XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Xrpusdsignal
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
#XRPUSD, Will it finally become an attractive currency again?A lot of the signs are still negative like the fact that the candles are still below the average moving lines 100, 200 and more, even so, we decided to focus on the buy signal.
The Ripple stopped at the resistance line (the yellow line) and responded as expected and currently the Ripple on a support line that could lead to increases.
The red cloud that accompanies the Ripple in the daily graph has come to an end.
The RSI is still only in the 55 areas and this gives us another room for further ups.
Target: $ 0.26
XRPUSD to climb from upside confirmation, potential bounce!
XRPUSD to climb from its upside confirmation at 0.24447 where it could potentially bounce further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.20785 where it could potentially rise further to 0.22555.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22555 where it could potentially drop further to 0.20951.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP (XRPUSD) Market Outlook | Daily Crypto Market BreakdownSimilar to BTC I feel that we are going to be falling lower soon. If XRP fails to break and close above 0.20 then I feel we could fall back down to 0.15 It is still to early to tell. I will update everyone if I see any changes in market conditions!
XRP Slides for Most of 2019XRP has now lost about 50% since the start of 2019 and yesterday touched the area below $0.18 support (2 years low) amid growing bearish pressure. We can only say - welcome to pre-Christmas volatility.
The RSI made reversal from its oversold area on both daily and H4 charts. This suggests that Ripple price action could continue upside towards $0.20. Further upward movement could come face to face with the resistance at the 50 (0.2126) and 200 ($0.2274) SMAs on the 4-hour chart. If more buyers emerge, XRP/USD can break and to stays above $0.2340 (the monthly high) and than the bulls will have a higher chance of seeing gains towards $0.30.
Barring another crypto meltdown, however, XRP/USD could re-test and breakout of $0.1790 low. In that event the next bearish target will be the 0.1705 support, followed by 0.1620.
What do you think about the performance of XRP?
Ripple makes a new low. Will we see a rebound?Ripple is falling back in the red territory and XRP made a new lifetime low of $0.19638, which is a bearish sign. The straight fall from $0.31519 has plunged the RSI into deeply oversold territory. The crypto asset’s value has been gravitating on a daily chart within a descending channel since June. The channel has been tested severally on both sides. Additionally, the price is trading below the 50-day and 100-day moving averages on H4 chart.
Ripple price recovery will not come easy as long as the RSI stays close to or below 30 (on daily chart). The gradual slope of the RSI hints that the path of the least hurdles is to the south. But at the same time, this could indicates that the selling pressure has been overdone and a relief rally is likely. But to be on the safe side, Ripple must correct above $0.23 and focus of levels above $0.25. 0.2500 area is a psychological key resistance and was used three times recently. If the daily candle closes anywhere near or above it then the bulls could get excited and to continue towards $0.30.
Failure to move back through to $0.22 levels could see Ripple’s XRP fall for a 3rd consecutive day. A fall back through the morning low $0.2135 would bring the first major support level at $0.2050 into play.
Barring a crypto meltdown, however, Ripple’s XRP should continue to steer clear of sub-$0.20 levels.
XRP/USD Remains In DowntrendRipple’s XRP has crashed below $0.2200 and touched $0.2089 during early Asian hours. The digital coin is down over 2% in recent 24 hours.
Right now the price is floating below the H4 100-day and 50-day SMAs curves. The daily RSI indicator has stays inside the oversold zone, while the MACD indicates increasing bearish momentum, following a period of convergence.
A sustainable move below $0.2100 may trigger a sell-off towards November 25th low at $0.2033 which is our nearest target.
The first resistance is created by psychological $0.2200, followed by $0.2250 (the middle line of 4-hour Bollinger Bands and 50 SMA). We prefer the bearish scenario till the pair still trading bellow 0.2500.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22278 where it could potentially drop further to 0.20000.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.