Priisanalyse fan Ripple (XRP) - XRP sjocht derút Bullish, mar oerstreaming yn volatiliteit is foar de hân

Michael Fasogbon

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Despite the recent surge, the price of XRP struggles below the $0.31 price zones for days now, although the third largest coin is bullish. While trading at $0.298, the XRP bulls are trying as much as possible to show more commitment but it appears the bears are defending their zone.

With a +1.9% gain overnight, the XRP volume is trading above $2 billion with a market cap of $12.8 billion. The crypto trading signals that the current demand is keeping the buyers alive in the market as more buying pressure may surface if XRP can successfully breach the $0.32 resistance.

Ripple (XRP) Priisanalyse: 4H-kaart - Bullish

Wichtichste wjerstânnivo's: $ 0.32, $ 0.35, $ 0.37
Key support levels: $ 0.286, $ 0.266, $ 0.25

Ripple XRP is trading around the upper boundary of the ascending channel on the 4-hour chart. The September low at $0.22 is still acting as short-term support for the market as primary support lies at $0.286 and $0.26. Slipping beneath the channel could cause a massive decline to $0.25 and below.

XRPUSD, 4H-kaart - 28 oktober

Still, the buyers are holding tightly to their positions. For a possible upsurge, resistance may hold at $0.35 and $0.37 if we can have a clear break above the $0.32 which had been proving strong for a while now. Nevertheless, the crypto trading signals a bullish move on the RSI as well as the MACD to suggest that the bulls are still in play.

Ripple (XRP) Priisanalyse: Oerdiagram - Bullish

Ripple XRP is maintaining a bullish trend on the hourly chart but may fall seriously soon as shown on the technical indicators which are gradually sloping down. The price of XRP may fall as low as $0.27, $0.26, $0.26 if the price plummets the wedge formation.

XRPUSD, oerkaart - 28 oktober

Meanwhile, a possible rebound should keep the bulls on track to $0.31 and $0.32 resistance.
The MACD revealed a sideways movement to keep traders abreast of a potential move, although the Ripple XRP market is currently positive but may fall soon. Another thing to note is that XRP is trading around the wedge’s lower boundary for two days as price break is imminent.

XRP SELL SINJAAL

Yntree ferkeapje: $ 0.2989
TP: $ 0.265
SL: $ 0.31

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Michael Fasogbon

Michael Fasogbon is in profesjonele Forex-hanneler en kryptokurrency technyske analist mei mear dan fiif jier hannelsûnderfining. Jierren werom waard hy hertstochtlik oer blockchain-technology en Krypto-munt fia syn suster en folge sûnt de merkgolf.

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