Crypto NewsRipple (XRP)

XRP is aiming for an end to the consolidation, some bullish signals are flashing

                                                            In den letzten Tagen hat sich XRP innerhalb einer engen Spanne konsolidiert, aber schließlich gibt es einige erste Anzeichen dafür, dass ein Ausbruch aus der Spanne bevorsteht.

Major support levels: $ 0.75, $ 0.70

Key Resistance Level: $ 0.89, 1

The price of XRP recently held its trading range between the USD 0.75 support line and the resistance at $ 0.89 at. This has allowed price action to settle and firm up, giving buyers more confidence in a possible bullish reversal after months of bearish price action.
Chart according to TradingView

This is what awaits you in this article

Technical indicators

Trading Volume: The volume has remained constant and has decreased at the beginning of the weekend (typical for weekends). If XRP attempts to break out of the current consolidation range, it will likely do so in the coming days of the week.

RSI: The daily RSI makes higher lows and higher highs. That could to signal a reversal in a downtrend lasting several months.

MACD: The daily MACD made a bullish crossover last week and momentum has only increased since then, with the MACD histogram making higher highs. This is also bullish for XRP.
XRP is aiming for an end to the consolidation, some bullish signals are flashing, Crypto Trading NewsChart according to TradingView

Bias

The current XRP bias is neutral. Once a breakout occurs, it will change that trend and determine the next direction for XRP.

Short term forecast for the XRP price

XRP seems closer to deciding its next direction and the chances of a bullish breakout are higher. However, that likely depends on the overall dynamics of the crypto markets, which have been declining lately.

If this momentum is sustained early next week and volume rises, we could see an attempt to break the current resistance at USD 0.89 (top of range). Until a clean break occurs, the XRP price action continues under consolidation.

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Source: Crypto News Deutsch

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