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

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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

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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.
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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.
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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.
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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.
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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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Ripple Price Analysis: XRP/USD Could Break $0.4300

Key Highlights

  • Ripple price struggled to break the $0.4650 resistance and declined below $0.4500 against the US dollar.
  • There was a break below an ascending channel with support at $0.4550 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently under pressure and it could even break the last swing low near $0.4300.

Ripple price failed to gain momentum against the US Dollar and Bitcoin. XRP/USD is back in a bearish zone with an immediate support near $0.4300.

Ripple Price Decline

Yesterday, there was a tiny upside move above $0.4550 in Ripple price against the US Dollar. The XRP/USD pair traded above the $0.4600 level, but it failed to move above the $0.4650 resistance area. More importantly, there was a failure near the previous swing high and the 100 hourly simple moving average. Lastly, the 50% Fib retracement level of the last drop from the $0.4946 high to $0.4292 low also prevented gains.

The price started a downside move and broke the $0.4600 support. There was also a break below an ascending channel with support at $0.4550 on the hourly chart of the XRP/USD pair. The pair is now trading well below the $0.4500 level and the 100 hourly SMA. An initial support is near the $0.4400 level, below which the price is likely to revisit the last swing low near $0.4300. Should sellers remain in control, there are chances of more declines below the $0.4300 level in the near term. The next support is at $0.4200 followed by $0.4080.

Ripple Price Analysis XRP USD

Looking at the chart, the price is trading in a bearish zone below $0.4500. To recover, it has to move above the $0.4550 resistance and the 100 hourly SMA. Finally, a push above $0.4650 is a must for an upside acceleration.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently moving in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level.

Major Support Level – $0.4300

Major Resistance Level – $0.4550

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Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights

  • Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar.
  • There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently trading near a major support zone at $0.4750 and the 100 hourly simple moving average.

Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD must hold the $0.4750 support to bounce back in the near term.

Ripple Price Support

After a major upside move, Ripple price found resistance near the $0.5245 level against the US Dollar. The XRP/USD pair formed a high at $0.5245 and started a downside correction. It declined below the $0.5000 support and moved into a short-term bearish zone. Moreover, there was a break below the 61.8% Fib retracement level of the last leg from the $0.4690 low to $0.5245 high.

Additionally, there was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair. The pair is now trading near a crucial support at $0.4750, which was a resistance earlier. More importantly, the 100 hourly simple moving average is positioned near the $0.4740 level to prevent declines. Therefore, as long as the price is above the $0.4750 support and the 100 hourly SMA, it is likely to bounce back in the near term. On the upside, an initial resistance is near the 23.6% Fib retracement level of the last decline from the $0.5245 high to $0.4750 low.

Ripple Price Analysis XRP USD

Looking at the chart, the price remains nicely supported near $0.4750. Should there be a break below this, the price could accelerate declines towards the $0.4500 support level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD gained momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently struggling well below the 50 level.

Major Support Level – $0.4750

Major Resistance Level – $0.4900

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Ripple Price Analysis: XRP/USD Accelerating Above $0.5200

Key Highlights

  • Ripple price rocketed higher and broke the $0.5000 and $0.5200 resistance levels against the US dollar.
  • There is a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently correcting lower, but it remains supported near $0.5100 and $0.5000.

Ripple price broke key resistances against the US Dollar and Bitcoin. XRP/USD is now placed in a bullish trend with supports above $0.5000.

Ripple Price Trend

There was a sharp upside move in Ripple price above the $0.4500 and $0.4800 resistances against the US Dollar. The XRP/USD pair climbed above a crucial resistance near $0.5000 to move into a bullish zone. Later, buyers were successful in pushing the price above the $0.5200 resistance which opened the doors for more gains. XRP price traded as high as $0.5242 before it started a downside correction.

It is currently testing the 23.6% Fib retracement level of the last wave from the $0.4689 low to $0.5242 high. It seems like the price is placed nicely in a bullish trend with many supports above $0.5000. There is also a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair. Around the trend line support, the 50% Fib retracement level of the last wave from the $0.4689 low to $0.5242 high is positioned. Therefore, if the price corrects lower, it is likely to find a lot of buying interest near the $0.5100 and $0.5000 levels.

Ripple Price Analysis XRP USD

Looking at the chart, the price is showing many positive signs above $0.5000. On the upside, a break above the $0.5240-50 resistance zone may well push XRP towards the $0.5500 level in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly reducing its bullish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is placed in the overbought zone with positive signs.

Major Support Level – $0.5100

Major Resistance Level – $0.5250

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