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#Daily Price Analysis

Will XRP fall below $0.4? Ripple Price Analysis 11 Oct

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Ripple price plunged into a bearish zone. XRP/USD may recuperate a couple of focuses, however, upsides stay capped close $0.4280.

Ripple Price Key Features

  • Ripple price declined vigorously and broke the $0.4280 and $0.4000 support levels against the US dollar.
  • The current week’s pursued vital bearish pattern line played well with resistance at $0.4480 on the hourly chart of the XRP/USD pair (information source from Kraken).
  • The pair is under a great deal of weight and it might keep on confronting merchants close $0.4280 and $0.4400.

Ripple price plunged into a bearish zone against the US Dollar and Bitcoin. XRP/USD may recuperate a couple of focuses, however upsides stay capped close $0.4280.

 

Ripple Price Analysis

This week, we pursued a bearish example beneath the $0.5000 resistance for Ripple price against the US Dollar. The XRP/USD pair stayed in a bearish underneath $0.5000 and $0.4950 and it as of late declined pointedly. Venders came into the activity and drove Ripple price beneath the $0.4400 and $0.4280 support levels. The drop was dreadful as ripple price even broke the $0.4000 support and settled underneath the 100 hourly straightforward moving normal.

All the more significantly, the current week’s pursued essential bearish pattern line played well with resistance at $0.4480 on the hourly chart of the XRP/USD pair. A low was framed close to the $0.3900 zone and XRP price later began an upside adjustment. It is at present testing the 23.6% Lie retracement level of the ongoing decay from the $0.4744 high to $0.3954 low. A prompt resistance is close to the $0.4280-0.4290 zone, which was a support before. Over the $0.4280 level, ripple price may confront merchants close $0.4480. It is near the half Lie retracement level of the ongoing decrease from the $0.4744 high to $0.3954 low.

 

XRPUSD Price Chart 11 October

XRPUSD Price Chart 11 October

 

Taking a gander at the chart, ripple price is unmistakably in a bearish zone underneath $0.4480. For whatever length of time that there is no nearby above $0.4500, it stays at a danger of more decreases.

 

Taking a gander at the technical pointers:

Hourly MACD – The MACD for XRP/USD is picking up energy in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well beneath 30 level.

Real Support Level – $0.4000

Real Resistance Level – $0.4480

#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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