Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: Ripple bounces off 50-DMA support, on track to test $0.47

Mon, 17 Jun 2019, 08:06 am UTC

XRP/USD chart - Trading View

Exchange - Binance

Support: 0.4148 (5-DMA); Resistance: 0.47 (Dec 2018 high)

Technical Analysis: Bias Bullish

Ripple bounces off 50-DMA support, bias is turning bullish (5-DMA has turned).

'Golden Cross' formation on the daily charts keeps scope for upside.

RSI is above 50 mark and Stochs are sharply higher. MACD is on verge of bullish crossover on signal line.

Volatility is rising on the weekly charts and price action is holding above 5W SMA.

55W EMA is stiff resistance at 0.4553. Break above will see test of 0.47 (Dec 2018 high).

5-DMA is immediate support at 0.4148. Break below 50-DMA (0.3816) will see dip till 200-DMA (0.3432).

Violation at 200-DMA negates bullish bias.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,623.20 (-1.23%)
  • Ethereum (ETH) $165.88 (-1.99%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $341.11 (-0.18%)
  • Bitcoin SV (BSV) $293.65 (-7.35%)
  • Bitcoin (BTC) $8,623.20 (-1.23%)
Jan 22, 2020 (Wednesday)
13:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:12
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
13:08
Mastercard, Standard Chartered and others join Singapore’s blockchain-based TradeTrust network to digitize international trade
12:01
Crypto Technicals: BCH/USD finds stiff resistance at 55W EMA at 358.85, break above to propel prices higher
10:48
Crypto Technicals: LTC/USD grinds higher, retraces brief dip below 200H MA
10:47
Square Crypto makes first major project announcement
10:17
Crypto accounting service Cryptio selected for ConsenSys’ Tachyon, reveals plans for 2020
09:08
Binance’s global P2P merchant program goes live
08:54
Huobi Group launches its own crypto brokerage platform
07:40
3 executives including founding team members leave SIX Digital Exchange (SDX)
07:17
Turkish City works on a new cryptocurrency to serve citizens better
06:54
Vodafone quits Facebook’s Libra to focus on own digital payment service M-Pesa
06:54
Crypto Technicals: ETH/USD correction holds above 110-EMA, set to resume upside as bias remains bullish
06:04
Grayscale Bitcoin Trust becomes SEC reporting company
05:42
Crypto Technicals: BTC/USD struggles to extend recovery, 'Death Cross' on hourly charts weighs
05:42
Six central banks team up to explore potential cases for CBDCs
04:46
Australia's APRA wants to supervise digital wallets like Facebook's Calibra
04:26
Didn’t ban cryptocurrencies but ringfenced banks from it, clarifies Reserve Bank Of India
Jan 21, 2020 (Tuesday)
12:25
Brave New Coin announces ‘Twitter Sentiment’ data for bitcoin
11:30
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft