Connect with us

Technical Analysis

XRP Price Analysis. Recovery Begins

Arthur Webb

Last updated

 

on

Ripple’s New Partnership with AML Solution Provider Might Let XRP Compliant with FAFT AML Rules
  • XRP price gains 1.5%
  • Stop Loss hunts as price heads to resistance levels
  • Stays within ascending trading channel

1 Hour XRP/USD price chart

After a recent drop in price XRP started its recovery by gaining 1.5% against the U.S. dollar in the last 24 hours. The price recently moved above $0.2800 trapping stop-loss orders above that level. The price now may possibly dip into the liquidity pool below $0.27650 before heading to the next resistance at $0.28600.

It worth to note that the recent price drop printed a low tail candlestick on 1-hour trading chart. The price then dipped below $0.27400 in another stop loss hunt with immediate pull back into consolidation. The overall prognosis is still bullish as XRP still continues to trade within the ascending trading channel on 1-day chart.

Chart source: Tradingview

READ  Technical Analysis XRP/USD 28/09/2017

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.