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XRP/USD Technical Analysis: Breakout of the prices to the upside is imminent


XRP has moved down to the third spot while Ethereum [ETH] has taken up its second spot in terms of market cap. The price of XRP at the time of writing was $0.3138 and the market cap of XRP was $12.69 billion.

The 24-hour trading volume of XRP was at $513 million while most of the trading volume is coming from ZB.COM exchange via XRP/BTC trade pair. ZB.COM contributes a total of 9.19% of the total trading volume.

1-hour

The one-hour chart for XRP shows an uptrend that extends from $0.2952 to $0.3043, while the downtrend ranges from $0.3390 to $0.3160. The support at $0.29288 has not been tested ever since the spike on February 8, 2019. The resistance point at $0.3038 is now a support as the prices have successfully breached. The subsequent resistance at $0.3160 was tested on February 13, 2019, at 05:00 UTC.

The Parabolic SAR markers are indicating a bullish trend as the markers have formed below the price candles. It could be a possible reversal in a short-term…



Read Full Story : AMBCrypto

2019-02-13 17:00:44

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