Connect with us

XRP

XRP Daily Price Forecast – February 11

Published

on

XRP/USD Medium-term Trend: Bullish

  • Resistance Levels: $ 0.61, $0.63, $ 0.65
  • Support Levels: $0.28, $0.26, $0.24

Last week, the XRP price was in the bearish trend zone. The crypto’s price was trading at its low at $0.29. On February 8, the bulls broke the EMAs, the bearish trend line and reached a high of $0.32. The crypto’s price retraced to a range bound movement. The bears broke the  EMAs but the bulls brought price above the EMAs.

The crypto’s price is now ranging at the support of the 26-day EMA. If the bears break the EMAs, the crypto’s price is likely to fall. On the other hand, if the crypto’s price is sustained above the EMAs, the crypto’s price is likely to rise. Meanwhile, the crypto’s price is above the EMAs which indicate that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.

XRP/USD Short-term Trend: Bearish

On the 1-hour chart, the XRP price is in a bearish trend zone. Last week, the bulls broke the EMAs as the price reached a high of $0.32. The crypto’s price was not sustained above the EMAs as the bears brought price to the bearish trend zone.

The crypto’s price is trading at $0.30 and it is likely to fall because the price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source.bitcoinexchangeguide

XRP

XRP surges by over 7% in an hour, as coin breaks out of bullish pattern

Published

on

XRP has been at the mercy of the bears in the market and has shown only a minimal recovery after the August 14 fall. However, the coin’s price shot up in the short term and breached its immediate resistance.

4-hour 

Source: Trading view

Source: Trading view

In the 4-hour chart of XRP, an ascending triangle was formed. After the massive fall on August 14, XRP’s price was observed to consolidate within the triangle and indicated a bullish breakout that could be underway. The breakout occurred on August 18 with the coin noting a growth of 8.26%, valuing the coin at $0.2861. The coin had not been able to recover from the fall and had been trading at $0.2698 as the green candle took the charge, at press time and pushed the price of the coin up.

1-hour

Source: Trading view

Source: Trading view

In the one-hour chart, XRP was forming another Ascending triangle pattern highlighting the bullish breakout to be imminent. Awesome Oscillator pointed towards a reduced bullish momentum, at press time and boosted the price of the coin to $0.2861, surpassing its immediate resistance that stood at $0.27.

Source:ambcrypto

Continue Reading

XRP

XRP breaks out of descending triangle as short-term prediction suggests further slump in price

Published

on

The price of XRP has been taking a hit since the fall of Bitcoin, and has been trading around $0.26. After the price broke on August 14, XRP had been observing alternate red and green candles, showing no sign of absolute recovery. Short-term prediction of XRP indicates a bearish pattern with no sign of relief.

12-hour chart

Source: Trading view

Source: Trading view

12-hour chart of XRP highlights breaking of a Descending Triangle pattern, indicating a further dip in price. The Descending Triangle extended for 36 days before breaking on the 37th day, noting a fall of 20.08% bringing the price of the coin to as low as $0.23. The coin made some recovery as the current price stands at $0.2654.

6-hour chart

Source: Trading view

Source: Trading view

As XRP broke the 12-hour pattern, it confirmed the bearish wave as it formed a bearish pennant in the 6-hour chart. The flagpole was formed following the August 14 fall of XRP, after which the price was noted to consolidate, converging into a pennant. According to the feature of this pattern, a breakout could be imminent for XRP taking the price of the coin back to the immediate support at $0.2368. The price has been consolidating over the past three days and could breakout within a couple of days.

Source:ambcrypto

Continue Reading

XRP

XRP’s chart indicates return of a bullish pattern. Could the price of the coin re-visit $0.76?

Published

on

The XRP’s price might have taken a hit over the past few days falling the Bitcoin dump. The coin has been moving towards stabilizing its price, but with the bears in the market, the recovery has been difficult. The short term prediction point towards a fall and rise trend in XRP’s price, while the long term prediction marks the return of an old fractal pattern.

1-Day

Source: Trading view

Source: Trading view

On September 2018, the price of the coin had slumped by almost 60% causing the value of the coin to slip from $0.6132 to $0.2450. The coin made a half recovery before falling further to $0.2700, while the support was marked at $0.2530. However, falling these tremendous falls, XRP bounced back hard with 184% growth taking the price of the coin to $0.7644.

Source: Trading view

Source: Trading view

Similarly, a fractal pattern was observed with the current trend as XRP trades at $0.2661, as the support stays strong at $0.2530. The crypto has been falling for the past few days and according to Awesome OScillator has a strong bearish hold.

However, like September 2018, the trend reversal could be underway making the price of the coin cross the long term resistance at 0.4744. If the XRP price re-traces the fractal pattern to a T, its price could breach the resistance and touch $0.7644.

Source:ambcrypto

Continue Reading
Open

Close