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  Ripple (XRP) – Course Analysis KW10 – Short Pump by Coinbase rumor | Bit Updates
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Ripple (XRP) – Course Analysis KW10 – Short Pump by Coinbase rumor

Thursday, March 8th, 2018 | bitcoin updates

Read article: Thanks to the rumors about a listing ripples on Coinbase a short pump could raise the price to 0.88 Euro above the exponential moving averages EMA50 and EMA100. Unfortunately, the ripple course could not keep up these levels and has now fallen below the previous price level. The ripple price has dropped this week. The rumors surrounding Ripple's listing on Coinbase have dramatically increased the price in the near term, but Coinbase's denial led to a price crash. The most important support is 0.62 Euro, the most important resistance If I wanted to write a book about the price development since March 1, would the title "Ripple – or there and back again": After rumors of a listing of XRP on Coinbase the course is on Monday, the March 5, increased dramatically – only to fall dramatically after a denial by Coinbase. In the meantime, the price has even fallen below last week's price levels, well below the exponential moving averages EMA50, EMA100 and EMA840. The MACD (second panel from the top) is negative, as is the MACD line (blue) below the Signal (orange). The RSI (third panel from the top) is 43 and therefore bearish. Overall, therefore, the situation is clearly bearish according to price, trend and indicators. The most important support will be through from 6th to 9th February Plateau at 0.62 euros described. If this support can not keep, would be another important support at the level of the monthly minimum at 0.45 euros. The main resistance is 0.78 euros. Achieving this resistance would lift the price above the two exponential moving averages EMA50, EMA100 and EMA840. Another resistance is defined by the maximum of 5 March at 0.88 euros.Disclaimer: The price estimates shown on this page are not buying or selling recommendations. They are merely an assessment of the analyst.BTC ECHOBild based on data created by bitstamp.net at 10:52 am on March 8, 2018. For a deeper understanding of the terms of a price analysis, please refer to this link. About Dr. Philipp GieseDr. Philipp Giese works as an analyst for BTC-ECHO and specializes in chart analysis and technology. In addition, he is actively involved in the crypto community – both online as a central contact person in the slack channel of BTC-ECHO and offline as a speaker and interviewer, he always maintains an exchange with startups, developers and visionaries. The PhD physicist can draw on many years of professional experience as a project manager and technology consultant. For many years, Philipp has not only been enthusiastic about the technological dimension of cryptocurrencies, but also for the underlying socio-economic vision. Philipp Giese


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