Tag Archives: XRP Analysis

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...

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...