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#Daily Price Analysis

XRP will fall to $0.4? Ripple Price Analysis 10 Oct

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Ripple price is gradually moving lower against the US Dollar and Bitcoin. XRP/USD may quicken decays once it breaks the $0.4600 support zone.

Ripple Price Key Features

  • Ripple price is under a ton of weight beneath the $0.4900 and $0.4950 resistance levels against the US dollar.
  • The current week’s pursued vital bearish pattern line is flawless with resistance at $0.4850 on the hourly outline of the XRP/USD pair (information source from Kraken).
  • The pair remains at a danger of more misfortunes as long as it is beneath the $0.4900 and $0.5000 levels.

Ripple price is gradually moving lower against the US Dollar and Bitcoin. XRP/USD may quicken decays once it breaks the $0.4600 support zone.

 

Ripple Price Analysis

Recently, we talked about the significance of the $0.4950 and $0.5000 resistance levels for Ripple price against the US Dollar. The XRP/USD pair neglected to break the said resistances and broadened decreases underneath the $0.4800 level. Ripple price is presently well underneath the $0.4900 level and the 100 hourly straightforward moving normal. It as of late broke the 61.8% Lie retracement level of the last wave from the $0.4618 low to $0.4989 high.

It appears as though XRP price is under a great deal of weight and it could return to the $0.4618 low. On the upside, an underlying resistance is at $0.4800. All the more imperatively, the current week’s pursued critical bearish pattern line is unblemished with resistance at $0.4850 on the hourly diagram of the XRP/USD pair. Furthermore, there is another bearish pattern line with resistance at $0.4740 on a similar diagram. Over the pattern lines, the 100 hourly SMA is situated at $0.4840. In this way, there is by all accounts a strong resistance framing close to the $0.4800 and $0.4850 levels.

 

XRPUSD Price Chart 10 October

XRPUSD Price Chart 10 October

 

Taking a gander at the diagram, ripple price is under a considerable measure of weight beneath the $0.4850 level. Purchasers need to push ripple price above $0.4850 and $0.4900 to organize a rebound. If not, there might be more misfortunes towards $0.4618 or $0.4550.

 

Taking a gander at the technical pointers:

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

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well beneath 50 level.

Real Support Level – $0.4618

Real Resistance Level – $0.4900

#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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