Tag Archives: XRP Analysis

XRP/USD – Buyers Finally Break Above Symmetrical Triangle Key Support Levels: $0.26, $0.251, $0.245.Key Resistance Levels: $0.261, $0.271, $0.279. XRP went through a rollercoaster of price action yesterday as it reached as high as $0.271 (bearish .618 Fib) and as low as $0.228 (.618 Fib) during the 24 hours. The cryptocurrency had been trading within a symmetrical triangle and rebounded from the lower boundary at the start of the week. Despite the whipsaw like movement...

XRP/USD – Bulls Remain Inside Symmetrical Triangle Pattern Key Support Levels: $0.237, $0.23, $0.228. Key Resistance Levels: $0.251, $0.261, $0.271. XRP has not been outperforming over the past seven days, but it remains inside the boundaries of a symmetrical triangle. The coin failed to break the upper boundary last week, which caused it to head into the support at the lower boundary. It rebounded at the lower boundary but has struggled to remain above the 100-days EMA at...

Bitcoin Bitcoin saw a 4.3% price surge over the past seven days. The cryptocurrency was trading slightly above $11,000 last Friday as it started to push higher. Throughout the week, it managed to spike as high as $11,730 (1.414 Fib extension) but was never able to close a daily candle above resistance at $11,537 (provided by a 1.272 Fib Extension). Today, with the announcement that OKEx had halted their withdrawals, BTC took a tumble. It spiked into the support at $11,200 –...

XRP/USD – Bears Push XRP Into 100-days EMA Key Support Levels: $0.24, $0.237, $0.23.Key Resistance Levels: $0.251, $0.261, $0.271. XRP was performing well this week as it attempted to surge higher after bouncing from a rising trend line at the start of October. It managed to reach as high as $0.26 over the past few days, but it struggled to penetrate this level after numerous attempts. Over the past two days, XRP dropped by a sharp 6% as it fell from the upper boundary of the...

XRP/USD – Bulls Attempting To Breakout From Consolidation PatternKey Support Levels: $0.25, $0.244, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28.At the start of October, XRP bounced from the lower boundary of a short term symmetrical triangle pattern at around $0.23. From there, the buyers pushed higher but initially struggled with the resistance at $0.251 (bearish .382 Fib).This aforementioned resistance fell over the past week as the bulls continued to break above the triangle today....

BitcoinBitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday.BTC was trading at the 100-days EMA last Friday as it rebounded from here and started to push higher. On Monday, the coin reached the upper boundary of the triangle and was rejected. This caused it to head toward the lower boundary on...

XRP/USD – Bulls Face Resistance at Bearish .382 Fib.Key Support Levels: $0.24, $0.236, $0.23.Key Resistance Levels: $0.251, $0.261, $0.271.XRP rebounded from a rising trend line on Sunday which saw the coin breaking above the 100-days EMA to reach the resistance at $0.251 (bearish .382 Fib Retracement). During this week, XRP managed to spike as high as $0.26 but is still yet to close a daily candle above the resistance at the bearish .382 Fib Retracement.Yesterday, after failing to break the...

XRP/USD – Bulls Finally Break 100-days EMA ResistanceKey Support Levels: $0.243, $0.237, $0.228.Key Resistance Levels: $0.251, $0.26, $0.271.XRP found support at the $0.23 level at the start of October. It rebounded from this support yesterday to finally push higher above the resistance at the 100-days EMA – a level which the coin struggled with throughout last week.After breaking the 100-days EMA, XRP climbed into the resistance at $0.251 – provided by a bearish .382 Fib Retracement. The...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

XRP/USD – Bulls Struggling To Break 100-days EMA ResistanceKey Support Levels: $0.236, $0.228, $0.22.Key Resistance Levels: $0.251, $0.61, $0.271.Since rebounding from $0.22 last week, the bulls managed to push higher and reach the resistance at the 100-days EMA at around $0.245. Unfortunately, the buyers have failed to break this resistance over the past six days of trading.The bulls have indeed managed to spike above the resistance. However, they have failed on each day to produce a closing...