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Ripple $ XRP Price Outlook: bullish – allcoinsnews.com

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24 December 2018 21:23 UTC

Action price

The price of $ XRP has increased over twenty-four hours. The latest price at the time of printing is .39480 USDT. In Binance's moderate to heavy volume trading, the daily variation is 8.52%, which is 0.03098 USDT:

$ Changing the XRP price
period % USDT
24 hours 8:52 0.03.098 thousand
7 days 20.66 0.06.759 thousand
1 month 3.96 0.01.503 thousand

news

Trend

the trend is UP

[Latendenzaè"to"quandoil[Trendis"up"whenthe[Latendenzaè”su”quandoil[Trendis”up”whentheweekly the price movement is predominantly upward.]

Depth of the market in real time

The depth of the market in real time is strongly bullish.

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Graphic

Tap / click to enlarge:

XRP-USDT-binance twenty-four-candles-2018-12-24

Remarks

In this edition of Christmas Eve we find $ XRP in the ninth day of a bullish trend in which 7 of the 9 daily candles are bullish green.

We see the price of the bitcoin up by 1.82% or $ 71.46 in twenty-four hours and this will exert an upward influence on Ripple.

Other good market news is the introduction by Binance of two pairs of XRP offers: $ TRX / XRP and $ XZC / XRP. One pair was well received by traders with $ XZC up 30.4% overnight. The $ TRX pair is not so much, as it is slightly down by 0.10%.

Regarding the finances of the main road, the news is gloomy as regards the reporting of PBS.org "The major indices on Wall Street fell another 2% on Monday, making it very possible for the market to end this month as the worst December for stocks since 1931."

Although not as good for fiat, the probable effect on bitcoin and crypto in general, and $ XRP in particular as second cryptography, is favorable because investors who leave the fiat in disgust may find greener fields in cryptocurrency – which also has exchange rates at the moment and a much brighter long-term perspective.

Historically there is little or no correlation between the price of the principal shares and the price of the cryptocurrency, based on the analysis of overlapping graphs over a period of five years. The ancillary spin-off effects of a major malfunctioning main asset generally hold good for other alternative investment vehicles, including investments in gold, crypto and other hedging investments.

technicals

Moving Average Convergence Divergence (MACD)

The MACD on the four-hour chart is bullish. The last six 4-hour sessions have all been bullish. This while the last three sessions have seen price losses and red candles. The price drop may be temporary as the largest image is still on the upside.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 days 0.39.744 thousand
25 days 0.37.549 thousand
99 days 0.34.745 thousand

The short-term EMA (7) saw some sharp climbs in the last week. Today on the four-hour chart we see the declination angle leveling, while prices fall. This is a period of consolidation before the next stage.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Strength Index in the chart at one hour is 45.5. This is a neutral state.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin price modifier $ BTC

The Bitcoin $ BTC 24 hour exchange rate is equal to 1.82%. This can exercise a bullish influence on Ripple today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Ripple $ XRP Price Outlook

bullish
  • the outlook of the $ Ripple XRP price is bullish
  • if the price finds acceptance at higher levels, immediate resistance is printed at $ 0.45000
  • if the price finds acceptance at lower levels, immediate support is printed at $ 0.36214

Resistance levels: $ 0.45000 $ 0.45 $ 0.48 $ 0.56878

Support levels: $ 0.36214 $ 0.34 $ 0.30 $ 0.28

Invalidation: this perspective is no longer valid if the activity took place outside the resistance or support levels or outside the duration of short-term analysis.

Duration of analysis: more than one day

This relationship is for a short-term duration of more than one day. The analysis is time sensitive.

[Analysis duration is the “best before date”, calculated from report generation at December 24 2018 21:23 UTC.]

Revelation

The author retains Ripple $ XRP at the time of writing.

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