Technical Analysis
Technical Analysis XRP/USD 17/08/2018
Last week, after the support line at 0.42 usd was crashed down the price fell to 0.25 usd. I was saying then that 0.30 usd will be a strong support area, but not infalable if there are panic sales on the market. Practically, we went back to the area where XRP stood between June and December 2017. At that time, the price went between 0.15 and 0.30 usd. Bitcoin tries to keep above the support line at 6000 usd, but XRP shows a great weakness and falls further down.
XRP/USD – lines of resistance : XRP/USD – lines of support:
R1 – 0,42 USD S1 – 0,15 USD
R2 – 0,50 USD S2 – 0.10 USD (psychological)
R3 – 0,70 USD
What’s happening on XRP / USD next week?
As you can see (blue arrow) on the chart, after the price has reached 0.25 usd, an inverted Doji Star candle has been formed. This candle indicates a reversal of the trend. The probable direction for the next week is up to resistance R1- 0.42 usd. It is unlikely that the price will break up R1-0.42 usd. Probably the price will be rejected at 0.42 usd and the downward trend will continue.
Dogecoin (DOGE) Traders Are Getting Profitable by Buying this Crypto AI Token with a FET-Like Bullish Potential
Post-Election Crypto Boom: Investors Look To This New Altcoin For Gains
Bitcoin Forms Legendary Golden Cross, Ethereum Forms Death Cross, What’s Going On?
Ethereum (ETH) to Follow Bitcoin (BTC) in First Ever Golden Cross Pointing at New ATHs: Which Altcoins Will Follow?
How Ethereum‘s Success Paves The Way For New Powerhouse Tokens In 2024
Dogecoin (DOGE) Traders Are Getting Profitable by Buying this Crypto AI Token with a FET-Like Bullish Potential
dogecoin trader made profit with FET and rco finance presale token.
Post-Election Crypto Boom: Investors Look To This New Altcoin For Gains
As the upcoming US presidential election hints at a potential crypto boom, investors are strategically positioning themselves to benefit from...
Bitcoin Forms Legendary Golden Cross, Ethereum Forms Death Cross, What’s Going On?
The foremost cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have remained stagnant for a while now and have continued to range....
Ethereum (ETH) to Follow Bitcoin (BTC) in First Ever Golden Cross Pointing at New ATHs: Which Altcoins Will Follow?
Analysts have identified a key technical indicator, the “golden cross,” for Bitcoin (BTC), signaling a potential bullish trend. Significantly, Ethereum...
How Ethereum‘s Success Paves The Way For New Powerhouse Tokens In 2024
As Ethereum’s (ETH) dominance reshapes the crypto landscape, ETFSwap (ETFS) emerges as the next powerhouse token, poised to ride Ethereum’s...
