Ripple/USD Price Analysis Oct.24

[Nikko]

Ripple’s volatility has died down. Both moving averages and the RSI are flattening out, which shows a balance between the buyers and the sellers.

The resistances on the upside are $0.5, $0.55 and $0.625, whereas the two support levels are at $0.388 and $0.37.

We suggest traders wait until the XRP/USD pair attracts more buying interest. We might propose long positions when we find a reliable buy setup above $0.5.

Cointelegraph

[CebuBitcoin]

The bulls have been trying to keep Ripple above the immediate support of $0.33108 for the past two days but they have not been able to secure a strong rebound. This shows that the bears have an upper hand.

XRP/USD

A break below $0.33108 will result in a drop to the Nov. 25 lows of $0.31123. The support line of the descending channel is just below this level. We anticipate strong support in this zone. Contrary to our opinion, if the bears sink the XRP/USD pair below the channel, a retest of $0.24508 is probable.

If the bulls defend the bottom of the channel and rebound sharply, breaking out of the 20-day EMA, it will increase the probability of a rally to the top of the channel at $0.52. Traders can close their long positions if the price sustains below the channel.

Source: https://cointelegraph.com/news/bitcoin-ripple-ethereum-stellar-bitcoin-cash-eos-litecoin-cardano-tron-monero-price-analysis-dec-5

[Nikko]

Ripple held the support line of the descending channel on Dec. 7. However, the ensuing bounce could not scale the immediate overhead resistance of $0.33108.

[Nikko]

Ripple has been holding the support of $0.28600 for the past seven days, but it has not been able to achieve a meaningful bounce.

[CebuBitcoin]

Since breaking down of the support at $0.33108, the bulls have been attempting to keep Ripple above the Dec. 7 low of $0.28600.

Source: https://cointelegraph.com

[CebuBitcoin]

We expect the bears to defend this level strongly. However, if the bulls scale $0.40, a move to the top of the channel at $0.50 is probable.

Source: https://cointelegraph.com