AND XRP EXPLODES | 20%+ up Today & 53% from last week

Binance adds XRP quote Pairs

 

Coinbase Crypto-to-Crypto opening doors to millions in crypto trading 

Coinbase has officially enabled crypto-to-crypto trading on the platform. So far, trading pairs are available between Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.

XRP Price Analysis

While we have XRp right now jumping to 0.00010676 BTC, this past week, there was a nice upward move above the $0.3500 resistance in ripple price against the US Dollar. The XRP/USD pair even broke the $0.3820 resistance, but it struggled to clear the $0.3950 and $0.4000 resistances. Later, it corrected lower, but the $0.3450-0.3500 area acted as a strong support. It bounced back and traded back above $0.3650 plus the 100 hourly simple moving average.  Moreover, there was a break above a major bearish trend line with resistance at $0.3650 on the hourly chart of the XRP/USD pair. The pair traded as high as $0.3943 recently and it is currently consolidating. An initial support is near $0.3800 and the 23.6% Fib retracement level of the recent wave from the $0.3478 low to $0.3943 high. However, the key support is positioned around the $0.3700 level. Besides, there is a bullish trend line with support at $0.3680 on the same chart. The 50% Fib retracement level of the recent wave from the $0.3478 low to $0.3943 high is also near $0.370. Therefore, dips towards the $0.3700 level are likely to find a strong support. newsbtc

 

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Mohsen Daemi
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