XRP Turn Around: Price Bounces Back Signaling Upward Trend

XRP Turn Around: Price Bounces Back Signaling Upward Trend

XRP experienced a significant decline over the past week due to unprecedented market whirlwinds. However, the crypto asset has regained bullish momentum from this dip, signaling an upward trajectory. XRP Experiences Rebound After Plunge XRP daily chart has shown resiliency recently, pulling off a noteworthy rebound following a drop that unnerved traders and investors. The chart shows that the cryptocurrency is speedily recovering from its fall. The recent price movement indicates that XRP might be approaching the $0.70 mark. The token’s capacity to stay above the 50-day and 100-day....


Related News

Bitcoin Price Analysis: 4/29/2016

After a sharp drop, Bitcoin has reached a key point, from where the medium-term trend could continue. What is necessary for that continuation? Will the upward trend continue? The short-term downward trend was just a correction towards the upward trend. That’s why there was a rebound and the upward trend still has momentum. For the upward trend scenario to become as likely as possible, two things need to happen. First, Bitcoin’s price has to fortify at the level of $450 and form a turn. Second, the market has to avoid a downward scenario with a fortification and a turn at the level of $446.....

Ethereum (ETH) Price Trends: 5/06/2016

Ethereum’s price has formed an upward turnaround wave. Will there be a turn? Where will the upward trend be cancelled? There is a fortification at the level of $10, and a turnaround wave has been formed. In such conditions, the odds are lying with an upward turn. I.e. in case of a repeated break through the peak of the wave, the movemet is more likely to go along an upward trend, rather than a downward one. But another option is possible nevertheless. There is always a probability of a cancellation of a movement. That’s why the level protecting the upward trend is at $9.3. A new rebound....

Ethereum (ETH) Price Trends: 5/10/2016

A correction toward the upward Ethereum trend continues. How long will it last? The main trend is upward. Until Ethereum’s price fortifies at the protective level of $9 and forms a turn, the chances are that the upward trend will continue. A fortification and a turn at the level of $9 will indicate that there’s no support for the current upward movement, and, in that case, there will be a fall. However, at the level of $9.5 the structure of the downward movement can be disrupted. If Ethereum’s price fortifies and forms a turn at that mark, there will be a good probability of a continuation....

Ethereum (ETH) Price Trends: 5/03/2016

Ethereum’s price is fortifying at a long-term level. If this keeps up, the turn to growth will become more likely than ever. When will the short-term upward trend renew? Ethereum’s fortification at a long-term resistance line has indicated that the bulls are holding the advantage. The downward trend is broken and for the upward trend’s renewal to become very likely, a turnabout structure has to form. A fortification at the level of $10 will be the first signal of the flat ending. Thus, if a turn happens at $10, the odds will lie with the upward trend. For the upward trend to continue,....

Bitcoin Price Alalysis: 4/05/2016

The short-term upward trend is continuing. A major part of bitcoin price trend has already been worked out. Will there be a turn to decline? As was suggested earlier, the impossibility of a fortification at $417.5 has provoked a rebound towards the next resistance line and a turn to an upward trend. As long as the trend’s structure stays intact, the upward movement will continue to the next target. It’s important to note a key level where that rebound is most likely to turn to decline. This lies at the resistance of $417.5. A rebound off it has just confirmed the importance of that level.....