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#Daily Price Analysis

Can XRP rise again? Ripple Price Analysis 9 Oct

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Ripple price is exchanging a bearish zone against the US Dollar and Bitcoin. XRP/USD could pick up upside force if purchasers push the price above $0.4950.

Ripple Price Key Features

  • Ripple price is battling close to the $0.4950 and $0.5000 resistance levels against the US dollar.
  • Yesterday’s featured key bearish pattern line is active with resistance at $0.4940 on the hourly graph of the XRP/USD pair (information source from Kraken).
  • The pair must break the $0.4950 and $0.5000 obstacles to quicken higher in the close term.

Ripple price is exchanging a bearish zone against the US Dollar and Bitcoin. XRP/USD could pick up upside force if purchasers push XRP price above $0.4950.

 

Ripple Price Analysis

Recently, we saw a drawback response underneath the $0.5000 level in Ripple price against the US Dollar. The XRP/USD pair exchanged towards the $0.4600 level and shaped a low at $0.4619. Afterward, there was an upside amendment over the $0.4800 level. There was a break over the 23.6% Lie retracement level of the last slide from the $0.5283 high to $0.4619 low. In any case, the upside move was ensured by the $0.5000 resistance and the 100 hourly basic moving normal.

All the more essentially, yesterday’s featured key bearish pattern line is active with resistance at $0.4940 on the hourly diagram of the XRP/USD pair. Also, the half Lie retracement level of the last slide from the $0.5283 high to $0.4619 low is at $0.4950. The pair is by all accounts finding a strong offering enthusiasm close to the pattern lines, 100 SMA, and the $0.4950 level. A break over this could build odds of a push over the $0.5000 resistance. On the off chance that purchasers prevail with regards to clearing the $0.5000 resistance, the following target could be $0.5120.

 

XRPUSD Price Chart 9 October

XRPUSD Price Chart 9 October

 

Taking a gander at the graph, ripple price is plainly battling close to the $0.4950 and $0.5000 resistance levels. For whatever length of time that XRP price is underneath the $0.5000 level, it could decrease back to $0.4700 or $0.4600.

 

Taking a gander at the technical markers:

Hourly MACD – The MACD for XRP/USD is back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD has moved back underneath the unbiased 50 level.

Real Support Level – $0.4700

Real Resistance Level – $0.4950

#Daily Price Analysis

XMR Daily Trading Signals: 24 October

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Dominant bias for MONERO (XMR)- Ranging

Resistance Levels- $114.00, $116.00, $118.00

Support Levels- $104.00, $102.00, $100.00

 

XMR is in a range-bound market. The bears lost momentum at 106.24 in the support area on 22nd October. The bulls’ gradual return was signaled with a bullish engulfing candle that broke the 34 EMA and XMRUSD was up at 107.98 in the support area. Increased bullish momentum saw XMRUSD at 112.85 in the resistance area on 23rd on October. but closes with a wick which implies the bear are gradually back within the range

 

XMR 4-hour chart

XMR 4-hour chart

 

XMR Price is above the 34 EMA and the relative strength index is at 66% but it signal points down which implies downward movement within the range may occur.

XMR is in consolidation and trading between $112.42 in the upper resistance area and at $105.14 in the lower support area of the range. Traders are advised to be patient at this critical period for a breakout at the upper resistance area or a breakdown at the lower support area before taking a position.

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#Cardano Price Analysis

ADA Daily Trading Signals: 24 October

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Dominant bias for CARDANO (ADA)- Bearish

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Levels- $0.07000, $0.06800. $0.06600

 

ADA is in a bearish trend.  After the loss of the bullish pressure that saw ADAUSD at $0.07939 in the resistance area on 21st October, the bears’ return was gradual. Initially, the cryptocurrency was down to $0.07680 in the support area before closing same day. The increased bearish pressure led ADAUSD to $0.07610 before minor bullish pullback on 22nd October that pushed the cryptocurrency up $0.07771 in the resistance area. Today’s 4-hour opening candle at $0.07616 formed a bearish railroad an indication that the bears are back and price may head south.

 

ADA 4-hour chart

ADA 4-hour chart

 

Price is below the 34 EMA a plus to the bears’ pressure coupled with the relative strength index signal pointing down it implies downward price movement of the cryptocurrency may be inevitable.

The downward trendline serves as a strong resistance. Each touch of price on it result in a breakdown. A breakdown may be expected as the price is around it. $0.07200 in the support area may the initial bears’ target

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#Daily Price Analysis

XRP Daily Trading Signals: 24 October

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Dominant bias for XRP- Ranging

Resistance Levels- 0.6000 $0.6500, $0.7000

Support Levels- $0.3500, $0.3000. $0.2500

 

XRP continues in a range-bound market. The bears successfully took control of the market after the formation of a bearish railroad at $4617. XRP was initial down to $4567 and later to $4444 in the support area. Attempts to continue the downward journey within the range was rejected as a doji was formed, a good signal for reversal. The bulls did return and took XRP to $4853 in the resistance area.

 

XRP 4-hour chart

XRP 4-hour chart

 

The morning star formation was confirmation for the bullish takeover within the range. The price rose $0.48534 in the resistance area.

Price is above the two EMAs and the stochastic oscillator at 45% and its signal points up. This implies upward price movement within the range due to the bullish increased momentum.

XRP is in consolidation and trading between $0.4819 in the upper resistance area and at $0.4425 in the lower support area of the range. Traders should be patient at this period and allow a breakout at the upper resistance area or breakdown at the lower support area before taking a position with good reversal candlestick pattern that confirms the direction.

 

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