XRP Price Analysis – February 19

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Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bullish

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.32, $0.30, $0.28

The XRPUSD pair is now in the bullish trend zone. In retrospect, the XRP price was in the bearish trend zone since January 10 2019. In other words, the crypto had been trading below the $0.33 price level. On February 18, the XRP price broke above the 12-day EMA and the 26-day EMA and reached a high of $0.32. The crypto’s price is making a series of higher highs and higher lows.

Today, the crypto has also appreciated to the high of $0.34. On the upside, if the crypto’s price is sustained above the EMAs and more buyers come in at critical levels, the crypto will reach the highs of $0.40 and $0.50 . Meanwhile, the stochastic indicator is in the overbought region but below the 60% range which indicates that the XRP price is in a  bullish momentum and a buy signal.

 XRPUSD Short-term Trend: Bullish

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

On the 4-hour chart,  the XRP price is in an uptrend. The crypto’s price series of higher highs and higher lows was disrupted at the $0.34 price level with a bearish candlestick. A bullish trend is ongoing when the trend line is unbroken. From the chart, if the price breaks the trend line and the following candlestick closed in the opposite of it, the current trend is said to be terminated.

The bullish trend is ongoing as at the time of writing. Meanwhile, the stochastic indicator is in the overbought region and above the 80% range which indicates that the XRP price is in a  strong bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.         

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