Yesterday, buyers were unable to continue the recovery of the price of XRP and gain a foothold in the consolidation above the level of $0.213. A powerful wave of sales drove the price below the support of $0.20, setting a weekly low at $0.196. After a rebound in the region of average prices, the XRP/USD pair consolidated in the lateral range, above the...
Even though XRP is showing the least price dynamics compared to Bitcoin (BTC) and Ethereum (ETH), the third most popular crypto has managed to rise by 4.77% since yesterday. On the daily chart, XRP has might have started its long-term bullish cycle that is confirmed by the MACD indicator. The coin is approaching the $0.219 mark on the relatively high buying...
On the weekly chart, the trading volume keeps declining which is not in favour of further growth. Moreover, there was no consolidation period after a dump of March 12 to update at least heights of 2019. Respectively, the maximum mark where bulls might get Bitcoin (BTC) is around $12,000 where the strong resistance is located.
XRP has might have started its correction as the daily candle could not support the growth of the previous one. In addition, the coin did not break the falling channel since March 2020 that suggests ongoing bearish pressure. As a result, bulls keep losing power and the nearest mark where a decline might finish is $0.1758.
On the weekly time frame, the last candle is about to close below the previous one that shows the lack of bulls' efforts to push the price higher. What is more, there was no consolidation period where Bitcoin (BTC) could gain the power to start a bullish trend as it was in Spring 2019.
XRP is also showing quite perspective growth even surpassing the rise of Bitcoin (BTC) in come cases. That might helped the coin to come back to the 3rd place in the global cryptocurrency ranking. XRP has neglected the possible start of a bearish trend, having broken out the support zone. The rise is supported by two important components: high liquidity (Visible...
According to the daily time frame, XRP is stuck within the big Triangle pattern. This is a figure of a continued trend, suggesting that traders might expect a breakout to the resistance zones. In addition, the trading volume keeps constantly going up that also supports our position. Summing up, if nothing crucial changes, one might see XRP trading around $0.2250...
On the daily chart, the long-term bullish has just started as the lines of the MACD indicator have crossed each other. What is more, the current rise is supported by the relatively high buying trading volume. In addition, Ethereum (ETH) has still not left the borders of the rising channel, confirming the presence of bulls. All in all, the end-point of the current...
XRP is trading in its usual way during growing trend, falling against the rising market. The decline over the previous day has made up 0.96%. XRP keeps dominated by bears on the 4H time frame. Lowering heights are being formed that is a signal of continued decline. Also, there is a small liquidity level at the current area that is not good for bulls. Summing up,...
On the weekly chart, the current candle is of a great importance. If it closes above the previous one, traders might expect Bitcoin (BTC) at the area of $11,000 at the first days of June. If it fails to do that, the nearest support zone is $6,400. From the technical perspective there are little chances for the main crypto to get to $11,000 due the declining...
XRP is also showing good price dynamics at the current growth which is quite unusual as the coin usually starts trading sideways when the market becomes bullish. XRP has neglected the support at $0.19 and continued its slight rise. Applying the Fibonacci retracement on the daily chart, it is crucial to observe how the coin approached the 61.8% level ($0.2127)....
On the daily chart, bearish sentiments have appeared. The trading volume is not declining, however, buyers are not showing a willingness to buy. Also, one might see a big Triangle pattern with the endpoint at $0.18. If the decline continues, traders might expect this support in the first part of June 2020.
On the daily chart, Bitcoin (BTC) has formed the double peak pattern which a reversal one in the technical analysis. The current growth is not supported by the buying trading volume that is an obstacle for bulls towards the continued growth. The closest support zone is at $8,500. If buyers cannot resist bears' impulse, the decline will keep to $8,200 - a point...
Binance Coin (BNB) is showing the second least decline of all coins from our list. The decrease has constituted 2% over the previous 24 hours while the drop over the last week has made up 1.87%. Binance Coin (BNB) is exception from other coins as it still has growth potential. On the daily time frame, the coin has formed the bullish divergence. Moreover, the...
XRP has used the chance while Bitcoin (BTC) keeps trading sideways as most of other coins. The price of the coin has gone up by only 0.19% while the decrease over the last week has made up 1.87%. XRP is traded within the Triangle pattern on the daily time frame. There is a false breakout as the coin could not fix above the crucial $0.20 mark. What is more, the...
EOS is trading similarly to TRON (TRX), however, is unlikely to face such a deeper decline. The rate of the 8th most popular coin has gone down by 1.18% since yesterday. From the technical point of view, EOS is about to trade sideways as the liquidity level is high enough at the moment. From the other hand, the trading volume is low which is a bearish signal....
XRP is no longer the third most popular coin according to CoinMarketCap as Tether (USDT) has replaced it. However, that has almost not affected its rate. Moreover, XRP has shown much better price dynamics than Bitcoin (BTC) and Ethereum (ETH). On the 4H time frame, XRP keeps trading in a sideways trend, however, bearish signals are becoming more visible. The...
On the daily chart, Bitcoin (BTC) is stuck within the Triangle pattern, consolidating efforts before a sharp movement. The trading volume is relatively high which is a good signal of further growth. If the next attempt is successful and buyers manager to fix above $10,000, the next stop is $10,500.