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#Daily Price Analysis

Ripple Price Analysis: XRP/USD Improvement Signs.

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Ripple price is increasing bullish force against the US Dollar and Bitcoin. XRP/USD could keep on moving higher once it settles above $0.3020.

Ripple Price Key Features

  • Ripple price is shaping a strong support base close to the $0.4270 level against the US dollar.
  • There was a transient break over a bearish pattern line at $0.4320 on the hourly chart of the XRP/USD match (information source from Kraken).
  • The combine could move above $0.4370 to pick up footing towards the $0.4500 level in the close term.

Ripple price is giving positive hints against the US Dollar and Bitcoin. XRP/USD needs to move past $0.4370 to test the following obstacle close to the $0.4500 level.

Ripple Price Resistances

There were numerous dismissals noted close to the $0.4270 level in Ripple price against the US Dollar. The XRP/USD combine shaped a strong support base around $0.4270 and moved higher. Ripple price exchanged over the 23.6% Lie retracement level of the last slide from the $0.4446 high to $0.4266 low. These are certain signs, however, Ripple price is confronting a key resistance close $0.4370.

Amid the ongoing upside, there was a fleeting break over a bearish pattern line at $0.4320 on the hourly chart of the XRP/USD match. In any case, the price confronted a solid offering enthusiasm close $0.4365-70 and the 100 hourly basic moving normally. Additionally, the half Lie retracement level of the last slide from the $0.4446 high to $0.4266 low likewise went about as a resistance. Hence, there could be a minor drawback push towards the $0.4300-20 zone in the close term. On the upside, a tear above $0.4370 could open the entryways for more picks up towards the $0.4500 level.

XRPUSD Price Chart 6 August

XRPUSD Price Chart 6 August

Taking a gander at the chart, Ripple price stays all around supported over the $0.4270 level. Ought to there be a break beneath this, the price may maybe move towards the $0.4100 level. The general inclination is sure as long as the price is above $0.4270.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for XRP/USD is set in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is as of now moving lower towards the 50 level.

Significant Support Level – $0.4270

Significant Resistance Level – $0.4370

#Cardano Price Analysis

ADA Daily Trading Signals: 19 October

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ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

Dominant bias for CARDANO (ADA) – Ranging

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Level-$0.07000, $0.06800. $0.06600

 

ADA is in a range-bound market   The loss in bullish momentum at $0.08091 in the resistance area for the continued upward journey after the retest gradually set the bears back in the market. The doji opening candle of 18th October at $0.08001 followed by the bearish hammer confirmed the bears’ takeover. ADAUSD was initially down to $0.07752. Increased bears pressure pushed the cryptocurrency further down to $0.07537 in the support area as ADAUSD enters the range.

ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

 

ADA 4-hour chart

ADA 4-hour chart

 

ADA is in consolidation and trading between $0.08050 in the upper supply area and at $0.07200 in the lower demand area of the range. A breakout at the upper resistance area or breakdown at the lower support area may occur hence patience is required for either to happen. Confirmation with good reversal candles after retest will be of great importance.

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#Daily Price Analysis

XRP Daily Trading Signals: October 19

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Dominant bias for XRP – Bullish

Resistance Levels- 0.6000 $0.6500, $0.7000

Support Level-$0.3500, $0.3000. $0.2500

 

XRP had a temporary drawdown which is a plus to the cryptocurrency on its journey to the moon. The bullish opening of 18th October at $0.4832 expected to push the price of XRP up showed exhaustion as the candle closes with a wick. This returned the bears to market.  The bears’ pressure was strong as XRPUSD initially down to $0.4719. With increased bearish momentum, the cryptocurrency went further down to $0.4560 in the support area as the trading session runs to a close

Apparently, the pullback was necessary for the market correction before uptrend continuation. The retracement was within the 50.0 fib level a trend reversal zone. The implication is that the bulls still lurk in the market and a strong comeback may occur sooner than expected. Moreover, the broken diagonal line in the Fibonacci is another great tool. Each time price touches it, it bounces off it. A bounce may also be expected if price makes a touch at it before going up.

 

XRP 4-hour chart

XRP 4-hour chart

 

The 200 EMA is seen acting as a strong support for bullish movement as XRP price lies above it. The stochastic oscillator signal points down at 32% which suggest minor downward price movement may occur before uptrend continuation.

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#Bitcoin Price Analysis

BTC Daily Trading Signals: October 19

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BTC Price remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown.

Dominant bias for Bitcoin (BTC) –Ranging

Resistance Levels- $6800, $6900, $7000

Support Level-$6000, $5900. $5800

 

BTC remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown. Despite a bullish 4-hour opening at $6735.6 on 18th October that led to the high of the day at $6779.9, the bear takeover was confirmed by the next bearish candle. BTCUSD was down to $6609.3 in the support area.

Though $6607 was the low BTCUSD made on 17th October with the current strong bearish pressure, a lower low may be attained at the end of trading session.

 

BTC 4-hourchart

BTC 4-hour chart

 

BTC Price is below the 10 EMA but sits on the 200 EMA. A break below the 200-EMA may see the bear taking BTCUSD to the 6300 area. The stochastic oscillator is in the oversold region but its signal points down which implies further downward price movement within the range.

BTCUSD is in consolidation and trading between $6800 in the upper resistance area and at $6300 in the lower support area of the range. A breakout at the upper area will be good for a long while a breakdown at the lower area suggests shorting the cryptocurrency.

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