W07 – XRP course analysis and further uphill!

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ripple could rise this week on a euro. Although there was a slight consolidation thereafter, however, the upward trend was further preserved. Currently forms a plateau at approximately 0.90 euros, which is located at the altitude of the plateau by the end of January. 

Summary

• of ripple course has increased this week.
• After the rise of a euro dropped the price again to 0.73 euros and it tested the EMA50, could catch but then again.
• The most important support is 0.79 euro, the most important resistance at 0.96 euros.

The times, in which, the ripple rate was less than one euro, not really long lasted – on February 10, a course has been reached again for a short time of one euro. Although there was then a consolidation, but the decline which came about through the falls of the 2 February and 6 February, was paid anyway again. Accordingly, the course of EMA50 could (blue) and EMA100 (red) rise and leave the lingering since mid-January downtrend in favour of a new upward trend behind it. Currently fighting ripple with a resistance that is described by the plateau of the 1st and 2nd February. From the perspective of the indicators you can be but hopeful that this resistance is also included:

(second panel from the top) MACD is positive, as is the MACD line (blue) on the signal (orange).

(third panel from the top) RSI is 65 and is so bullish.

Overall, the situation in accordance with course and trend indicators is bullish so .

The most important support described by the minimum of 14 February and 0.79 euros. Thus, this support is located approximately at the level of the EMA100. This support should be breached, the next important support from the plateau iterated from 6 February to 9 February at 0.62 euros would be defined.

The most important resistance is currently defined by the maximum reached in the week and is located at 0.96 euros. Achieving this resistance confirmed the existing upward trend. A further resistance is defined by the maximum rate on January 28.

Disclaimer: The rate estimates shown on this site represent no buy or sell recommendations. You are only an estimate of the analysts.

BTC-ECHO

image based on data from bitstamp.net at 09:23 on February 15, 2018 created