Analysis Editor's Picks

Analysis of the rate of Ripple for 3 Dec

Course Ripple has formed a high around $0.4, and then began to pullback. Support the rising trend line was broken in the neighborhood of $0.36 on the hourly chart the pair XRP/USD. In the near future may be breakthrough support of $0.338 and $0.33.

The XRP exchange rate fell below $0.38, $0.375 and appeared in the short-term bearish zone. Later, it was broken the support of $0.365 and a simple moving average for 100 hours. The correction was so significant that he could not resist and the level of 61.8% Fibonacci of the last rise of $0.33-$0.40.

However, this problem has not ended. In the neighborhood of $0.36 was held on the breakthrough support of ascending trend line (hourly chart the pair XRP/USD). Now in the role of support is $0.346 (76.4% Fibonacci retracement of the last rise of $0.33-$0.40). Below this level the bears will test the strength of the support line of $0.338, and then $0.33.

Анализ курса Ripple за 3 декабря

In the near future the level of $0.365 and a simple moving average for 100 hours will provide a strong resistance. To exit the bullish zone bitcoin will need to overcome the aforementioned barriers and the level of $0.37.

Convergence/divergence (MACD) for the pair XRP/USD is in bearish zone. The relative strength index (RSI) fell below 40.

The main support level of $0.338, resistance — $0.37.

Related posts

Thailand finance ministry proposes increased crypto taxes

Afroz Ahmad

The European Union is studying two options for the use of the blockchain, one of them is a cryptocurrency


Finland: financial supervision takes the role of the controlling authority in the crypto-sector