BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

After Losing 7%, Ripple Struggles To Maintain Previous Support From September (XRP Price Analysis)

After Losing 7%, Ripple Struggles To Maintain Previous Support From September (XRP Price Analysis)

XRP dropped by 4.5% over the past week as it trades at $0.232 today.
The coin returned to the support at the .618 Fib Retracement, which supported the market in early September.
Against Bitcoin, XRP is attempting to keep itself above the 2200 SAT level.

XRP/USD – Market Returns To Early September Support
Key Support Levels: $0.228, $0.22, $0.215.
Key Resistance Levels: $0.235, $244, $0.257.
XRP fell beneath a rising trend line on Monday as it collapsed below the 100-days and 200-days EMA to return to the .618 Fib Retracement support at $0.228. This level had prevented the market from slipping further during the early September decline, and a break beneath here is likely to cause XRP to unwind toward $0.2. It’s currently down about 7% in the past two days.
Before breaking beneath the rising trend line, XRP was slowly grinding higher but was unable to overcome resistance at $0.257 (bearish .3282 Fib Retracement). This will now be the level to break if XRP would like to begin any sort of bullish momentum.
XRP/USD Daily Chart. Source: TradingView
XRP-USD Short Term Price Prediction
If the sellers break the $0.228 level (.618 Fib Retracement), the first level of support beneath lies at $0.22. This is followed by support at $0.215 (downside 1.272 Fib Extension), $0.21, $0.206 (downside 1.414 Fib Extension), and $0.2.
On the other side, the first level of resistance lies at $0.235 (200-days EMA). This is followed by resistance at $0.244 (100-days EMA), $0.257 (bearish .382 Fib), and $0.266 (bearish .5 Fib).
XRP/BTC – Buyers Attempting To Defend 2200 SAT
Key Support Levels: 2200 SAT, 2170 SAT, 2111 SAT.
Key Resistance Levels: 2250 SAT, 2300 SAT, 2333 SAT.
The situation is quite troublesome against Bitcoin. In early September, the market found support at the 2275 SAT level. However, last week XRP penetrated beneath this support and fell further below the 2250 SAT.
Over the past couple of days, XRP continued to fall until support was found at the 2200 SAT level yesterday.
XRP/BTC Daily Chart. Source: TradingView
XRP-BTC Short Term Price Prediction
If the sellers break beneath 2200 SAT, the first level of support lies at 2170 SAT (downside 1.414 Fib Extension). This is followed by support at 2111 SAT (downside 1.618 Fib Extension), 2070 SAT, and 2000 SAT.
On the other side, the first level of resistance lies at 2250 SAT. Above this resistance lies at 2300 SAT, 2333 SAT, and 2400 SAT.
The post After Losing 7%, Ripple Struggles To Maintain Previous Support From September (XRP Price Analysis) appeared first on CryptoPotato .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: After Losing 7%, Ripple Struggles To Maintain Previous Support From September (XRP Price Analysis)


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News