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Ripple Impress Diagnosis: Is XRP Ready to Jump From the Recent Aid Round $1.10?

XRP/USD – XRP Holds .382 Fib Aid

Key Aid Levels: $1.10, $1.00, $0.928.


Key Resistance Levels: $1.25, $1.36, $1.40.

XRP has dropped a total of 18% since reaching $1.36 (1.618 Fib Extension) over the weekend. Regardless of this retracement, the coin is mute up 11% over the week after surging from under $1.00.

The cryptocurrency is in the interim buying and selling interior a extensive ascending impress channel and is in the interim testing the encourage on the decrease attitude. It’s further bolstered by a .382 Fib Retracement.

A damage under the impress channel might well presumably moreover scrutinize XRP heading encourage to $1.

xrpusd-aug19-min
XRP/USD Day after day Chart. Provide: TradingView.

XRP-USD Short Term Impress Prediction

Having a leer forward, if the bears damage $1.10 (.382 Fib), the important thing encourage lies at $1.00. Here is adopted by $0.928 (.618 Fib & 20-day MA), $0.8282 (2020 high & 200-day MA), and $0.75 (50-day MA).

On the opposite aspect, the important thing resistance lies at $1.25 (Feb 2018 highs). Here is adopted by $1.36 (1.618 Fib Extension), $1.40, and $1.50 (bearish .786 Fib).

The on day by day foundation RSI has dropped from extraordinarily overbought prerequisites, indicating the bullish momentum is fading. On the opposite hand, it is miles mute above the midline, so the bears are but to develop encourage watch over of the market momentum.

XRP/BTC – XRP Retraces From 1.618 Fib Extension

Key Aid Levels: 2380 SAT, 2200 SAT, 2100 SAT.


Key Resistance Levels: 2600 SAT, 2670 SAT, 2730 SAT.

XRP has moreover retraced against BTC after hitting resistance at 2730 SAT (1.618 Fib Extension) over the weekend. On Tuesday, XRP fell under 2600 SAT and persevered decrease on Wednesday until encourage was chanced on at 2780 SAT (.382 Fib).

It has since bounced from this encourage because it attempts to climb encourage above 2600 SAT.

xrpbtc-aug19-min
XRP/BTC Day after day Chart. Provide: TradingView.

XRP-BTC Short Term Impress Prediction

Having a leer forward, the important thing encourage under lies at 2380 SAT (.382 Fib). Here is adopted by 2200 SAT (.5 Fib & 100-day MA), 2100 SAT (.618 Fib & 20-day MA), and 2000 SAT.

On the opposite aspect, the important thing resistance lies at 2600 SAT. Here is adopted by 2670 SAT (bearish .5 Fib), 2730 SAT (1.618 Fib Extension), 2915 SAT (bearish .618 Fib), and 3000 SAT.

The on day by day foundation RSI is moreover falling here, indicating the outdated bullish momentum is exhibiting indicators of fading.

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Cryptocurrency charts by TradingView.

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