The downward movement from the XRP / USD parity stopped at 0.185usd. This movement temporarily broke S1 $0.19 USD, after which the price went up slightly. XRP / USD stayed in sync with the BTC move. The return movement is identical to that on the BTC.
Yesterday I posted a quick update on our Twitter page, which said that the next support area on the BTC is at $3900 usd. Here’s how the BTC has reached that price and then has a comeback. On the 4-hours XRP / USD chart, we have a buy signal given by the MACD indicator. I would be quite cautious about this signal. At the time we write the analysis (hour 0) we do not have a clear signal from the BTC that the correction would have ended.
The resistance lines are: The support lines are:
R1 – 0,23usd S1 – 0,19usd
R2 – 0.30usd S2 – 0,175usd
S3 – 0,15usd
Probable direction for the next two days:
The XRP / USD moves will be top-down, characterized by the price quest to find a balance point around these levels. We will test the R1 $0.23 usd area, after which a correction will occur. The evolution of the XRP / USD price over the next two days will also depend on the BTC move.
It remains to be seen if the correction wave that follows will go below $0.185 usd or will stabilize above S1 $0.19 usd
Any positive news about Ripple, or negative movements of the Bitcoin price, may positively or negatively influence this technical analysis.
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
New Report Says Ripple Is A Potential Competitor To Indian Traditional Banking System
A Major US News Magazine is Now Accepting Crypto for Subscriptions
Ripple’s Partner SBI Offers Clients Bonus In XRP If They Participate In Company’s STO
Ripple to Add ODL Metrics to its Website, Reveals by the Company’s Executive
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...