Ripple or XRPUSD pair moves away from daily lows, but the overall sentiments remain in bearish trend. Here is the 30-31 March Ripple Technical Prediction.
30 March, AtoZForex – Ripple price trying to move above the US $0.50 after the dip towards Asian lows near $ 0.47 level. Also, the coin continuously losing its total market cap after the huge sell-off this week. The XRP now has a total market cap of around US $20 Billion. In the last 1 Week, the price has moved by $ -0.1 (-20.16%) with a total volume of over $ 330.59 Million. The highest price, $ 0.6776, was on Saturday, 24 March 2018. The lowest price, $ 0.4715, was on Friday, 30 March 2018. Will the Ripple or XRPUSD price sustain above the US$ 0.50 mark?
30-31 March Ripple Technical Prediction
Cryptocurrency market capitalization dipped below $260 Billion, which is the lowest level since November 2017 and three times smaller than at the beginning of the year. Again a three black crows candlestick pattern has emerged in the 1M timeframe which suggests that the market has been at a high price for too long, and investors are beginning to compensate for it.
The XRPUSD recovered strongly from the previous lows and is now trading at $ 0.50 at the time of writing. The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. According to Fibonacci retracement charts, the XRPUSD pair tried to cross 23.6% Fibo. retr. zone but failed to consolidate above $ 0.50 level. Thus, the continual bearish pressure could dip the XRPUSD pair towards its daily strong support zone & push the price below $ 0.45.
The relative strength index(14) value is below 50 in daily timeframe signals Sell.
The MACD (12,26) value is -0.087 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$ 0.47 level and resistance near US$ 0.55 level.
Ripple Daily Pivot points
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