By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
On Friday, March 27th, the XRP suggests further restoration. However, right now the market has put buying on a halt. The XRP is generally trading at 0.1735 USD.
On H4, XRP/USD demonstrates quite a weak trend of correctional growth. The quotations have risen to 23.6% Fibo and now, trying to overcome the upper border of the preceding rectangular channel, are heading for 38.2% (0.2045 USD) and 50.0% (0.2317 USD). While the MACD lines are directed upwards, we may expect further growth. However, a breakout of the local support line and a Black Cross on the indicator will signal the end of the correctional phase.
On H1, the ascending channel looks quite stable. Meanwhile, a divergence on the Stochastic may warn of the soon reversal of the short-term trend. After a Black Cross, an impulse of a decline to the support line at 0.1585 USD may form. A breakout of this level, in its turn, will let the quotations proceed to the last significant low of 0.1165 USD.
While the world capital markets are storming, frauds are alert. In the YouTube network, a channel was found under the name of Brad Garlinghouse, the head of Ripple, containing his real interview. Then miracles begin: under the video, there is a description, in which users are offered 20 thousand to 5 million coins in exchange for their own XRP sent to a certain address. The twit became unavailable very soon, however, there are its copies on the Net. The video has been watched about 80,000 ..
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