Tag Archives: XRP Analysis

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...

Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After breaking above, Bitcoin continued to push beyond resistance at $10,600 as it reached resistance at $11,051 (bearish .5 Fib Retracement)...

BitcoinBitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries.The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong support throughout the week and allowed the bulls to start to edge higher again. However, it is still trapped within the confines of the symmetrical triangle,...

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...