XRP/USD Daily Chart Technical Analysis
Forecast
Ripple is on the move and poised to test target resistance
Analysis
XRP is on the move and poised to test higher prices. The crypto pair broke out above trend line resistance and then formed a bull flag continuation pattern which is a pause that refreshes higher. Prices are now testing the April highs and a break of the 0.92 level would lead to a test of the 1.1038 March highs. Support is seen near the 10-day moving average at 0.7958. Momentum is positive as the MACD (moving average convergence divergence) histogram generated a crossover buy signal. The fast stochastic also generated a crossover buy signal, but the current reading of 95, is well above the overbought trigger level which could foreshadow a correction.
Up-side Target: 1.1038
Down-side Target: 0.7958
XMR/USD Daily Chart Technical Analysis
Forecast
XMR prices are on the move higher and poised to test trend line resistance.
XMR prices are also breaking out and poised to test trend line resistance. A break of a downward sloping trend line is seen near 304.75. Support is seen near the 10-day moving average at 243. Momentum is positive as reflected by the MACD histogram which is printing in the black with an upward sloping trajectory. The fast stochastic has surged higher reflecting accelerating positive momentum, but the current reading of 99, is well above the overbought trigger level of 80 and could foreshadow a correction.
Up-side Target: 304.75
Down-side Target: 243.00
ETH/USD Daily Chart Technical Analysis
Forecast
Ethereum prices are breaking out and test a key Fibonacci retracement line.
ETH/USD prices are breaking out and are currently testing resistance which is a 38.2% Fibonacci retracement that comes in near 688. Support is seen near the 10-day moving average at 588. Momentum is positive as the MACD (moving average convergence divergence) histogram prints in the black with an upward sloping trajectory which points to higher prices. The fast stochastic is also surging but printing a reading of 99 above the overbought trigger level of 80 which could foreshadow a correction.
Up-side Target: 898
Down-side Target: 588
