Connect with us

Technical Analysis

Technical analysis XRP/USD 12/09/2017

Last updated

 

on

ripple analysis

At hour (h 0) when I write this technical analysis, the XRP/USD price just broke the descending trend line. Traded volumes are small. On the graph we see that a pattern head and shoulders (inversal) has been formed or, as it is called, the head and shoulders bottom. This is a bull pattern. It remains to be seen if the price manages to keep above the descending trend line and if the head and shoulders pattern is confirmed. The $0.19-$0.20 usd area seems quite interesting. The price was rejected up four times from that area.

poloniex xrp usd

RippleCoinNews Newsletter

Keep Up With Blockchain Technology Updates and Ripple XRP Coin News & Price Analysis.

I agree to have my personal information transfered to MailChimp ( more information )

* We value your privacy and will never share your information with anyone.

The resistance lines are:                                             The support lines are:

    R1 – $ 0,23usd                                                                 S1 – $0,19usd

    R2 –  $0.30usd                                                                 S2 – $0,175usd

                                                                                             S3 – $0,15usd

 I would ask you to take attention to the BTC movement because it can greatly influence the XRP/USD movement. At this moment, on the BTC we have a descending triangle pattern (bear). The support from the $3900 usd on the BTC could be tested again.  The tendency for the next two days is drawn in yellow. If BTC breaks the support from 3900usd, the upward trend of XRP / USD will be denied.

Founder and Editor of RippleCoinNews.com. Passionate about how technology can empower people to create a more just and sustainable world. Don't like authorities that are ruled by international corporations. love traveling, Hate my phone :(

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertise



Live XRP Price


Newsletter

RippleCoinNews Newsletter

Keep Up With Blockchain Technology Updates and Ripple XRP Coin News & Price Analysis.

I agree to have my personal information transfered to MailChimp ( more information )

* We value your privacy and will never share your information with anyone.

Facebook

Advertise


Advertisement Ledger Nano S - The secure hardware wallet

Trending