Ripplepricepreidction
XRP-4h. The target of the sellers has been reached.In 3 days our previous XRP idea completely worked out.
Negative news restored the real price of the coin. The price returned to the range from which it began to grow wildly in November. As you can see, the update of the historical high of BTC allowed XRP buyers to go beyond the falling channel. However, there were not enough forces to continue growing .
Looking at the volume of trades during which the price of XRP fell, we can see that there are interested buyers who are willing to buy in the range of $0.3-0.32 .
Given the positive dynamics of BTC, a short-term growth trend to the range of $0.44-0.46 is quite probable . However, this requires the expulsion of all aggressive sellers from the market and gather strength.
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Ripple Price Forecast: XRP/USD Pivotal At $0.30
Ripple price stares into consolidation based on the sideways trending MACD.
XRP/USD could soon spike past $0.35 following a tentative symmetrical triangle breakout.
Ripple hit a monthly high at $0.3278 during the weekend session. The magnificent rally was then followed by a reversal that tested $0.24. Since then, effort and attention have been channeled towards not only bringing down the resistance at $0.30 but also sustain gains towards $0.40 and $0.55 respectively.
At the time of writing, XRP is trading at $0.3005. The immediate upside is limited by the 100 Simple Moving Average (SMA) at $0.3009. The shorter-term 50 SMA ($0.3031) is also in line to hinder growth above $0.30.
On the downside, immediate support is expected but not guaranteed at $0.30. Note that, the price is likely to remain pivotal at this same level in the current and even the upcoming European session.
Technically, sideways trading is likely to take place based on the horizontally trending Moving Average Convergence Divergence. As long as the indicator remains stable at the midline, XRP/USD would favor consolidation. Moreover, the MACD can be used as a signal for the direction the price would take after the consolidation.
On the other hand, the Relative Strength Index (RSI) shows that buyers are likely to lose traction in the coming sessions. The RSI is trending downwards under the midline (50). Continued downward action is likely to encourage more sellers to join the market, forcing XRP through expected support areas at $0.30, $0.28 and $0.24.
On the bright side, the formation of a symmetrical triangle pattern suggests a breakout is around the corner. And if followed through, it could result in massive gains above $0.3278 and shift the target to $0.35 and $0.40 respectively.
Ripple Intraday Levels
Spot rate: $0.3005
Relative change: -0.0027
Percentage change: -0.92
Trend: Bearish biased
Volatility: Low
Ripple Price Pivotal At $0.20 As Reversal To $0.19 Lingers
Ripple continues to narrow down at $0.20 after multiple rejections at the descending trendline.
XRP/USD poised for declines targeting $0.19 as observed with the deteriorating technical picture.
Ripple (XRP) is slowly easing into consolidation after hitting a wall at $0.21 in last week’s impeccable trading. The weekend session was characterized by sideways trading not only for Ripple but also for the other major cryptoassets such as Bitcoin and Ethereum.
At the time of writing, XRP/USD is pivotal at $0.20. The upside is capped by an ascending trendline (forming part of a falling triangle pattern). Several attempts have been made to break above the triangle resistance but have not yielded. Instead, XRP is narrowing its action around $0.20.
The immediate XRP/USD upside is limited by the 50 Simple Moving Average (SMA) in the 1-hour range. On the flip side, the immediate downside is embracing support at the longer-term 100 SMA.
From a technical perspective, bulls seem to be losing traction while the sellers’ grip becomes stronger. The Relative Strength Index (RSI) is falling towards the average after hitting a snag at 55. If the direction remains downwards and perhaps the RSI slides under the midline (50), Ripple is likely to plunge below the tentative support at $0.1950 and refresh the levels towards $0.19.
On the bright side, the Moving Average Convergence Divergence (MACD) shows that buying pressure has not been ousted entirely. The indicator holds above the midline as a show of strength from the bullish camp. Ripple needs to hold above $0.20 in order to allow buyers to keep their focus on higher levels at $0.21 and $0.25 respectively.
Ripple key Intraday Levels
Spot rate: $0.1996
Relative change: -00017
Percentage change: -0.87%
Trend: Bearish
Volatility: Expanding
Ripple’s Bullish Move After the Drop of 15%Today the digital money is encountering the bullish development in the estimation of the cryptographic money. All best ten cryptographic forms of money in the market are exchanging the green sign and it is invigorating to see after the long stretches of bearish qualities. Among the main three monetary forms Bitcoin, Ethereum and Ripple, XRP is abandoning the two monetary forms in the expanding worth and its worth is expanded by 4.49%. The Bitcoin and Ethereum encountering the increase of 0.49% and 1.24% individually.
Current Status of Ripple: The cash is as of now exchanging at an estimation of $0.248911 and its worth is expanding by 4.49%. The market capitalization of the money is $10,723,093,918 and the 24-hour volume of the cash is $1,433,341,084. The flowing stockpile of the money is $43,080,011,224 XRP and the ROI of the cash is 4,137.62%.
News Source : TheCoinRepublic