Ripple Price Technical Analysis (XRP/USD) Wednesday, January 30, 2019

Summary
During today’s session Ripple price reports an interesting increase of + 9.48% in the last 24 hours raising the price above $0.32 in what is seen a possible upward movement, however XRP still has a strong resistance in the $ 0.41.

The moving averages EMA 9/26 moves slightly towards a possible cross at $ 0.33 so an entry from my point of view would be efficient if XRP makes the crossing with a high level of volume which plays an important role in this movement.

Key Highlights

  • XRP increases more than 9%
  • Moving averages with possible bullish crossing
  • Market with rising numbers (so far)

Analyzing the XRP/USD one-day-based chart, we can appreciate the momentary bullish movement experienced by the Ripple XRP. While this movement generated profits for those who bought below $ 0.29.

On the other hand, we see the RSI with a strong movement towards the line of 50%. These, along with the volume, indicate a momentary upward panorama from which we can take advantage in the event that we have a mobile stock exchange with a high purchase volume.

XRP/USD 1 day time frame chart

At the moment, it is best to wait until XRP achieves at least a cross between mobile stockings with a notable level of volume in which we can place $ 0.40 as target.

Technical indicators

  • Moving Averages EMA 9/26
  • RSI (Relative strength index) 45%
  • Support $ 0.28
  • Resistance $ 0.41

 

Disclaimer
This analysis should be used as an information medium; it does not pretend to be an investment advice. Investing in cryptocurrencies is highly risky; avoid investing the money that you cannot afford to lose.