XRP Price Analysis for June 9th – XRP Sitting in a Flat

By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, June 9th, the XRP is moving steadily inside a narrow flat. It is generally trading at 0.2031 USD. On D1, the technical picture of Ripple has not changed greatly. The pair keeps testing the lower border of the ascending channel, trading near 38.2% Fibo. At the current stage, this may mean that the pair is accumulating power for the development of the ascending dynamics. On the MACD, the Golden Cross is working off, and the histogram remains in the positive sector. These are the signals of further growth. The aim is currently

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XRP Price Analysis for May 22nd – XRP Has Little Strength For Restoring

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 22nd, the XRP is trying to restore after two days of sales but the impulse is not enough. The cryptocurrency is generally trading at 0.1968 USD. The technical picture of Ripple on D1 has not much changed since last week and is typical of the whole crypto market. The pair keeps testing the lower border of the ascending channel, trading under 38.1% Fibo. At the current stage, this might mean that the asset is gathering strength to go on developing the ascending dynamics. On the MACD, the Golden Cross is still

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XRP Price Analysis for May 15th – XRP Switches to Correction

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 15th, the XRP rate is correcting after the recent growth. The cryptocurrency is generally trading at 0.2023 USD. On D1, XRP/USD keeps forming an uptrend after a correction. Upon correcting from 50.0% Fibo, the quotations are trading near 38.2%. At the current stage, this may signify the end of the pullback and further growth. If the pair breaks away 50.0% Fibo, it has all chance to reach the next step at 61.8% inside the ascending channel. The MACD histogram is in the positive zone, and the signal lines have formed a

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XRP Price Analysis for May 8th – XRP Stuck in a Flat

XRP price analysisBy Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 8th, the XRP remains in a flat, slightly declining. It is generally trading at 0.2166 USD. On H4, XRP/USD is correcting the previous declining wave, moving in a mid-term ascending channel. The quotations rose to 50.0% Fibo but a divergence on the MACD proved the necessity of a short-term pullback. Now the quotations are moving in a local correctional “wedge” and declining to the support line and the level of 0.2085 USD. They might break it away; a Black Cross on the MACD is giving a reason for it. The aim

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XRP Price Analysis for April 21th – XRP Looks Ambiguous

XRP Price Analysis for April 21th - XRP Looks AmbiguousBy Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, April 21st, the XRP cryptocurrency looks dubious, slightly growing in price. It is generally trading at 0.1836 USD. On D1, the technical picture is typical for the whole crypto market. The price is consolidating between 38.2% и 23.6% Fibo, which may mean that the price may be accumulating momentum for further growth. On the MACD, there is a Golden Cross forming, and the histogram has reached positive values. These signals mean that the growth will continue soon, aiming at 50.0% Fibo and 0.2320 USD. On H4, the picture is similar. The asset

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XRP Price Analysis for April 10th- Massive Transaction Did Not Help XRP Grow

By Dmitriy Gurkovskiy, author at RoboForex Blog. On Friday, April 10th, the XRP price is declining. The cryptocurrency is generally trading at 0.1934 USD. On H4, the quotations remain inside an ascending channel. However, we must note that the ascending has reached 38.2% of the previous declining wave. and a divergence has formed on the MACD. These events taken together mean that a mid-term declining wave may begin, but this must be confirmed by a breakaway of the support line near 0.1865 USD. The primary aim of the decline will be 0.1600 USD and then the low of 0.1165 USD. On

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XRP Price Analysis for April 3rd – XRP Grows But Slowly

XRP Grows But SlowlyBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, April 3rd, the XRP keeps growing smoothly. It is generally trading at 0.1794 USD. On H4, XRP/USD keeps demonstrating the development of a correctional phase after a deep decline. The correctional trend is growing very slowly but steadily. The growth has reached 23.6% Fibo and keeps moving to 38.2% (0.2045 USD). The possibility of growth to 50.0% (0.2317 USD) looks virtually impossible. The MACD lines, aiming upwards, confirm further increase. The support is currently at 0.1677 USD. Its breakout will signal the end of the correction and the beginning of a

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XRP Price Analysis for March, 27th – XRP Has a Chance to Grow

XRP price analysisBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, March 27th, the XRP suggests further restoration. However, right now the market has put buying on a halt. The XRP is generally trading at 0.1735 USD. On H4, XRP/USD demonstrates quite a weak trend of correctional growth. The quotations have risen to 23.6% Fibo and now, trying to overcome the upper border of the preceding rectangular channel, are heading for 38.2% (0.2045 USD) and 50.0% (0.2317 USD). While the MACD lines are directed upwards, we may expect further growth. However, a breakout of the local support line and a Black Cross

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