$XRP Price Outlook Jan10: Bullish

@KittyBitcoin logo
January 10 2019 02:34 UTC

 

Ripple has gained 3.25% or 0.01181 USDT in twenty-four hours. In this Thursday Edition find $XRP price action, trend, technicals and more. Or jump right to the Ripple $XRP Price Outlook.

 

Price Action

The price of $XRP has risen over twenty-four hours. The last price at press time is .37483 USDT. In Binance light volume trading the daily change is 3.25%, or 0.01181 USDT:
$XRP Price Change
period % USDT
24 hours 3.25 0.01181
7 days 6.32 0.02228
1 month 25.15 0.07533

Trend

trend is UP

The Ripple monthly trend is up. $XRP saw a low of .28050 on December 14 2018 and with a few bumps has powered up to today’s last price of $00.37483.

[Trend is "up" when the monthly price movement is predominantly upwards.]

Real Time Market Depth

The real time market depth is bullish.

 

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Chart

Tap / click to zoom:

xrp-usdt-binance-six-hour-candles-2019-10-09

 

Remarks

Meet The Ripple Drop, a new web video series from inside Ripple. It will run every first and third Monday of the month and cover the latest news about Ripple’s customers, technology, products and culture. In each episode we’ll talk to some familiar faces at the company to give you the inside scoop on these critical topics.

The Ripple Drop – Episode 1 https://youtu.be/YqlFr-du5QQ via @YouTube

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the six hour chart is bullish. $XRP is looking bullish through all of the hourly charts, and is looking strongly bullish in the shorter term charts.

[MACD is a trend-following momentum indicator]

 

Exponential Moving Averages (EMA)

period average
7 day .35942
25 day .34119
99 day .34482

A steep upwards divergence on the hourly chart is strongly bullish.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

 

Relative Strength Index (RSI)

The Relative Strength Index on the one day chart is 55.4. This is a neutral state.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

 

Bitcoin $BTC Price Modifier

The 24 hour Bitcoin $BTC change is -.26%. This may exert a neutral influence on Ripple today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

 

Ripple $XRP Price Outlook

bullish

  • the Ripple $XRP price outlook is bullish
  • if the price finds acceptance at higher levels the major resistance prints at .450 (Dec 23)
  • if the price finds acceptance at lower levels the major support prints at .28050 (Dec 14)
Resistance levels: .450 (Dec 23) .40

Support levels: .28050 (Dec 14) .33

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis time period.

 

Independent Comparison

Comparing our outlook with independent, automated results from Investing.com shows:

Asset: Ripple $XRP
Time Period: Daily
Summary: strong buy
Moving Averages: buy
Technical Indicators: strong buy

 

Disclosure

The author holds Ripple $XRP at the time of writing.

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