Analysis

XRP Expected to be Back at 2.30 USD in the Next Hours

According to our analysts, looking at the chart, the price of XRP should reach 2.20 – 2.27 USD in the next few hours. The sudden v-path of the last two days has been positive for the revival of the cryptocurrency, and looking at the chart should push the price up to get back around 2.20 USD. This trend inversion is expected today by our experts, but it is not impossible to hypothesize that the surge will arrive even a few days later.

 

Other analysts think that XRP price may start to see a little bit of a pull back before it can keep moving back up again.

According to bymarkets.com “The conservative sales area for Ripple is near the upper boundary of the Bollinger Bands indicator bands at 2.1000. Canceling the continuation of the fall of the pair XRP/USD will be a breakdown of the upper range of the Bollinger Bands indicator bars, as well as a moving average with a period of 55 and the closing of quotations of the pair above the area of ​​2.3060, which indicates a change in the trend in favor of the bullish for Ripple. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.”

We just have to see how the price of XRP will move today, to then understand what to expect from the weekend and especially from Monday, when most traders will be back to invest. We remain convinced that the price will stabilize around 2.20 USD by today.

Remember: we are not financial advisors, if you decide to invest, do it at your own risk and do your personal researches!

 

 

Ripple News tech - the leading media related to Ripple (XRP) and blockchain technology

Copyright © 2018 Ripple News Tech

To Top