Ripple price analysis Ripple surges past $0.70

in #bitcoin6 years ago (edited)

image
There is a key bullish line forming with strong support at $0.67 on trading pairs XRP/ USD currently, correcting lower towards the $0.67and $0.68 support levels gaining upside momentum against Bitcoin and US dollar. Ripple last price support formed at $0.63 against USD once the price started an upside movement breaking many hurdles on the way up such as $0.65 and $0.68 and even succeeded breaking $0.70 barrier reaching as high as $.7039, later sellers appeared and the price started downside correcting below $0.70 level. Let's take a look at a chart
image
Datasource from https://www.newsbtc.com/2018/06/04/ripple-price-analysis-xrp-usd-surges-past-0-70/
Looking at the chart the price corrected in a few points however any major decline below $0.68 level could be limited, on the upside a close above $0.70 barrier may perhaps clear a path for run to $0.72.
Hourly relative strength index for XRP/USD is currently above 60 level. Showing major support level at $0.67 and and resistance level at $0.70.
Thanks for checking out my post and Steem On!
image

Sort:  

Congratulations @cryptosteem777! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!