XRP Price Surge Cools Off: Is the Uptrend Still Intact?
The price of XRP rose significantly higher than $ 2.850. At present, the price is correcting the income and shows a positive sign of higher than $ 3.00.
- The price of XRP began a downward correction from a $ 3.220 area.
- At present, the price of the price is higher than $ 3.00, while the 100 -hour simple moving average.
- On the hourly chart of the XRP/USD’s (KRAKEN data source), the support of Break at Break at Break and Bullish trend line under the connected trend line is $ 3.150.
- If the couple cleared the $ 3.150 resistance area, the couple may begin to grow new.
XRP price recovery momentum
XRP price starts from a area of ​​$ 2.650, better than $ 2.650 Bitcoin and EthereumEssence The price increases higher than $ 2.85 and $ 3.00. It is even higher than $ 3.050.
The high price was established at $ 3.214, and the price has recently corrected some benefits. Speed ​​below $ 3.15. From the height of a swing of 2.6562 $ 2.6562 to $ 3.214, the price dropped to a 23.6 % FIB retracement level.
On the hourly chart of the XRP/USD pair, there is a breakthrough below a connected bullish trend line, supporting $ 3.150. At present, the price of the price is higher than $ 3.00, while the 100 -hour simple moving average.
In good aspects, the price may face a $ 3.085 resistance. The first main resistance is close to $ 3.150. The next resistance is $ 3.20. The clear action of resistance than $ 3.20 may transfer the price to a resistance of $ 3.220. In the short term, more returns may send the price to $ 3.250 or even $ 3.350. The next major obstacle of the Bulls may be $ 3.450.
Another decline?
If XRP fails to remove a resistance area of ​​$ 3.0850, it may fall again. The initial support of the shortcomings is close to $ 3.00. The next main support is the level of nearly $ 2.9350, or a 50 % FIB retracement level at a price of 50 % from 2.6562 as low as $ 3.214.
If there are disadvantages, the price may continue to fall to US $ 2.880. The next main support is near the area of ​​$ 2.750.
Technical indicator
MACD -XRP/USD’s MACD every hour is now losing their pace at watching the bullish area.
The hour RSI (relative strength index) -The RSI of XRP/USD is now lower than level 50.
Main support level-$ 3.00 and $ 2.9350.
Main resistance levels-$ 3.0850 and $ 3.150.
