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XRP Daily Analysis: Fight to $0.40

XRP as proven by Nouvive Intelligence is uncorrelated to Bitcoin; the current drop and search for definitive support to $3582 would make traders flood to XRP. On the 1D Chart, the next resistance/target is $0.40.

What do the charts say? 

Bullish

  • The MACD on the 1D Chart has flashed green – illustrating a buy signal. Coupled with RSI Stochastic in the neutral zone and volume on the buy side rising, it appears more than likely we can see $0.40 by end of day today.
  • There are several volume gaps in the $0.40 area, with that also being the resistance and mental resistance.
  • Accumulation bounced off the support line as illustrated in the chart, that matched with an unsteady Bitcoin and rising XRP market sentiment; $0.40 is on sight.
  • XRP fell to $0.371 during the early hours of today; this was to fill the volume gaps at this level but also as this is the 0.786 fibonnaci level – an area of cooling off following a pump as it waits to decide what to do next.

Bearish

  • A fall below $0.366 – unlikely would illustrate that XRP needs to find a definitive support, leading traders to look for $0.347; especially as there are volume gaps there.

Nouvive Says: XRP is uncorrelated to Bitcoin; a steady outlook for BTC to $3582 would see it decrease by 2.7%, whilst XRP seeks to break the resistance at $0.40 especially based on market sentiment and accumulation.

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ViFeed Indicators

Bitcoin (BTC)
$3665.79
49.00 RSI
-0.03%
Hold
XRP (XRP)
$0.33
38.00 RSI
-0.35%
Buy
Ethereum (ETH)
$121.61
41.00 RSI
-1.09%
Buy
Bitcoin Cash (BCH)
$128.19
49.00 RSI
-1.32%
Hold
EOS (EOS)
$2.47
40.00 RSI
-1.32%
Buy
Stellar (XLM)
$0.11
55.00 RSI
-0.91%
Hold
Tether (USDT)
$1.02
0.00 RSI
-0.26%
--
Litecoin (LTC)
$31.49
60.00 RSI
-0.40%
Hold
TRON (TRX)
$0.02
49.00 RSI
-3.06%
Hold
Bitcoin SV (BSV)
$76.23
46.00 RSI
-1.07%
Hold
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