two possible scenarios, first – the price breaks the channel resistance resumes it uptrend towards the $0.5500 and $0.6000 resistance levels. Second, the price extends its slide and declines below the $0.4365 low to complete the C wave.
Overall, ripple price is still in a medium-term uptrend as long as the $0.3500 pivot and crucial support area are intact. On the upside, the main hurdles for buyers are near the $0.5250, $0.5500 and $0.6000 resistance levels.
The post Ripple Price Analysis: XRP/USD Could Extend ABC Correction appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s

Fundamental developments as formation of SAIV, objectives of Coil to turn XRP from a facilitator to a medium of exchange and increase coin listings at various exchanges is bullish. Aside from this, Nigel Green’s comments cement our bullish stand. This is further solidified by candlestick formations of the last two weeks and the increasing capital flow to XRP. Investment in XRP rose to $311 from $239 million in the last week.
Latest Ripple News
The FX market is a huge market and Forex Choice, a Belize regulated FX broker is placing XRP in the middle of the high $5 trillion market. Forex Choice enable traders to buy and sell currencies straight from their XRP dominated wallet. Many brokers and funds across the world are reaping huge benefits as speed, efficiency and low cost of doing business when they incorporate XRP. Aside from Forex Choice, Forex.com, and NordFX are some of the brokers allowing their clients to trade the XRP crypto market.
Perhaps a stand out among funds is Arrington XRP Capital. Although they were recently subpoenaed by the SEC for the second time this year, they denominate their fund in XRP. In an interview, Arrington XRP Capital founder Michael Arrington said there are massive cost benefits when using XRP. This is because the fund can move capital and incur negligible costs. Hopefully, court cases and subpoenas will reduces with Ripple leading a lobbying group, the SAIV, to advocate for better regulation.
The tide is also changing. For so long, XRP has been known as a settlement tool but Coil is changing this narrative. By using InterLedger Protocol (ILP), Stephan Thomas’s Coil wants to make XRP a currency and an avenue where internet companies can use the coin to settle. Just like fiat.
XRP Price Analysis
Weekly Chart

A stand out in the last week is that long lower wick signaling rejection of lower lows and resumption of bulls in line with week ending Sep 23. Though we retain a bullish outlook expecting prices to move higher in Q4 2018, what we need to see is a strong move above 80 cents in days to come. Notice that prices are still trending inside that trend defining bullish engulfing bar of week ending Sep 23.
In our analysis, what is important is that reversals were at important Fibonacci retracement levels coinciding with our previous resistance now support levels at 45 cents and 55 cents. Because of that, we expect prices to surge above $1 and probably print $1.65 before the end of the year. This is technically possible when we make projection basing our Fibonacci extension levels at week ending Sep 23 high low. Because of this, we recommend buying on every retracement in lower time frames with stops at 55 cents.
Daily Chart

From the chart, bulls are now trading above Sep 24 highs asserting their stand thanks to yesterday’s 10 percent gain. All things constant, we recommend trading according to the trend set out by Sep 18 bulls bouncing off main support at 25 cents. As such and as laid out above, our XRP trade plan today is to follow through by buying on dips in lower time frames with first targets at 80 cents and $1. Ideal stops should be at 55 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s appeared first on NewsBTC.
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Ripple Price Analysis: Sell XRP/USD On Rallies Near $0.3350

Key Highlights

Ripple price started a downside move from the $0.3550 swing high against the US dollar.
There was a break below a crucial bullish trend line with support at $0.3375 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair tested the $0.3120 support and it is currently at a risk of more losses below $0.3100.

Ripple price declined below key supports against the US Dollar and Bitcoin. XRP/USD could correct higher, but it will most likely face sellers near $0.3350.
Ripple Price Resistance
After trading a few points above the $0.3500, Ripple price faced sellers against the US Dollar. The XRP/USD pair formed a short-term top near the $0.3533 and later it started a downside move. The price declined and broke the $0.3400 and $0.3300 support levels. There was also a close below the $0.3350 level and the 100 hourly simple moving average.
During the decline, there was a break below a crucial bullish trend line with support at $0.3375 on the hourly chart of the XRP/USD pair. A fresh intraday low was formed at $0.3120 before the price found support. It is currently correcting higher and is trading near the $0.3200 level. An initial resistance is the 23.6% Fib retracement level of the last major decline from the $0.3533 high to $0.3120 low. However, the most important resistance is near $0.3350 and the 100 hourly SMA. Moreover, the 50% Fib retracement level of the last major decline from the $0.3533 high to $0.3120 low is also near $0.3325 to act as a resistance.

Looking at the chart, ripple could correct higher towards $0.3300 and $0.3350, but it is likely to face sellers. On the downside, a break below $0.3120 might take the price towards $0.3000.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is moving heavily in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level.
Major Support Level – $0.3000
Major Resistance Level – $0.3350
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Ripple Price Analysis: XRP/USD Sets Eyes on $0.4500

Key Highlights

Ripple price is forming a solid support base near the $0.4270 level against the US dollar.
There was a short-term break above a bearish trend line at $0.4320 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could move above $0.4370 to gain traction towards the $0.4500 level in the near term.

Ripple price is showing positive signs against the US Dollar and Bitcoin. XRP/USD has to move past $0.4370 to test the next hurdle near the $0.4500 level.
Ripple Price Resistances
There were many rejections noted near the $0.4270 level in Ripple price against the US Dollar. The XRP/USD pair formed a solid support base around $0.4270 and moved higher. The price traded above the 23.6% Fib retracement level of the last slide from the $0.4446 high to $0.4266 low. These are positive signs, but the price is facing a key resistance near $0.4370.
During the recent upside, there was a short-term break above a bearish trend line at $0.4320 on the hourly chart of the XRP/USD pair. However, the price faced a strong selling interest near $0.4365-70 and the 100 hourly simple moving average. Moreover, the 50% Fib retracement level of the last slide from the $0.4446 high to $0.4266 low also acted as a resistance. Therefore, there could be a minor downside push towards the $0.4300-20 zone in the near term. On the upside, a break above $0.4370 could open the doors for more gains towards the $0.4500 level.

Looking at the chart, the price remains well supported above the $0.4270 level. Should there be a break below this, the price may perhaps move towards the $0.4100 level. The overall bias is positive as long as the price is above $0.4270.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is placed in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving lower towards the 50 level.
Major Support Level – $0.4270
Major Resistance Level – $0.4370
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Ripple Price Analysis: XRP/USD’s Buy Zone Near $0.4350

Key Highlights

Ripple price held the $0.4270 support and recovered nicely against the US dollar.
There is a short-term connecting bullish trend line in place with support at $0.4370 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently declining, but it remains nicely supported near the $0.4350 and $0.4270 levels.

Ripple price jumped higher yesterday against the US Dollar and Bitcoin. XRP/USD is placed in a positive zone as long as it is above $0.4270.
Ripple Price Trend
After a major decline below the $0.4300 level, Ripple price found support near $0.4270 against the US Dollar. The XRP/USD pair formed a base and started an upward move above $0.4400. It even broke the $0.4500 level and the 100 hourly simple moving average. However, it failed to hold gains above the $0.4600 and declined sharply below $0.4500. There was even a close below the $0.4500 level and the 100 hourly SMA.
An intermediate low was formed at $0.4329 before the price moved back higher. It tested the 50% Fib retracement level of the last drop from the $0.4607 high to $0.4329 low. The upward move was capped by $0.4490 and the 100 hourly SMA. The price is again declining towards the $0.4370 support. There is also a short-term connecting bullish trend line in place with support at $0.4370 on the hourly chart of the XRP/USD pair. As long as the price is above the $0.4370 support, it could bounce back above the $0.4500 level.
ech
Looking at the chart, the price is placed nicely above the $0.4370 and $0.4270 support levels. Below $0.4270, the price may extend declines towards the $0.4100 level. On the upside, a proper break and close above the $0.4500 resistance is required for more recoveries.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently sliding below the 50 level.
Major Support Level – $0.4270
Major Resistance Level – $0.4500
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Ripple Price Analysis: XRP/USD Could Explode Soon?

Key Highlights

Ripple price is trading in a range above the $0.4300 support area against the US dollar.
There is a short-term contracting triangle formed with resistance near $0.4560 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could accelerate gains once it breaks the $0.4600 and $0.4700 resistance levels in the near term.

Ripple price is briefly consolidating in a range against the US Dollar and Bitcoin. XRP/USD could explode once the current consolidation phase is over.
Ripple Price Resistances
During the past few days, Ripple price mostly traded in a range above the $0.4300 level against the US Dollar. The XRP/USD pair made a few attempts to break the $0.4600 and $0.4700 resistance levels, but it failed. At the moment, it is consolidating above the $0.4400 level and is likely preparing for the next move. A successful close above the $0.4700 hurdle is must for ripple buyers to take control.
An initial resistance is near the 50% Fib retracement level of the last decline from the $0.4690 high to $0.4437 low. There is also a short-term contracting triangle formed with resistance near $0.4560 on the hourly chart of the XRP/USD pair. The triangle resistance at $0.4560 is positioned near the 100 hourly simple moving average. A break above this could push the price towards the $0.4700 resistance. An intermediate resistance is the 76.4% Fib retracement level of the last decline from the $0.4690 high to $0.4437 low.

Looking at the chart, the price may continue to trade in a range below $0.4700 for the next few sessions. Above $0.4700, the price may well accelerate above $0.5000 towards $0.5500. On the downside, the price must stay above the $0.4400 and $0.4300 support levels to avoid more declines.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is not moving much in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is not signaling any major move.
Major Support Level – $0.4500
Major Resistance Level – $0.4700
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Ripple Price Analysis: XRP/USD Sighting Break Above $0.4700

Key Highlights

  • Ripple price is slowly recovering and is currently trading above $0.4500 against the US dollar.
  • There is a major bearish trend line in place with resistance at $0.4680 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to break the $0.4680 and $0.4700 resistance levels to make a nice upward move.

Ripple price is facing tough barriers against the US Dollar and Bitcoin. XRP/USD may perhaps break the $0.4700 resistance to move into a bullish zone.

Ripple Price Resistance

There were solid gains in bitcoin price above $8,000 recently, but Ripple price faced many challenges against the US Dollar. The XRP/USD pair traded a few points higher above $0.4500, but it struggled to gain momentum. A swing low was formed near $0.4400 before the price moved above the $0.4600 level and the 100 hourly simple moving average. There was also a break above the 23.6% Fib retracement level of the last decline from the $0.5242 high to $0.4290 low.

However, the price is currently facing a major resistance near the $0.4700 level. There is also a major bearish trend line in place with resistance at $0.4680 on the hourly chart of the XRP/USD pair. The 38.2% Fib retracement level of the last decline from the $0.5242 high to $0.4290 low is also near the $0.4660 level. Therefore, there are many resistances around the $0.4700 level for buyers. Should there be a close above $0.4700, the price may accelerate gains towards $0.5000.

Ripple Price Analysis XRP USD

Looking at the chart, the price is likely to break the $0.4680 and $0.4700 resistance levels. If not, there is a risk of a downside move towards the $0.4500 support and the 100 hourly SMA. Below this, the next support is near the $0.4400 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is about to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently placed above the 50 level.

Major Support Level – $0.4500

Major Resistance Level – $0.4700

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