January 30, 2019

Ripple Price Analysis: XRP At Clear Risk of Further Declines

Ripple price remained below the $0.2900 and $0.2950 resistance levels against the US dollar.
There are two bearish trend lines in place with resistance near $0.2900 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair remains at a risk of more losses as long as it is trading below the$0.2900 and $0.2950 resistance levels.

Ripple price is facing a lot of hurdles on the upside against the US Dollar and ₿itcoin. XRP/USD is likely to extend the current decline below $0.2800 unless buyers push it above $0.2950.

Ripple Price Analysis

Yesterday, there was a minor upside correction from the $0.2776 low in ripple price against the US Dollar. The XRP/USD pair traded above the $0.2800 and $0.2850 levels. It also moved above the 38.2% Fib retracement level of the last decline from the $0.3070 high to $0.2776 low. However, the price failed to gain strength above the $0.2950 resistance and remained below the 100 hourly simple moving average. Later, there was a fresh decline and the price traded below $0.2900.

Sellers pushed the price below the 61.8% Fib retracement level of the recent wave from the $0.2776 low to $0.2946 high. The current price is slightly bearish, with many hurdles on the upside near $0.2900 and $0.2950. There are also two bearish trend lines in place with resistance near $0.2900 on the hourly chart of the XRP/USD pair. A clear break and close above these trend lines is needed for a recovery above $0.3000. If not, there is a risk of a downside break below the $0.2820 support level. It may even break the 76.4% Fib retracement level of the recent wave from the $0.2776 low to $0.2946 high.

Looking at the chart, ripple price is likely to break the $0.2800 support or even $0.2776 swing low. To start a rebound, the price must surpass the $0.2900 and $0.2950 resistance levels.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is back in the bearish zone, with negative signs.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently placed above the 40 level, with a positive angle.

Major Support Level – $0.2800

Major Resistance Level – $0.2950

Published at Wed, 30 Jan 2019 05:00:25 +0000

You might be interested in …

December 22, 2018

BITCOIN DE OFERTA A MENOS DE 1200 EN EL 2019

bitcoin DE OFERTA A MENOS DE 1200 EN EL 2019 En los diferentes mercados sean commodities , acciones, etc. existe la zona de valor o área de valor que los grandes jugadores (inversionistas y trader […]

March 27, 2017

Exponential Innovation – Hackers Congress

[youtube https://www.youtube.com/watch?v=n2yD1PSWBU0&w=640&h=360]

July 18, 2017

Bitcoins & Gravy EP #94 Peerplays is Provably Fair Online Gaming!

Today on the show I feel privileged to be speaking with Jonathan Baha?’?ithe President and Michael Maloney the Director of Intelligence for Peerplays. The Peerplays Blockchain Standards Association (PBSA), is a non-profit organization dedicated to the advancement of provably-fair gaming. Peerplays is the world?’?s first peer-to-peer betting platform built entirely on top of a live blockchain AND according to BTC Media, the Peerplays token known as PPY is ?’?œthe first ?’?˜dividend playing?’? crypto-currency ever designed.The Peerplays network, features native smart contracts powered by graphene and a built-in digital asset exchange. The asset exchange allows users to choose which cryptocurrency they would like to use to make wagers. The Peerplays API gives users the option to choose what currency values are displayed in, including USD, EUR or a number of crypto-tokens.

CREDITS & VALUABLE LINKS:

https://www.peerplays.com/

TRANSCRIPTIONS:Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:http://diaryofafreelancetranscriptionist.com

Ode To Satoshi

Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John BarrettHarmony vocals: John Barrett, Connie Sinclair and Lij ShawGuitar: Jonathan BrownMandolin: Ben MillerBass Guitar: Michael Rinne

Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, TennesseeEngineer: Lij Shaw. Assistant to engineer: Don ?’?œThe Don?’ BatesProduced by John Barrett & Elijah ?’?œLij?’ Shaw

Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.

Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.

Questions or Comments?

Email me to say Howdy!: howdy@bitcoinsandgravy.com

Visit theWebsite: BitcoinsAndGravy.com

Bitcoins and Gravy Tipping Addresses:

bitcoin: 14RbXduu2sXKNHtKtRVAx8xQyGAubjY1dA

Litecoin: LgqYgxLTBPgr8C1JGLLJVLK4ZN1fveprAp

And if you don?’?t feel like contacting me, just kick back, relax and enjoy the show.I hope you enjoy listening to my guests as much as I enjoy talking with them!