| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact

FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision

FxWirePro- Major Crypto levels and bias summary

United Stables Launches $U: The AI-Ready Stablecoin Unifying Fragmented Liquidity on Ethereum and BNB Chain

UK Crypto Ownership Drops to 8%: Maturing Market Shifts to Bigger BTC/ETH Bets

ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout

FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish

FxWirePro: EUR/NZD steadies ahead of ECB meeting

Grayscale's Bold Call: Bitcoin to Smash All-Time Highs in First Half 2026

ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?

FxWirePro- Top trending Coins (CoinGecko)

USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865

FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

China's Xinjiang Crackdown: 400K Rigs Offline, Bitcoin Hashrate Plunges 8-10%

Senate Kicks Crypto Regulation Can to 2026: Uncertainty Lingers

FxWirePro- Major European Indices

FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

©Econometrics LLC . All Rights Reserved.

Crypto Technicals: XRP spikes over 25% to break above $0.40 mark, close above 200-DMA opens up further upside

Tuesday, May 14, 2019 9:25 AM UTC

XRP/USD chart - Trading View

Exchange - Kraken

Support: 0.3437 (200-DMA); Resistance: 0.4520 (Dec 24 high)

Technical Analysis: Bias Bullish

- XRP/USD spikes over 25% to hit 2019 highs above 0.40 mark, bias bullish

- The pair has pared some gains and was trading at 0.38 at 0920 GMT

- The rise may be attributed to Bakkt’s announcement to launch Bitcoin [BTC] futures

- Also, king coin's stellar rise boosts crypto-ecosystem in general, sentiment turns positive

- XRP/USD has shown a breakout above 200-DMA and with supporting shift in technical bias to bullish, we scope for further gains

- Close above 200-DMA opens up further upside in the pair. Next bull target 0.4520 (Dec 24th 2018 high)

- Failure to close above 200-DMA could see extension of sideways movement

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

FxWirePro- Major Crypto levels and bias summary

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Crypto Technicals: XRP spikes over 25% to break above $0.40 mark, close above 200-DMA opens up further upside

Editor's Picks

Welcome to EconoTimes