Crypto NewsRipple (XRP)

XRP fails at $ 1, but comes another try?

                                                            <strong>Wichtige Unterstützungsstufen: 0,89 $</strong>

Key Resistance Level: $ 1

Buyers were excited when they found the XRPRally, and last Thursday there was a short-lived attempt to move the price above $ 1. One day later it fell Cryptocurrency however by 10% and is now back just above the support level at USD 0.89.

That first attempt to move higher failed, but shows that interest in XRP is returning and another attempt later may be successful.
Chart according to TradingView

This is what awaits you in this article

Technical indicators

Trading Volume: Volume was good during last week’s rally. It has declined significantly since then, putting XRP into a low-volatility consolidation.

RSI: The daily RSI is 52 points at the time of this post. As long as the bulls can keep it above 50 points, the bias for XRP remains bullish and buyers can try to break the key resistance again later.

MACD: The daily MACD is bullish but the histogram hits lower highs at $ 1 after being rejected. This is not a concern as long as the moving averages do not create a bearish crossover. This seems unlikely at the moment, and XRP can bounce back from this recent drop in prices.
XRP fails at $ 1, but comes another try?, Crypto Trading NewsChart according to TradingView


The current XRP bias is bullish. As long as the price is above the $ 0.89 support level, XRP has a good chance of going further up.

Short term forecast for the XRP price

XRP is currently consolidating below the $ 1 resistance level. It was unlikely that a first attempt to break through it would be successful, as this level also presents an important psychological barrier.


Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button