The Ripple price is facing a major hurdle near the US $0.49 level, still facing a bearish pull. Here is the 02-04 April Ripple Technical Prediction.
02 April, AtoZForex – Losing the market cap by US$ 70 Billion in the past three months, Ripple or XRPUSD pair is now trading below US$ 0.50 level. In the last 1 Week, the price has moved by $ -0.1 (-16.63%) with a total volume of over US$ 315.71 Million. The highest price, $ 0.6071, was on Tuesday, 27 March 2018. The lowest price, $ 0.4552, was on Sunday, 01 April 2018. Will the Ripple price break below US$ 0.42 level in the coming day?
02-04 April Ripple Technical Prediction
The engulfing Bearish and Evening Doji star bearish candlestick pattern has completed in the 5H timeframe. Thus, during an uptrend, the market builds strength on a long white candlestick. The second candlestick trades within a small range and closes at or near its open. This scenario shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the third black candlestick. The Evening Doji Star indicator is the fully realized bearish Doji Star pattern.
According to Fibonacci retracement charts, the XRPUSD pair is trading below the 23.6% Fibo retr. level and a bearish pull might be likely to continue in near term. Also, the price struggled to cross the crucial level near the $ 0.50 mark. Thus, the US$ 0.50 level resistance is the next barrier for buyers. A push above the resistance zone might open doors for the bullish reversal.
If the price failed to sustain the daily support level near US$ 0.45 level, then a downward move towards US$ 0.40- 0.42 might be seen in coming days.
The relative strength index(14) value is below 50 in daily timeframe signals Sell.
The MACD (12,26) value is -0.095 gives Selling signal in daily charts.
Moreover, according to ATR(14), the XRPUSD pair is Less volatile.
The Ripple has significant daily support near US$ 0.45 level and resistance near US$ 0.50 level.
Ripple Daily Pivot points
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