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Price Analysis

Ripple [XRP] Price Prediction, Technical Analysis – October 19th

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6 years ago

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Ripple Price Prediction and Technical Analysis
Source: Ripple

Ripple XRP has shown many high and low last week. The 3rd largest cryptocurrency by market capitalization is currently trading at $0.451744 USD (-3.98%). At the time of writing this post, the market capitalization of Ripple XRP is $18,068,701,723 USD.

Yesterday Ripple [XRP] becomes an official partner of the Bill and Melinda Gates Foundation. The collaboration will help the foundation provide easier, secure and instant payments to the poorer parts of the world.

This brings laurels under Ripple’s hood, as it makes a significant mark in the industry. Ripple is not leaving any stone unturned to make a difference in the world.

Ripple Price Analysis

Today Ripple XRP is trading below daily Exponential Moving Average (10) which is 0.46308 which is creating a sell signal. It is also below EMA (10) and SMA (10).

While looking at the other moving averages, the Ichimoku Cloud Base Line (9, 26, 52, 26) is in the neutral zone. Also, the Volume Weighted Moving Average (20) and the Hull Moving Average (9) both are creating a selling pressure.

Ripple price prediction and technical analysis 19th October 2018

Data as per Binance

The above analysis was based on the daily moving averages of Ripple XRP and now let’s have a look at the Oscillators.

While looking at the oscillators the daily Relative Strength Index (14) is in the neutral zone with a value of 50.19408. The MACD Level (12, 27) is 0.00279 is in the sell zone. If we look at the Bull Bear Power it is 0.00050 and is in the buy zone.

Ripple XRP technical analysis as per moving averages and Oscillators October 19th 1 day price forecast

Data as per TradingView

The daily Average Directional Index (14) is 22.83383 which is in neutral zone. After looking at all the oscillators the final indication is towards a sell signal.

Conclusion

Looking at the charts, moving averages and oscillators of Ripple it can be concluded that XRP is going to support at $0.44. However, there are chances that the price of XRP will go up to $0.47.

This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.