DayOfCrypto
  • Home
No Result
View All Result
DayOfCrypto
No Result
View All Result
DayOfCrypto
Home Other
ripple-(xrp)-price-trimming-gains-while-btc-&-eth-sliding

Ripple (XRP) Price Trimming Gains While BTC & ETH Sliding

by Admin
October 23, 2019
in Other
286 6
0
Share on FacebookShare on Twitter

  • Ripple price declined recently after it failed to climb above the $0.3030 resistance against the US dollar.
  • The price is currently trading below $0.2950, but it is holding the key $0.2850 support area.
  • There was a break below a key bullish trend line with support near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • There could be a short term upward move, but the price might struggle to clear the $0.2950 resistance.

Ripple price is correcting gains against the US Dollar and bitcoin. XRP price must stay above the $0.2850 support area to avoid more downsides in the near term.

Ripple Price Analysis

Yesterday, ripple made another attempt to surpass the $0.3030 and $0.3040 resistance levels against the US Dollar. However, XRP price failed to continue higher and a started a fresh decline.

It broke a couple of important supports near the $0.2980 and $0.2950 levels. Moreover, there was a close below the $0.2950 support area and the 100 hourly simple moving average. It opened the doors for more downsides below the $0.2940 level.

During the slide, there was a break below a key bullish trend line with support near $0.2940 on the hourly chart of the XRP/USD pair. Ripple even spiked below the $0.2900 level, but it seems like the $0.2880 support area acted as a strong buy zone.

A swing low was formed near $0.2871 and the price is currently correcting higher. It is testing the 23.6% Fib retracement level of the recent decline from the $0.3032 high to $0.2871 low.

On the upside, an immediate resistance is near the $0.2920 level and the 100 hourly simple moving average. Besides, the $0.2940 level might also act as a hurdle. The main resistance is near the $0.2950 level since it coincides with the 50% Fib retracement level of the recent decline from the $0.3032 high to $0.2871 low.

To start a fresh increase, the price must clear the 100 hourly SMA and settle above the $0.2950 resistance area. Conversely, the price may perhaps start another decline.

An immediate support is near the $0.2880 level. The main support is near the $0.2850 level, below which the price could turn bearish in the short term.

Ripple Price

Looking at the chart, ripple price is showing a few bearish signs below the $0.2950 and $0.2920 level. Having said that, the price could recover as long as there is no clear break below $0.2850.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently 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 Levels – $0.2880, $0.2850 and $0.2800.

Major Resistance Levels – $0.2920, $0.2950 and $0.3000.

The post Ripple (XRP) Price Trimming Gains While BTC & ETH Sliding appeared first on NewsBTC.

Admin

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Popular Tag

Adoption Banks Binance Binance Coin Bitcoin Bitcoin Cash Bitcoin Price Bitcoin Regulation Bitcoin SV Blockchain Central Bank China Coinbase Crimes Cryptocurrencies Cryptocurrency Exchange EOS Ethereum Ethereum Price Facebook Germany Government Investments Japan Law Libra Litecoin Markets Market Update Mining Payments Regulation Ripple SEC Security South Korea Stablecoin Stellar Switzerland Tokens Tradings Transactions USA Wallet XRP

Recent News

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

November 8, 2020
Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

November 8, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
Skip to toolbar
  • About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • AMP
    • View AMP version