Home Ripple Ripple Price Analysis: XRP Pokes $1.40 As Bulls Manage a 6% Daily Increase – CryptoPotato

Ripple Price Analysis: XRP Pokes $1.40 As Bulls Manage a 6% Daily Increase – CryptoPotato

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XRP/USD – XRP Breaks August Highs

Key Assist Ranges: $1.36, $1.25, $1.20.
Key Resistance Ranges: $1.40, $1.50, $1.54.

XRP has lastly damaged the August excessive at $1.36 at this time after spiking as excessive as $1.40. The coin reached $1.36 (1.618 Fib Extension) throughout mid-August and began to pattern decrease from there inside a symmetrical triangle.

The triangle was lastly damaged initially of September as XRP began to surge inside an ascending worth channel. XRP discovered assist at $1.25 (Feb 2018 excessive) over the weekend and rebounded from there yesterday to interrupt $1.30. It continued increased at this time to interrupt the August excessive.

xrpusd-sep6-min
XRP/USD Every day Chart. Supply: TradingView.

XRP-USD Quick Time period Worth Prediction

Wanting forward, the primary resistance lies at $1.40. That is adopted by $1.50 (bearish .786 Fib), $1.54 (1.414 Fib Extension), $1.62 (bearish .886 Fib), and $1.72 (1.414 Fib Extension).

On the opposite aspect, the primary assist lies at $1.36. That is adopted by $1.25, $1.20 (20-day MA), $1.10 (.382 Fib), and $1.00.

The RSI is beginning to head increased once more, indicating growing bullish momentum.

XRP/BTC – XRP Breaks September 2600 SAT Resistance

Key Assist Ranges: 2600 SAT, 2455 SAT, 2400 SAT.
Key Resistance Ranges: 2670 SAT, 2730 SAT, 2915 SAT.

In opposition to BTC, XRP broke the September resistance at 2600 SAT at this time because it reached as excessive as 2670 SAT. The coin moved above a descending wedge formation on the finish of August and it surged increased to reclaim floor above the 20-day MA.

Within the first week of September, XRP struggled to interrupt 2600 SAT. At the moment’s worth hike lastly pushed XRP above the resistance because it makes a brand new excessive for the month.

xrpbtc-sep6-min
XRP/BTC Every day Chart. Supply: TradingView.

XRP-BTC Quick Time period Worth Prediction

Wanting forward, the primary resistance lies at 2670 SAT (bearish .786 Fib). That is adopted by 2730 SAT (1.618 Fib Extension), 2915 SAT (bearish .618 Fib), and 3000 SAT.

On the opposite aspect, the primary assist lies at 2600 SAT. That is adopted by 2455 SAT (.236 Fib & 20-day MA), 2400 SAT, 2290 SAT (.382 Fib), and 2155 SAT (.5 Fib & 100-day MA).

Once more, the RSI is rising, which additionally signifies growing momentum.

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Disclaimer: Data discovered on CryptoPotato is these of writers quoted. It doesn’t symbolize the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You’re suggested to conduct your personal analysis earlier than making any funding selections. Use supplied data at your personal danger. See Disclaimer for extra data.

Cryptocurrency charts by TradingView.


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