Ripple Latest Price Analysis- Feb 15, 2019- XRP Holding A Crucial Support Level $0.3050

Anisa Batabyal
| 15 February, 2019 | 2 min

#1 Key Highlights

  • Ripple (XRP/USD) pair trading above the crucial support level.
  • The price surged 1.88+% from $0.305 level and retraced back completely yesterday.
  • Pair couldn't accelerate through the 1H-Ichimoku cloud.
     

#2 Chart Analysis – Hourly (1H) Chart XRP/USD (Bitfinex)

If we see the XRP technical analysis today for hourly (1H) time frame chart, it has been currently trading well below the $0.311 and $0.32 resistance level. Also, it tried to break through 200H-SMA but failed to do so yesterday. Though the pair price pumped 1.8%+ but it retraced back completely. d resting above critical support level $0.3044-$0.3066 which needs to hold for further upside potential.

Ripple technical analysis today shows that it has been resting above crucial support level $0.3044-$0.3066 which needs to be respected for potential bullish momentum.

Ripple analysis today on 4-Hour chart shows that it has been under immense sell pressure and Hourly Ichimoku cloud is acting as preliminary resistance.

If we further do XRP analysis then one can observe that it needs to break through the Ichimoku cloud and retest for continued bullish momentum.

Stock-RSI and MACD indicators are curving towards bearish sentiments.

Further ripple price analysis illustrates that if the current support level

around $0.3040-$0.3060 doesn't hold then we might see pair trading near $0.28-0.29 price level soon.

#3 Conclusion

Overall, Ripple analysis 2019 states that it continued to trade within a range and around the bearish zone. Also, it might move towards $0.2900 price level area before starting an upward move.

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