Tag Archives: XRP Analysis

Bitcoin Bitcoin saw another 4% price hike this week, which had it breaking above the $16,000 level to reach as high as $16,491 today. The coin has since dropped slightly to trade at $16,135 at the time of writing. Last week, the coin had surged into the $16,000 level, which caused it to roll over and drop into the $14,850 support last Saturday. Bitcoin managed to rebound higher from there as it started to climb on Sunday. The coin did not return to $16,000 until Wednesday,...

XRP/USD – Coin Still Trapped In Consolidation Key Support Levels: $0.25, $0.245, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. XRP might be above the 100-days EMA this week, but it is still struggling to break the resistance at $0.261 (bearish .5 Fib Retracement). The coin has struggled to break this level since October and must push above to start the beginning of a bullish run higher. Additionally, the coin is also trapped within a symmetrical triangle pattern and is...

XRP/USD – Bulls Failing to break $0.261 Resistance Key Support Levels: $0.25, $0.245, $235, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. Last Thursday, XRP managed to rebound from the support at a rising trend line as it pushed higher. On Friday, it penetrated above the resistance at the 100-days EMA to reach as high as $0.26 – where lies the resistance at a falling trend line. It failed to penetrate above this line over the weekend and it headed lower. It spiked as...

Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the election started in the US, BTC started to surge. Initially, it found resistance at $14,190 but this was penetrated yesterday as Bitcoin surged all...

XRP/USD – Bulls Face Resistance At 100-days EMA Key Support Levels: $0.24, $235, $0.228.Key Resistance Levels: $0.251, $0.261, $0.271. XRP fell lower from resistance at a falling trend line toward the end of October. It initially found support at the 200-days EMA at $0.24 but broke beneath it in November. After that, XRP continued to drop into the support at $0.235 and held here over the past few days. The coin has since rebounded and it pushed higher today but is facing...

XRP/USD – Buyers Continue To Defend October Lows Key Support Levels: $0.235, $0.228, $0.22.Key Resistance Levels: $0.245, $0.251, $0.261. XRP fell beneath the symmetrical triangle pattern at the end of October and headed toward the 100-days EMA. It found support at the 200-days EMA but fell below it yesterday. Despite this, XRP remained supported at $0.228 (.618 Fib & October lows). A break beneath this level is likely to send XRP on a downward spiral toward  $0.20. On...

Bitcoin The Bitcoin price surge continued this week and it managed to increase by 4.5% to reach $13,60 at the time of this writing. The coin was trading slightly above $13,000 last Friday and moved sideways along this level over the weekend. On Tuesday, Bitcoin started to surge higher as broke resistance at $13,415, climbed above $13,500, and reached the resistance at $13,815 (1.272 Fib Extension). The bulls could not close a daily candle above this resistance, which led to...

XRP/USD – Bulls Battling To Defend 100-days EMA Key Support Levels: $0.24, $0.23, $0.228.Key Resistance Levels: $0.251, $0.261, $0.271. XRP struggled to break a falling resistance trend line at the start of the week – close to $0.26. As a result, the coin started to decline in the past few days. Although it has spiked lower, the buyers have defended the 100-days EMA at the closing price every day this week. The previous triangle has been re-adjusted for the continued sideways...

XRP/USD – Bulls Trade Sideways After Triangle Break Key Support Levels: $0.25, $0.245, $0.237.Key Resistance Levels: $0.261, $0.271, $0.28.. Last week, XRP managed to break free from a symmetrical triangle pattern but has since moved sideways since the breakout. The coin seems to remain supported at the $0.25 level but struggles to break the resistance around $0.261 (bearish .5 Fib Retracement). To turn bullish, XRP would need to close a daily candle above the $0.261 level to...

Bitcoin Bitcoin saw a very strong 13% price increase over the past seven days which allowed it to break above the $13,000 handle. At the start of October, Bitcoin managed to penetrate above a symmetrical triangle pattern which was the first sign that a bull run was about to form. After the breakout, it managed to push as high as $11,600 before stalling. Last Friday, Bitcoin was trading at around $11,200 as it rebounded and started to push higher. It quickly reached the...