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Showing posts with the label xrp/usd

XRP/USDT not able to break 1.14$

The double bottom formed earlier last week at 1.14$ is turning into sniffing resistance and ripple is not able to break above it. $XRP is currently trading at 1.12$ stuck between support at 1.05$ and resistance at 1.14$ .Watch out for a break either above the resistance or below the support.

Ripple : $XRP technical analysis for 31-1-2018

Ripple Has fallen sharply after reaching all time high at 3.5$ , The pair tumbled to 85 cents 17 January and has been recovering since with high at 1.70$ (which is close to 38% fibonnaci retracement level. The pair has made some local support levels at 1.05$ , followed by 1.14$. Resistance areas currently lies at 1.14$ followed by Broken bullish trend-line and then 1.84$ . Target area in case of breaking the high of correction move would be 2.30$ area. it is preferred to stay long unless we close below 1.05$. If 1.05$ broken , then 91 cents will be next level of support.

Ripple : Rebounds from 1.05$

Ripple ($XRP) fall to lows of 1.05$ where it found critical support and rebound to 1.11$ at the moment of writing. Yesterday XRP broke below the bullish trend-line and broke the double bottom at 1.14$ . Last line of defense mentioned in earlier post managed to give the pair some support. Currently the pair might face some resistance at 1.14$ (previous support turned into resistance) and we have 1.25$ as break or make critical area. it will of great resistance which if broken will create a strong bullish trend.

Ripple : $xrp breaks the double bottom

Ripple ($xrp) breaks below 1.14$ where it formed a double bottom last week and that came shortly after breaking out as expected earlier today. The pair broke the bullish trendline and fall below the critical support at 1.14$ , now we will watch how the pair will react at 1.05$ which represents our final defense area.

Ripple : Bullish Trend-line will be retested

Ripple ($XRP) broke below the bullish trend line on the 1h chart and fall to 1.15$ close to our earlier mentioned critical support at 1.14$ where it formed double bottom. If we break below that level , the sentiment will be extremely bearish. We will have a chance of retesting the broken bullish trend-line and the intact bearish trend-line at 1.25$ as show below. If we manage to break that area successfully , $XRP will turn into bullish trend and possible rally towards 2.30$ area. Keep following for updates..

Ripple broke the bullish Trendline

Ripple ($XRP) broke the trendline which was supporting the pair so far. Currently trading 1.17$ Be careful ,as we might now break the 1.14$ critical support and might dip to 1.05$ if broken. I prefer waiting till we break the bearish trend-line. Keep following for updates.

Ripple consolidating before break out

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.

Ripple : XRP Supported by Rising Trend line

XRP/USDT tested the rising trend line at 1.25$ and currently rebounding to 1.27$ , Stay long till we test bearish trend line again possibly at 1.34$. Ripple has tested the bearish trend line earlier but failed to break and as I mentioned earlier we are currently witnessing a war between the bulls (rising trend line ) and bears with bearish trend line. The angle lies at 1.30$ where it will forced to break either direction.So  stay long unless we break below the rising trend-line , next support will be 1.14$. Keep following for updates.

Ripple : XRP stalled at resistance

Ripple challenged the last bearish trend-line but failed to break at 1.39$ , XRP is currently retesting the rising trend line from yesterday as shown below. So it is now a war between two trend lines (war between the bears and the bulls) , lets see which one will win.

Ripple : XRP rebounds from 1.23$

As posted earlier we have a rising trend line which has been tested and proved to be as of strong support for the pair . Support currently can be found 1.14$ , while resistance lies at 1.55$ area followed by 2.30$ area. So , keep holding your ripples till 1.55$ area and lets see how the pair will react to that level. Today's high was 1.3060$ while lows were at 1.23$ area. So keep those levels in mind and we are trading actively above the 200 MA  on the 30 minutes chart.

Ripple : Will Test Rising Trend line

Ripple (XRP) is going to test the rising trend-line shown below in the chart and is currently testing the 200 Moving average on the 30 minutes chart as well. I am still bullish on the pair (XRP/USDT) as long as we don't close below 1.23$ on any 30 minutes candle. First resistance will be around 1.55$ area , while on the downside if we break 1.23$ , we will have 1.14$ where it formed double bottom followed by 1.05$ critical support. Keep following for updates.

Ripple (XRP) : Broken Trend line Retested

Earlier today , Ripple ($XRP) broke a bearish trendline on the 30 minutes chart and trading over the 200 MA with eyes on 1.55$ area as first target. The pair is retesting the broken trend line at 1.27$ area and if successfully rebounds , then no doubt we will see a 20% rally today . So for the moment keep your eyes on 1.27$ on the 30 minutes chart.

XRP (ripple) technical analysis 27-1-2018

Ripple is being bound the bearish trendline formed on the 30 minutes chart as show below and it has been trading below the 200 SMA (simple moving average) for 2 days now. Once we break above that line , first resistance will be around 1.55$ then followed by 2.30$ , on the down side , first support can be found 1.14$ which proved to be double bottom for 2 days now. If xrp/usd breaks 1.14$ , we will test 1.05$ , However , it is preferred to stay as long as you can until we break 1.05$ and your target should be around 2.30$

Xrp/ripple holding gains at 1.30$

Xrp/usd (ripple) has been consolidating for two days now after surging from 85 cents to 1.60$ The pair lost momentum and returned to test 50% retracment level of the move . Most probable we will have another leg up towards 2.10$ area before falling back again , so it is preferred to go long at current area targeting a 60% gain. Stay tuned for updates on this trade and more trading recommendations .

XRP / Ripple explodes to 0.27$

Ripple has rallied during the last 2 hours almost 30% and it still has more room on the upside till 0.28$ BTC on the other side is still trading at 2200$ , ripple is good to hold as long term investment. Ripple/ xrp tokens is in partnership with more than 15 banks and is about to help banks implement the block-chain technology which will help reduce the costs for banks and customers and allow faster processing of transactions and money transfer services.