The market of the cryptocurrencies has managed to survive a fierce attack of the bears this eve of the end of the week, with Bitcoin managing to overcome a fall of nearly 500 points in less than 24 hours and testing now resistance levels key to 10.2 k. The market grows in volume with more than 25 percent in the last 24 hours, as the domain of Bitcoin grows, and the total market capitalization of the cryptocurrencies increases in a +0,60%, with a bearish sentiment generally in the market with 54% of the cryptocurrencies in the top 100, shedding losses. Current data of the criptomercado By now, the token XRP to the company Ripple begins to contract trading at a spot price of $0,2938, this is a -1,84% in the last 24 hours after you have been spewing profits up double-digit a couple of days. Quote spot of XRP from Ripple To short-term, the picture of the token is not at all optimistic as we are currently seeing. In the chart 1H the pair XRP/USD and the possibility of going back to levels of strong support located at $0,2494 is feasible if the token fails to overcome above the key resistance that represents the Fibonacci levels @ 23.6 per cent, this is $0,2952. To achieve to break with a strong sailing to this level and stay above the $0,30010 (38,2% Fibonacci), then we could see the token XRP to think in the maximum target of up to $0,30799. However, the possibility of retreat below the lower limit of Fibonacci is a latent possibility that XRP should be overcome in the next closing. In this regard, the indicator Aroon points us to the time of correction of the prices of XRP, with its green sign directing to the fund, even if your partner shows no signs yet of waking up. Stochastic points to a strong negative slope, falling to levels of sale for the token XRP, the product of the pressure of bearish in the market. In line with the above, a large withdrawal of capital flow is occurring at this time in the token XRP, which is vital to keep above the line ‘0’ to prevent falling deeper in to your price. In the medium term, the token XRP to the time frame of 6 o’clock in the pair XRP/USD is on the contrary, quite upbeat, with a strong strategy in long that can represent profit of up to 15,43% to a maximum price of $0,033144, from a rebound generated in the support zone at $0,28556. The above behavior is confirmed in the graph K1 for the couple XRPUSD, with the Bollinger Bands indicating that the break through the upper band of the last two candles will be critical to hold XRP in the territory winner. The indicator Momentum after having been bullish, begins to vary slightly in its upper end, pending the next closing. As for the RSI, the pressure of selling current token decreased the pressure overbought and now the value is set to the ideal entry. The following two tabs change content below. Engineer and passionate about technology, Blockchain and the Bitcoin since 2009.
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