您现在的位置是:XRP to attempt fresh rally towards $2 >>正文
XRP to attempt fresh rally towards $2
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛277人已围观
简介Ripple’s XRP fell short of the $2 mark yesterday but shows signs of an extended run that could...
Ripple’s XRP fell short of the $2 mark yesterday but shows signs of an extended run that could see it break past the resistance point
XRP is one of the best-performing cryptocurrencies of the past week. It is up by nearly 100% against the US Dollar over the last seven days. Yesterday, the XRP/USD pair rose by 2.30%, following a 22.24% jump the previous day.
XRP’s rally continued in the early hours of Thursday, surging to a high of $1.96695. However, failure to break the first major resistance level at $1.9839 saw the XRP/USD pair fall to a low of $1.56077. XRP managed to steer clear of the first major support level at $1.5132, allowing it to bounce back and trade above $1.70. At the time of writing, XRP is trading at $1.746.
XRP price outlook
For the day ahead, XRP needs to start by overcoming the $1.7832 pivot level to stand the chance of bringing the first significant resistance level at $2.0210 into play. XRP’s price decline coincides with that of the general market, and the cryptocurrency could use the help from the broader market if it is to break out from yesterday’s high of $1.96695.
In the event of an extended market rally, the cryptocurrency could test further resistance at $2.20 levels before any potential pullback, with the second major resistance point sitting at $2.2038.
However, failure to surpass the $1.7832 pivot would allow the bears to take control and bring the first significant support level at $1.6004 into play. Unless there is a massive sell-off, XRP will most likely avoid the second major support level at $1.3626. Any potential downside could be limited by the 23.6% FIB of $1.5426.
XRP/USD 4-hour chart. Source: Coinalyze
A closer look at the XRP/USD 4-hour chart shows that the pair is trading 78% above the 100-day SMA (0.98810). The MACD line is very bullish despite the slight price decline in the past few hours. Its RSI is above 60 and is edging closer to the overbought (OB) region, suggesting that XRP is on a bullish cycle and could continue for a while.
CoinShares announces the launch of XRP exchange-traded product (ETP)
XRP could gain a boost from CoinShares announcing it launched an XRP ETP yesterday. Europe’s largest digital asset investment firm said the XRP ETP would be listed under the ticker XRPL on the regulated SIX Swiss Exchange.
The news comes on the back of Ripple winning some arguments in the ongoing SEC lawsuit and could help XRP rally higher.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/48416.html
相关文章
Poly Network attacker returns over $250 million
XRP to attempt fresh rally towards $2Poly Network was attacked three days ago, with over $600 million stolen from the decentralised finan...
阅读更多
Where to buy Thirm Protocol: THIRM climbs 167% to new high
XRP to attempt fresh rally towards $2THIRM has hit its highest price in over a month after a near-200% daily pumpTHIRM’s 167% price...
阅读更多
XRP price risks fresh declines below $1.20
XRP to attempt fresh rally towards $2If upside momentum increases, XRP/USD could test resistance at $1.28 and possibly move towards $1.42...
阅读更多
热门文章
- Antivirus Pioneer John McAfee Charged by DOJ and SEC
- Dogecoin slips below $0.1: Will the market correction persist throughout December?
- Peter Brandt says BTC/USD poised for a new bull run
- D3 and Shiba Inu, Viction partner for Top Level Domains
- Members of Spain’s Congress Receive Crypto for Project
- Where to buy PSG: fan token surges 50% on Messi rumours
最新文章
Theta Network: The Streaming Token That Could Rival Netflix?
Morgan Stanley Backs Securitize’s $48M Raise
Zcash price in June 2021: Higher or Lower?
Alchemy Pay expands crypto payment options in Europe and the UK
Santander assesses its crypto exposure
Strict regulations will discourage investors: SEC Commissioner