Connect with us

Technical Analysis

XRP Price Analysis. Breaks Resistance, Gains 7%

Arthur Webb

Last updated

 

on

XRP Community Demands Skype to implement XRP Micro-payments
  • XRP price is up by 7%
  • Several Stop Loss hunts occurred
  • Looks to retest resistance

1 Hour XRP/USD price chart

XRP recovered from a recent price drop by gaining around 7% in the last 24 hours. The price first broke an important $0.30 resistance and then went as high as $0.31550. However, that move printed high tail candlestick on one hour chart with a price immediately retracing back below $0.31 price level, suggesting that it was a stop loss hunt above 31 cents price mark.

XRP/USD  since then tapped into liquidity just below support hitting some long stop loss positions in the process. XRP price now seems to consolidate at $0.29500 zone with a possible retest of resistance looking more likely. MACD registering bullish crossover will be an important signal for the bulls in the short term.


Chart source: Tradingview

READ  Technical Analysis XRP/USD 31/10/2017

Disclaimer: Markets, instruments, and advice on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.


Arthur Webb: passionate about how technology can empower people to create a more just and sustainable world.

TimeCoin Token Sale

Recent Press Release



Ledger Nano X - The secure hardware wallet
Cryptos are the next step in money’s evolution, and it’s no surprise that bitcoin casino is getting popular with the increasing boom in the bitcoin market. A great site if you wish to try bitcoin casino is Rocketpot.io, which provides thousands of games for you to play and win.