XRP Daily Price Analysis
- Based on Positive News, XRP is showing Bullish Momentum
- The 1D Chart is illustrating that a break-out is imminent within the next following weeks.
- $0.45 is illustrating as a strong support.
Breaking. For Immediate Release and Trade
What does the Long-term Trade Analysis say?
- Based on Positive news by the DFSNY that Coinbase Trust will be added XRP to their Custodial Solutions – Many including Nouvive believe that XRP will be added to Coinbase as soon as this thursday.
- On-Balance Volumes have increased since September 17th where there has been heavy accumulation evident.
- 55Moving Average on the 1D is illustrating that it is acting as a resistance – it is doubted that XRP will go below it.
- 90MA on the 1D is illustrating that it is acting as a resistance – it is also doubted that XRP will go below it.
- Volume on the higher time frames is trending low – illustrating a move will be occurring soon.
- This Positive Price action could see XRP go to $0.62.
What does the Short-term Trade Analysis say?
- Short-term we could see XRP go as high as $0.52 which was the recent All Time High over the past 14 Days.
- The 200MA is currently acting as a support.
- On the 4H, the moving averages are all about to cross-over – illustrating that a breakout to $0.525 will be occuring soon.
- A closer-look shows that $0.50-525 there are a lot of buy side supply.
Nouvive awards XRP an intra-day BUY award based on the Positive Price action that has presented itself.
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