Blockchain

Ripple Rebounds and Overruns the Bears as It Targets $0.28 Resistance

01. avgust 2020 ob ​​11:14 // Novice

Ripple has hit above the $0.26 price level

Today, Ripple has hit above the $0.26 price level at the time of writing. Earlier on, buyers have been pushing XRP from the previous overpriced level of $0.235. The coin bounced above $0.23 to break the $0.235 resistance.

Nonetheless, the momentum extended to $0.25 high on July 29. However, further upward movement was stalled below the resistance as buyers fail to push XRP above $0.25. On July 31, the resistance was breached as price rallied above it. Today, XRP is trading at $0.27 at the time of writing. A further upward move to $0.28 is expected but XRP may resistance at the recent high.

Analiza kazalcev Ripple

The price broke the support line of the ascending channel, signaling a further upward movement of the coin. XRP is also rising as it is above 80% range of the daily stochastic. Ripple price is well above the exponential moving averages. It indicates a rise in the coin.

1596276834196_XRP-CoinIdol.png

Kakšna je naslednja poteza za Ripple?

Surprisingly, the recent upward move is impressive. A red candle body tested the 0.382 Fibonacci retracement level. It indicates that the market will rise to level 2.618 Fibonacci extension level. This implies that the market will reach a high of $0.253. However, today the price action has indicated otherwise. Ripple has reached a high of $0.27 high but it is approaching the high at $0.28.

XRP-CoinIdol.(2+Chart)png.png

Izjava o omejitvi odgovornosti Ta analiza in napoved sta osebni mnenji avtorja, ki nista priporočilo za nakup ali prodajo kriptovalut in ju CoinIdol ne bi smel obravnavati kot potrditev. Bralci naj pred vlaganjem sredstev opravijo lastne raziskave.

Source: https://coinidol.com/ripple-targets-resistance/