The price of the Ripple reports an increase of 6.06%, raising the price above $ 0.85 cents.
- The price of the XRP formed support near the level of $ 0.7500 and recovered recently against the US dollar.
- There was a break above a decreasing channel with a resistance of $ 0.8000 on the hourly chart of the XRP / USD pair.
- The pair should clear the simple moving average of 100 hours and the resistance of $ 0.8600 to gain traction.
The price of the XRP is recovering with a bullish angle against the US dollar and Bitcoin. XRP / USD needs to settle above $ 0.8600 to expand profits in the short term.
Resistance of the XRP
After a significant drop, Ripple’s price formed a support base close to the $ 0.7500 level against the US dollar. The price started a bullish wave and rebounded above the resistance of $ 0.7800. The recovery was positive as the price moved above the Fibonacci retracement level of 23.6% from the last fall from the maximum swing of $ 0.9640 to the minimum of $ 0.7500. It turned on more upsides and the price moved above $ 0.8200.
During the bullish movement, there was a break above a declining channel with a resistance of $ 0.8000 on the hourly chart of the XRP / USD pair. Therefore, it seems that the recent break above $ 0.8080 and $ 0.8200 is positive above $ 0.8080 and $ 0.8200. At the moment, the price is struggling to break a previous support at $ 0.8500. In addition, the 100-hour SMA is positioned close to $ 0.8550. Finally, the Fibonacci retracement level of 50% of the last fall from the oscillation minimum of $ 0.9640 to $ 0.7500 oscillation minimum is close to $ 0.8600 to avoid the increases.
En cuanto a la tabla, el precio debe compensar el SMA de $ 0.8500, 100 por hora y $ 0.8600 para seguir ganando. Un cierre exitoso por encima de la resistencia de $ 0,8600 puede abrir las puertas para un empuje hacia $ 0,8900. En el lado negativo, admite el área t $ 0.8200 y $ 0.8080.
- MACD por hora: el MACD para XRP / USD se encuentra ligeramente en la zona alcista.
- Cada hora RSI (índice de fuerza relativa): el RSI para XRP / USD actualmente está justo por encima del nivel 50.
- Nivel de soporte principal: $ 0,8080
- Nivel de resistencia mayor – $ 0.8600
Technical analysis of the Ethereum price Friday, April 27, 2018
The Ethereum reports a positive increase in Friday’s day, increasing by 7.43%, raising the price above $ 680.
- The ETH price did a good bullish move and broke the resistance of $ 648 against the US dollar.
- There was a break above a consolidation triangle pattern at $ 632 on the ETH / USD hourly chart.
- The pair currently trades above $ 648 and the simple moving average of 100 hours, indicating a bullish bias.
The Ethereum price recovered positively against the US dollar and Bitcoin. ETH / USD must break the resistance of $ 666 to extend profits in the short term.
Ethereum price support
After a decline to $ 595, the ETH price started trading at a range around the $ 615 level against the US dollar. It formed a base of around $ 615 and then started a bullish wave. The price moved higher and broke the Fibonacci retracement level of 23.6% of the last move to the downside, from the low of $ 710 to the low of $ 595. The path was cleared for more gains and the price moved above $ 630.
The most crucial break was above a consolidation triangle pattern at $ 632 on the ETH / USD hourly chart. The pair gained traction and moved above the resistance of $ 648 and the simple moving average of 100 hours. A close above $ 648 is a positive sign and indicates that the price is again in a bullish zone. For now, the price is struggling to break the Fibonacci retracement level of 61.8% of the last downward move from the maximum of $ 710 to the minimum of $ 595 to $ 666. A break above the established level is needed. of $ 666 to obtain more advantages in the short term. Above $ 666, the price can go towards $ 685-690.
If we look at the graph, if the price is corrected downwards from the current levels, the resistance broken at $ 648 can act as support. In addition, the 100-hour SMA for $ 640 is also a decent support. The general bias is positive above the support of $ 640.
- MACD per hour: the MACD moves slowly in the bullish zone.
- RSI per hour: the RSI is now well below level 60.
- Main support level: $ 640
- Highest resistance level – $ 666