Ripple (XRP) Price Poised To Break Higher: BTC, ETH Surging

Ripple price formed a decent support near the $0.2915 level and climbed higher against the US dollar.
The price broke the $0.2950 resistance and it looks set to gain bullish momentum in the near term.
Yesterday’s highlighted bearish trend line is about to give way with resistance near $0.2988 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a strong upward move if it breaks the $0.3000 and $0.3020 resistance levels.

2% of Bitcoin Addresses Control 80% of Wealth: Research
Wednesday August 14, 2019

Over the past years, many bodies have published data on massive wealth concentration in an otherwise decentralized Bitcoin network. Some of these reports have identified that less than five percent of all bitcoins addresses...

The post 2% of Bitcoin Addresses Control 80% of Wealth: Research appeared first on 12bitplay - Bitcoin Play.

Ripple price is slowly recovering higher against the US Dollar, while bitcoin and Ethereum gain traction. XRP is likely to accelerate once it clears the key $0.3000 resistance level in the near term.
Ripple Price Analysis
Yesterday, there was a downside extension in ripple price below the $0.3000 support against the US Dollar. The XRP/USD pair even broke the $0.2950 support level and traded as low as $0.2912. There was a close below the $0.2950 level and the 100 hourly simple moving average. However, the price found support near $0.2910 and $0.2920. Besides, the recent rise in bitcoin price helped altcoins in staging a decent comeback.
XRP price recovered above the $0.2950 resistance, and the 23.6% Fib retracement level of the last slide from the $0.3064 high to $0.2912 low. It even climbed above the $0.2980 level and the 100 hourly SMA. At the moment, yesterday’s highlighted bearish trend line is about to give way with resistance near $0.2988 on the hourly chart of the XRP/USD pair. The 50% Fib retracement level of the last slide from the $0.3064 high to $0.2912 low is also acting as a resistance. Once there is a proper break above the $0.2988 and $0.3000 resistances, there could be more gains. The next key resistance is at $0.3020, above which the price could retest the $0.3050 resistance.
On the other hand, if there is no upside break above $0.3000, the price might drop back towards $0.2950. If the bulls fail to defend the $0.2950 support, there could be a sharp drop back towards the $0.2910 level. Any further losses could accelerate declines below the $0.2900 support level.

Bitcoin May Be Primed for a Bounce Despite Recent Selloff
Wednesday August 14, 2019

Bitcoin (BTC) has been facing a steep sell-off over the past few days that has sent the cryptocurrency into the $10,000 region, which has led many analysts and investors alike to fear the possibility...

The post Bitcoin May Be Primed for a Bounce Despite Recent Selloff appeared first on 12bitplay - Bitcoin Play.

Looking at the chart, ripple price is likely to break the trend line and $0.3000 in the near term. The current price action is positive and signaling an upside break above $0.3020. Having said that, there might be a couple of swing moves before the price climbs towards the $0.3050 level.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD recently tested the 60 level and it is currently correcting lower.
Major Support Levels – $0.2950, $0.2920 and $0.2900.
Major Resistance Levels – $0.2988, $0.3000 and $0.3020.
The post Ripple (XRP) Price Poised To Break Higher: BTC, ETH Surging appeared first on NewsBTC.

Ripple Price (XRP) Could Recover While BTC and ETH Facing Hurdles
Monday August 12, 2019

Ripple price started an upside correction after trading to a new monthly low at $0.2897 against the US dollar. The price is trading above the $0.3000 level, with a few positive signs. There was...

The post Ripple Price (XRP) Could Recover While BTC and ETH Facing Hurdles appeared first on 12bitplay - Bitcoin Play.

You may also like...