ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

XRP Daily Price Forecast – March 7

Share On Facebook
share on Linkedin
Print

XRPUSD Medium-term Trend: Bearish

©

 
• Resistance Levels: $0.56, $0.58, $ 0.60
• Support Levels: $0.30, $0.28, $0.26

 
XRP’s price has been range-bound between the $0.28 and $0.34 levels. On January 10, the bears broke the support on the lower end, and today the support has turned into a resistance, unbroken since January 10.

 
On January 29, the crypto’s price fell to its low of $0.28. This level also remained intact since January 10. Therefore, the crypto’s price now ranges between $0.28 and $0.34. XRP’s resistance level is likely to be broken by a price breakout. Similarly, its support level is likely to be broken by a price breakdown.

 
Meanwhile, the Stochastic indicator is out of the overbought region but above 20 which indicates that the XRP price is in bullish momentum and is a buy signal.

 

 
XRPUSD Short-term Trend: Bearish

 
Yesterday, March 6, XRP was in a bullish trend. A trend line was drawn to determine the duration of the bullish trend. Yesterday, a Doji candlestick broke the trend, as it appeared on the opposite side of the line.

 
Today, the crypto’s price is falling as it resumes its downward trend. Meanwhile, the Stochastic indicator is out of the overbought region but below 80, which indicates that XRP is in bearish momentum and is a sell signal.

 

 

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

SOURCE: https://www.cryptoglobe.com/markets/price-analysis

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com