Tag Archives: XRP Analysis

XRP saw a small 2.5% price increase today as the support at $0.236 continues to hold firm.The coin is trapped between $0.228 and $0.236 for the past 4-days of trading.Against Bitcoin, the 100-days EMA continues to show its strength as the bears fail to close beneath it.XRP/USD – Bulls Vehemently Defend $0.236 Support.Key Support Levels: $0.236, $0.22, $0.216.Key Resistance Levels: $0.244, $0.25, $0.264.After dropping from $0.3 earlier in the month, the bulls managed to defend the support at...

XRP fell by a steep 16.8% over the past week as the coin reached $0.234 today.XRP continued its decline as it broke beneath the strong support at $0.237.Against Bitcoin, XRP dropped below the 100-days EMA today.XRP/USD – Bears Push Toward .618 Fib SupportKey Support Levels: $0.228, $0.22, $0.216.Key Resistance Levels: $0.24, $0.246, $0.25XRP had a disastrous first week in September as it rolled over from above $0.3 to reach the current $0.233 level. During the decline, it initially managed to...

XRP climbed by a small 3% this week as it reached the $0.29 level.Toward the end of last week, the coin bounced higher from the .382 support at $0.264.Against Bitcoin, XRP penetrated above a falling trend line.XRP/USD – Bulls Bounced from .382 Fib SupportKey Support Levels: $0.28, $0.264, $0.256.Key Resistance Levels: $0.3, $0.313, $0.321.Since the start of August, XRP has mostly been trading within a falling price channel. Over the past fortnight, the coin had dropped beneath $0.3 and...

BitcoinBitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it.On Tuesday, Bitcoin plummeted by 6% from $11,770 to a low of $11,150 (.382 Fib Retracement). Luckily, the bulls pushed higher to close the daily candle above the $11,300 support (downside...

XRP dropped by a total of 7% yesterday as it reached as low as $0.27.The coin has since rebounded together with Bitcoin and the rest of the large caps.Against Bitcoin, XRP is forming a bearish triangle on the 4-hour chart, as it is getting closer to its apex (there is a higher chance of a breakdown than a breakup).XRP/USD – Bulls Battle To Defend 4-HR 200EMA Support.Key Support Levels: $0.27, $0.264, $0.256.Key Resistance Levels: $0.286, $0.3, $0.313.Since reaching the high-day close at...

XRP saw a sharp 8% price decrease over this past week as it reached $0.287 today.The coin is currently trading within a descending price channel, while rebounded from the lower boundary on Saturday.Against Bitcoin, XRP is looking to maintain above the 2435 SAT support.XRP/USD – Descending Price ChannelKey Support Levels: $0.28, $0.264, $0.25.Key Resistance Levels: $0.3, $0.313, $0.321.Last week, XRP spiked into resistance at around $0.335 to a fresh 6-month high. This could have been a short...

BitcoinBitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level.Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start of the week. Bitcoin has since dropped further as it reached the support at $11,650 (.236 Fib Retracement). A rising trend line also bolsters this support.The...

XRP fell by a total of 4% today as the coin drops back beneath $0.3 to reach $0.293.At the start of this week, XRP attempted to push higher as it spiked to $0.331.Against Bitcoin, XRP returned to the 200-days EMA at 2470 SAT today.XRP/USD: XRP Breaks Beneath $0.30 Once AgainKey Support Levels: $0.286, $0.264, $0.25.Key Resistance Levels: $0.3, $0.313, $0.321.XRP managed to push above $0.3 on Monday as the coin penetrated a short-term falling price channel. The cryptocurrency reached as high...

XRP saw a 6% price increase today as the buyers manage to rise above $0.31Last week, the coin found strong support at $0.28, which allowed it to push higher and reclaim $0.3 over the weekend.Against Bitcoin, XRP bounced from 2435 SAT last week to reach the current 2555 SAT level.XRP/USD: XRP Bulls Break Bullish Flag PatternKey Support Levels: $0.3, $0.28, $0.264.Key Resistance Levels: $0.313, $0.321, $0.341.Last week XRP fell from a resistance level above $0.30 and found support at $0.28. The...

Bitcoin (BTC)Bitcoin is more or less around the price it was traded a week ago, but this comes after a raging week as the coin plunged to a weekly low around $11,100.Shortly before, Bitcoin made another push towards the current high at $12,100 (1.272 Fib Extension), for the second time in 10 days. Unfortunately, BTC was unable to sustain this high.Just one day after, Bitcoin lost almost $1000, however quickly recovered to the support level around $11,400 (.236 Fib Retracement and prior high)....