By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 25th, the XRP continues its correctional decline, trading at $0.2681. On D1, the wave of growth, having reached 50.0% Fibo, has changed to a decline. Currently, we may say that the quotations are coming back to test the broken long-term resistance line from above. The aim of the decline is the area around $0.2525. Also, we must account for the ascending of the MACD lines that demonstrate the potential continuation of the ascending dynamics after the completion of the pullback. The main goal of the impulse of growth will be
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Tuesday, February 18th, the XRP rate has stabilized after a series of declining. The cryptocurrency is generally trading at $0.2915. On H4, the quotations remain in the ascending channel. They have tested the support level of the channel, hinting on an attempt to form another impulse of growth to the mid-term target level 61.8% ($0.3795) Fibo. However, it should be noted that earlier, the quotations reached the correctional level of 50.0%, pushed off it, and started quite a confident decline. So, it is highly probable that the test of the support level 
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 14th, the XRP is correcting after the previous robust growth, generally trading at $0.3160. On H4, the growth has sped up for a short while by breaking out the resistance line and reaching the projection resistance line. It should be especially noted that the ascending dynamics have corrected the previous downtrend at 50.0% Fibo. Presently, there is a divergence forming on the MACD which means a pullback is coming. The aim of the pullback may be 38.2% ($0.3010). After the pullback, the next impulse of growth will be aimed at 
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 7th, XRP is slightly correcting after skyrocketing earlier. The instrument is mostly trading at 0.2814 USD. From the technical point of view, the H4 chart of XRP/USD shows a stable uptrend. The interesting thing right now is that after testing the long-term resistance level, the pair is trying to fix above it. In the short-term, the price is expected to correct towards 0.2530, which is confirmed by the red color of the MACD histogram. After completing the pullback, XRP may resume the ascending tendency towards 38.2% and 50.0% at 0.3012 
After two days of declining, the XRP stabilized, and on Tuesday it is trading at $0.2364. On D1, the XRP/USD quotations remain inside the long-term bearish channel. However, after a convergence on the MACD, the resistance line of the mid-term channel was broken out. This situation means the development of a mid-term correctional phase which may turn into a full-scale reversal of the current trend. At the moment, the correction has reached 23.6% Fibo related to the previous impulse of declining, but later the quotations may rise to 38.2% ($0.3012) and 50.0% ($0.3405). Looking at the chart, you can notice 
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, January 10th, the XRP is still selling, generally trading at $0.2014. On D1, the XRP demonstrates the bearish predominance inside the previous channel. The declining direction of the MACD supports further decline. A breakout of the low of $0.1741 can open the way to the psychological level of $0.1000. Also, in this area, we can see the impulse of the correctional growth almost reaches 38.2% ($0.2277) Fibo but currently there is a local pullback. Then we should expect another wave of growth to 50.0% ($0.2444) but the main goal of the 
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, December 24th, the XRP stopped falling. It is generally trading around $0.19. On D1, XRP/USD keeps developing a downtrend after the renewal of the previous minimum. The main goal of the current movement is the psychologically important level of $0.1000. Convergence on the MACD signals a slow-down of the decline. It is too early to speak about a reversal yet, the change of the trend will be signaled by a breakaway of the resistance level near $0.2400. On H4, after overcoming $0.2002, the quotations are trying to secure below, testing the 
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, November 22nd, the XRP keeps declining, trading at the minimum since September 30th — $0.2395. On H4, XRP/USD demonstrates the development of a downtrend after a test of the long-term resistance level. The aim of the current trend is the fractal minimum of $0.2100. We should especially note the dynamics of the MACD which is forming a convergence. In our case, it signifies a slow-down of the trend and a decline to the target level. Speaking about a pullback, it should be signaled by a breakout of the resistance line, which