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

Will XRP Manage to Break $0.40 or is Another Drop Incoming? (Ripple Price Analysis)

Will XRP Manage to Break $0.40 or is Another Drop Incoming? (Ripple Price Analysis)
After seven weeks, XRP managed to push back above $0.4, but the bears were quick to push the price back below it. In order for the bullish structure to remain valid, the bulls must not allow the price to go below $0.33.
Technical Analysis
By Grizzly
The Daily Chart
The bullish structure resulting from the formation of higher highs and higher lows is visible in the following chart. Late last week, the bulls succeeded in their third attempt to break the resistance zone in the $0.37-$0.39 range (in yellow). This extended the price towards the 100-day moving average (in white), although it was not reached or surpassed.
The bears defended this level, resulting in a fake breakout appearing on the chart. The pair is currently trading below the resistance zone, and the MA100 is approaching this level.
The bullish structure would be even stronger if the bulls can push XRP above $0.41. A break and close above this resistance would signal the start of a rally with a target of $0.5. By contrast, if buyers fail to impede the recent decline above $0.33, the bullish structure would be invalidated.
Key Support Levels: $0.33 & $0.30
Key Resistance Levels: $0.39 & $0.41
Daily Moving Averages
MA20: $0.36
MA50: $0.34
MA100: $0.40
MA200: $0.57
Source: TradingView
The XRP/BTC Chart
Against BTC, the cryptocurrency is fluctuating between the 100-day moving average from the down-side (in yellow) and the 200-day moving average from the up-side (in white). This has caused the price to range between two support and resistance zones ranging from 1500 SATs (in green) to 1700 SATs (in red). No significant movement can be expected until the price breaks out of this tight range-bound.
Key Support Levels: 1500 SATs & 1370 SATs
Key Resistance Levels: 1700 SATs & 2100 SATs
Source: TradingView

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

Read the full Article:  ⭲ Will XRP Manage to Break $0.40 or is Another Drop Incoming? (Ripple 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



SneakPeek Script
Setup, Upload and Go!