16.2 C
Manchester
April 24, 2019
Image default
price analysis ripple

Ripple : Price Analysis, March 29

XRP/USD


Ripple (XRP) continues to trade near the moving averages. Both the averages are flat and the RSI is just below the midpoint. This points to a balance between the buyers and the sellers.

The balance will tilt in favor of the bulls if the XRP/USD pair breaks out and closes (UTC time frame) above $0.33108. Just above this level is the resistance line of the descending channel. On rising above both these resistances, we expect the trend to change. The ensuing rally can reach $0.60 in the medium-term.

Conversely, if the bears sink the digital currency below $0.27795, it can plummet to the yearly low of $0.24508. We do not find any reliable buy setups at current levels; hence, we are not suggesting any trade in it.

Related posts

Litecoin Price Analysis: LTC/USD Moves to New 2019 Highs, as Bulls Pick up Momentum

admin

Ripple: R3 Corda’s New Settlement Layer Now Supports XRP

admin

Tron Price Analysis: TRX/USD Shoots to the North; Bulls Must Breakdown Double Top Formation

admin

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More