XRP establishing support at its 50-week EMA opens the door to $1.
On Feb. 13, XRP/USD reached as high as $0.916, above its 50-week exponential moving average around $0.833. The upside move, albeit not decisive, opened possibilities for further bullish momentum, mainly owing to a historical buying sentiment around the said wave.For instance, traders had successfully reclaimed the 50-week EMA as support in the week ending July 27, 2020, more than a year after flipping the wave as resistance.
The level, which sits around 25% above the current price levels, coincides with XRP's two key resistance targets. The first is theXRP/USD weekly price chart featuring upside target. Source: TradingView Still a lower high, the $1-level does not promise to take XRP out of its correction bias. Instead, it may bring opportunities for traders to secure their interim profits, thus exposing XRP to a pullback toward an imminent support target near $0.71, as per the Fibonacci retracement graph.Conversely, failure to obtain a decisive close above the 50-week EMA resistance could have XRP eye a pullback toward its 200-week EMA near $0.54.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canada Goose Projects C$1 Billion In 2022 And Advances As An All-Seasons Global BrandCanada Goose reports 26.5% year-over-year growth in third quarter 2022, yet it disappoints Wall Street. CEO Dani Reiss weighs in on its global post-pandemic progress building an all-seasons luxury brand.
Lire la suite »
Tom Brady’s Final Touchdown Pass Football Is Heading to Auction, and It Could Fetch $1 MillionThe TD football was tossed into the stands by Buccaneers receiver Mike Evans, and the lucky fan who caught is cashing in.
Lire la suite »
Drake Betting Over $1 Million On Rams & Odell Beckham Jr. In Super Bowl LVIDrake revealed he's betting more than $1 MILLION on the Rams vs. Bengals Super Bowl.
Lire la suite »
Americans Lost $1 Billion To Romance Scammers Last Year, FBI SaysAs Valentine’s Day grows near, federal authorities are warning lovesick Americans to watch out for sketchy requests for cryptocurrency by romance scammers.
Lire la suite »
Pelé Rookie Card Becomes Soccer's First to Sell for Over $1 MillionIt became the first soccer card to break the $1 million barrier.
Lire la suite »
Canadian 'Freedom Convoy': TD Bank freezes accounts with $1.1M for trucker protestToronto-Dominion Bank froze two personal bank accounts to support ‘Freedom Convoy' protesters in Canada who are pushing back against vaccine mandates and other COVID-19 procedures.
Lire la suite »