$0.46417 -0.35%
XRP · 57w

Technical Analysis XRP/USD 14/09/2017


Here’s how XRP/USD has failed to keep up the downward trend line. I was saying in the latest technical analysis that the XRP/USD parity will not be able to keep above the downward trend line, if the BTC will have a downward break, the support level at $3900. Here is the BTC broke the support level at $3900 and dropped yesterday to $3740usd.

At the time I publish this analysis (h 0.15) on the BTC, there is a slight recovery. Here’s how, again, XRP/USD is synchronized with the downward movement of the BTC. Lately, any attempt to recover XRP/USD has been neutralized by Bitcoin’s downward move.

The resistance lines are:                                             The support lines are:

    R1 –  $0,23usd                                                                 S1 – $0,19usd

    R2 –  $0.30usd                                                                 S2 – $0,175usd

                                                                                             S3 – $0,15usd

Yesterday XRP / USD tested the S1 support $0.19usd again. If the downward movement on the BTC will continue XRP/USD will break the support level S1 $0,19usd and will descend to S2 $0,175usd. However, we should know what levels of support we have on the BTC.

To what level of price can BTC come down in the short-term? The last minimum level on the BTC was $3600 (August 22). It is possible that the price will try to form a new support level at $3600. From $3600, we will probably have a recovery on the BTC. At this point, a downward trend channel was formed on the BTC. If the BTC will not form a support area at $3600usd, the next level at which it can stop is $2900usd (previous resistance area).

XRP/USD will follow BTC’s move in the coming days. A decoupling from the BTC movement can only be produced, except in the case of really good news.  For the next two days, the possible evolution of the XRP/USD price is drawn in...

Continue on ripplecoinnews.com
Recent news
XRP -0.35% · u.today · 18h

How High XRP Price Can Go?

Despite its ebbing price, XPR is likely to appear at the forefront of financial revolution
XRP -0.35% · youtu.be · 20h

Paging /u/Hodor7777

What do you say to people who want to go to the MOON? How to react when people spread FUD? What can you do if you bought the dip but it keeps dipping? We par...
XRP -0.35% · twitter.com · 20h

MoneyNetInt Joins RippleNet

Proud to welcome MoneyNetInt to our growing family of Ripple-enabled payment institutions. The global Ripple network grows & grows. #internetofvalue https://t.co/qEvZxJdXS4— Marcus Treacher (@mar...
XRP -0.35% · twitter.com · 22h

Mojaloop to implement ILP and COIL

We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems. #githubuniverse— Miller Abel (@MillerAbel_) October 17,...