XRP Shows Bullishness Against Bitcoin, Is $0.3 At Sight?

Тема в разделе "English", создана пользователем Trading Ideas, 4 окт 2019.

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    XRP Shows Bullishness Against Bitcoin, Is $0.3 At Sight?
    XRP / USD KRAKEN:XRPUSD
    smaniscalco
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    Hey Friends!

    Ripple (XRP) has seen a promising 5% increase over the past week, bringing its price up to $0.25.
    The latest increase is largely due to XRP rebounding against BTC as a continues tryout to break above the resistance of the 3100 SAT level.
    The coin has struggled over the past three months after dropping by a steep 36%. However, the market looks to be on the road for bullish recovery.
    XRP is the third-largest cryptocurrency with a market cap of $10.87 billion, according to CoinGecko.

    Looking at the XRP/USD 1-Day Chart:
    Since my previous XRP/USD analysis, XRP has continued to struggle to break above the resistance around the $0.2584 – 0.26 level and we had sideways action.

    From above:
    The nearest level of resistance above $0.26 lies at $0.27, further levels are $0.2811, $0.29 (100-days EMA ), and $0.30.

    From below:
    The nearest level of support lies at $0.25. Beneath this, support can be found at $0.24, $0.2345, $0.23, $0.22, and $0.2153.

    The trading volume has seen a minor increase but remains relatively low.
    The RSI is currently battling the 50 level. For a bullish push higher, XRP must see an RSI rise and break above the 50 level to show that the bulls are in control over the market momentum.
    Furthermore, the Stochastic RSI has produced a bullish crossover signal which suggests that the market could be heading higher.
     
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