Xrpusdsignal
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.20785 where it could potentially rise further to 0.22555.
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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 $0.2250 (the middle line of 4-hour Bollinger Bands and 50 SMA). We prefer the bearish scenario till the pair still trading bellow 0.2500.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22278 where it could potentially drop further to 0.20000.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversing, potential drop!
XRPUSD reversed off 0.22133 where it could potentially drop further to 0.20000.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD : could drop below 0.14$ soonXRPUSD is trading in a downtrend channel on a Monthly timeframe.
XRPUSD rejected monthly resistance at 0.325$ in the Month of October and printed a bearish candle last month.
Bitcoin is bearish at this moment and could drop below 6000$ in the coming weeks, Bitcoin dominance could increase during bitcoin drop - which can also initiate a further drop in XRPBTC Value.
Drop in Bitcoin value, and XRPBTC Value could push the XRPUSD value down, and it may retest monthly support around 0.14$.
0.14$ acted as strong support for XRPUSD in 2017 When price managed to hold this support for six months.
Anything Below 0.14$ is a very good buy for XRPUSD for investment-wise.
As of now, a Very good chance for ripple to drop around 0.13-0.15$ area.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.23377 where it could potentially rise further to 0.20000.
Trading CFDs on margin carries high risk.
*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 formed bullish BAT | A good long opportunityPriceline of XRP / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.22586 to 0.22483
Sell between: 0.22833 to 0.23201
Regards,
Atif Akbar (moon333)