Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies

Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar.
Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels.
Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline a few points, but it remains supported above $0.2700.

Ethereum Begins Ranging as Crypto Markets Drop, but $263 Target Remains
Saturday September 21, 2019

Ethereum (ETH) has been incurring significant bullish momentum over the past several days, and it has been able to maintain some stability around $220 despite the aggregated crypto markets facing some downwards pressure as...

The post Ethereum Begins Ranging as Crypto Markets Drop, but $263 Target Remains appeared first on 12bitplay - Bitcoin Play.

Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply if it clears the $0.2920 resistance.
Ripple Price Analysis
Yesterday, we saw a decent recovery in XRP price above the $0.2700 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.2800 resistance and settled above the 100 hourly simple moving average. It opened the doors for more gains above the $0.2850 level. More importantly, there were decent gains in other altcoins, including Ethereum, EOS and litecoin.
However, ripple price faced a strong resistance near the $0.2900 and $0.2920 levels. A swing high was formed near $0.2918 and the price recently started a downside correction. It broke the $0.2850 support plus the 23.6% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. Finally, the price found support near the $0.2750 and $0.2760 levels.
Additionally, the price found support near the 50% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. More importantly, yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair. The 100 hourly SMA is also following the trend line and is currently near $0.2720. Therefore, dips towards the $0.2750 and $0.2720 levels remain attractive to the bulls.
On the upside, the main resistances are near $0.2900 and $0.2920. An immediate resistance is near $0.2880 and a connecting bearish trend line on the same chart. A convincing close above the $0.2920 level might start another upward move towards the $0.3000 and $0.3050 levels. An intermediate resistance is near the $0.3020 level.

Cryptocurrency Entrepreneur Charged with $8.75 Million Extortion
Friday September 20, 2019

A cryptocurrency entrepreneur has been charged with extorting an unnamed, Seattle-based digital asset startup. Steven Nerayoff stands accused of threatening to “wreck the company” should the firm not meet his demands of more than...

The post Cryptocurrency Entrepreneur Charged with $8.75 Million Extortion appeared first on 12bitplay - Bitcoin Play.

Looking at the chart, ripple price is currently trading nicely above the $0.2750 and $0.2720 support levels. Therefore, there are chances of a fresh increase above the $0.2880 and $0.2920 resistance levels. Conversely, a successful hourly close below the $0.2700 support might negate the current bullish view in the coming sessions. The next key support is near the $0.2550 level.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is about to move back into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
Major Support Levels – $0.2750, $0.2720 and $0.2700.
Major Resistance Levels – $0.2900, $0.2920 and $0.3000.
The post Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies appeared first on NewsBTC.

Bitcoin Price (BTC) Trading Near Make-or-Break Levels
Wednesday September 18, 2019

Bitcoin price is trading in a range below the $10,300 and $10,400 resistances against the US Dollar. The price is struggling to gain momentum above $10,300 and the 100 hourly SMA. There is a...

The post Bitcoin Price (BTC) Trading Near Make-or-Break Levels appeared first on 12bitplay - Bitcoin Play.

You may also like...