Category: Market Analysis

XRP Price Analysis for February, 14th – XRP Needs Correction

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 14th, the XRP is correcting after the previous robust growth, generally trading at $0.3160. On H4, the growth has sped up for a short while by breaking out the resistance line and reaching the projection resistance line. It should be especially noted that the ascending dynamics have corrected the previous downtrend at 50.0% Fibo. Presently, there is a divergence forming …
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XRP Price Analysis for January, 21th – XRP Stabilized

After two days of declining, the XRP stabilized, and on Tuesday it is trading at $0.2364. On D1, the XRP/USD quotations remain inside the long-term bearish channel. However, after a convergence on the MACD, the resistance line of the mid-term channel was broken out. This situation means the development of a mid-term correctional phase which may turn into a full-scale reversal of the current trend. At the moment, the correction …
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Ripple’s XRP Price Analysis for January, 10th – XRP Remains Under Bearish Control

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, January 10th, the XRP is still selling, generally trading at $0.2014. On D1, the XRP demonstrates the bearish predominance inside the previous channel. The declining direction of the MACD supports further decline. A breakout of the low of $0.1741 can open the way to the psychological level of $0.1000. Also, in this area, we can see the impulse of the correctional …
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Bitcoin Price Analysis for December, 27th – BTC Slightly Declining at the End of the Year

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 27th, the activity shrunk to a minimum. The leading cryptocurrency is trading at $7181.00 and declining slightly. Judging by the dynamics on D1, market participants are aimed at 76.0% ($5700.00) but stopped yet near 61.8% Fibo. At the decline, there is a convergence on the MACD, which may signal a pullback but only after the target level is reached. As …
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