Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: jet on April 18, 2019, 08:46:59 AM
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Ripple price gained bullish momentum and broke the $0.3265 and $0.3300 resistances against the US dollar.
The price even climbed above the $0.3350 resistance level to move into a positive zone.
This week’s highlighted key bearish trend line was breached with resistance near $0.3288 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair traded close to $0.3420 and now it remains well supported above the $0.3290 level.
Ripple price recovered nicely and gained bullish momentum against the US Dollar, along with bitcoin. XRP is likely to extend gains towards the $0.3500 or $0.3520 level in the near term.
Ripple Price Analysis
Yesterday, we saw a decent recovery above the $0.3200 resistance area in ripple price against the US Dollar. The XRP/USD pair settled above the $0.3210 level and later started trading in a range. Finally, buyers had the upper hand and pushed the price above the $0.3250 resistance and the 100 hourly simple moving average. It opened the doors for more gains and the price broke the 61.8% Fib retracement level of the decline from the $0.3330 swing high to $0.3135 low.
More importantly, this week’s highlighted key bearish trend line was breached with resistance near $0.3288 on the hourly chart of the XRP/USD pair. The pair climbed sharply above the $0.3350 resistance level to move into a positive zone. Finally, there was a break above the $0.3400 level and the price traded as high as $0.3422. Recently, there was a minor downside correction below $0.3380 and the 23.6% Fib retracement level of the last wave from the $0.3209 low to $0.3422 high. However, dips remain supported above the $0.3300 level. An initial support is at $0.3320.
The 50% Fib retracement level of the last wave from the $0.3209 low to $0.3422 high is also near $0.3315 to act as a support. The next main support is near $0.3260 and the 100 hourly simple moving average. Therefore, if the price corrects lower further, it could find a strong support near the $0.3320 and $0.3300 levels. On the upside, a break above the $0.3422 high is likely to push the price towards the $0.3500 level.
Source: https://www.newsbtc.com/2019/04/18/ripple-xrp-price-analysis-bulls-aiming-0-3500/
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Price forecasts.
Price analysis.
All of it is impossible to know the price because Ripple has an ever-changing price between 03 USD and 0.4 USD.
The string of words above is just an allusion to Ripple's journey which always provides the best information in terms of Ripple prices.
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Today ripple price is $0.27 and last seven days dropped by -6.97% all crypto users are expecting the bull market but the cryptocurrency is going the again the crypto users because yesterday the cryptomarket is declined to deeply.