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IQ_Option
Number of messages : 186
Points : 1020
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Ripple Weekly Analysis

on Wed Nov 29, 2017 10:58 pm
Ripple is among the top five largest coin in the crypto economy. The coin lost its third spot to Bitcoin Cash, but it is holding the 4th spot firmly with almost no contest till now. With a bullish run throughout the month, the market cap of the token reached above $10 billion.

Key Highlights

  • XRP gained over 10 percent weekly against USD but gained only 2.65 percent in the 24-hour chart because of the dip from the weekly peak
  • XRP/BTC pair depreciated 20 percent over the week and currently trading at 0.000024 BTC



Ripple had a steady and gradual growth throughout the week until the last 24 hours. In the early and midweek, the coin faced a resistance above $0.25 which pushed the price downward a couple of times. But both the times the coin soon enough found support levels with also acted as a pivot.


In the last 36 hours, the coin had a substantial growth due to sudden demand. The token took a leap from $0.246 to $0.2666, but the resistance pushed it downward. XRP/USD pair then found support at $0.25 which also acted as a pivot and the pair went up to the weekly peak of $0.28. But the token had an almost instant dip from the peak level and is currently struggling to find support at $0.25.

The technical indicators are diving due to the recent dip of the coin from the weekly peak. MACD is going bearish forming a significant gap between the curves and Stoch went under the overselling mark. At 34 percent, RSI is taking an upward turn after touching the 30 percent overselling mark.


Against the soaring Bitcoin, XRP had a week-long bearish run. The pair lost 20 percent as the value went down from 0.000030 BTC to 0.000024 BTC.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 186
Points : 1020
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Ripple Weekly Analysis

on Wed Dec 06, 2017 10:59 am
In the volatile cryptocurrency market, Ripple is one of the stable coins. The coin did not have an exponential rise recently, but it did not fall drastically either. It is also backed by a very promising firm, which will give the token leverage in the long run. Currently, the token is holding above $9.3 billion in market cap and is the 5th largest coin as it lost its 4th spot to the booming IOTA.

Key Highlights:

  • XRP/USD pair faced a stiff resistance between $0.246 to $0.25 since the midweek
  • XRP/BTC pair depreciated 25 percent over the week and currently trading around 0.000018 BTC



The coin started its week, be taking a dive from $0.27 to $0.22. Though the pit acted as a pivot and the token recovered to $0.24, it fell again to $0.22. But this time it pushed the coin until it reached $0.25. The token faced resistance at that level, but a support level also formed at $0.24.

After staying in this resistance-support band, it suddenly went up to $0.259. Testing that resistance level for a while, the token dropped. Though the support at $0.24 tried to hold the token’s value, the new resistance formed above $0.246 checked any growth, and the token started to fall gradually and ultimately breached the support.


In the daily chart, the token is on a gradual downward move, and its value fell from $0.242 to $0.229. It is trying to find a new support level and is stabilizing around $0.23.

Due to the falling Ripple prices, the indicators are also running bearish. Stoch went under the overselling mark while RSI has recovered from 22 percent to 41 percent. MACD is also running bearish with a substantial gap between the curves.


XRP/BTC pair had bearish run all around the week mostly because of the rising BTC/USD. The pair dropped 0.000024 BTC to 0.000018 BTC over the week registering a loss of 25 percent.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 186
Points : 1020
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Ripple Weekly Analysis

on Wed Dec 13, 2017 5:21 pm
Ripple is currently one of the most stable coins. After the mammoth gain of the token in May, the value of it kind of stabilized. Even in the current soaring market, Ripple held it ground most of the time. Currently, the token is holding a market cap of above $14 billion and is the 5th largest coin in the market.

Key Highlights
With a recent spike, XRP/USD touched an all-new high beyond $0.50, but the peak resistance pushed it down
XRP/BTC pair appreciated 46 percent week-on-week and is currently trading around 0.000022 BTC


For Ripple, the week started with a gradual downward movement, but the token soon found support around $0.20. In the midweek, an upward boost also took the value from $0.20 to $0.24, but at that point, a strong resistance checked further growth. But the coin also had support around $0.22.


In the daily chart, ultimately XRP/USD pair breached the resistance and gained a steady upward pace. After a steady rise to $0.30, the pair’s value skyrocketed with a sudden spike. In a couple of hours, the pair crossed $0.50 mark to touch an all-new high. But due to the peak resistance, it could not hold the value and started to drop. Currently, it is trying to find support around $0.40.
Because of the bullish run, the technical indicators are also soaring. After a long stable run, MACD is strongly running bullish. Stoch was also wandering in the overbuying zone since the breach of $0.24 resistance. Because of the current peak resistance, Stoch came below the overbuying mark. RSI is still running above the overbuying mark and currently is at 79 percent.


Though most of the week XRP/BTC pair traded between 0.000017 BTC and 0.000014 BTC, with the recent rise in the value went up to 0.000022 BTC. This is a weekly gain of 46 percent.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


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