XRP Price Stuck In Consolidation: Where’s The Next Big Move?
XRP prices start the merger stage from the resistance area of $ 3.20. The price is now consolidating the income and may be designed to exceed 3.20 US dollars.
- The price of XRP began a downward correction from a $ 3.220 area.
- At present, the price of price transactions exceeds $ 3.050 and 100 hours of simple moving average.
- On the hour chart of the hourly graph (Kraken’s data source) of the XRP/USD, there is a broken flag pattern above the national flag pattern.
- If the couple cleared the $ 3.20 resistance area, new increases may begin.
XRP price Eye fresh income
The price of XRP began to be higher than 2.950 US dollars, and its performance was better than Bitcoin and EthereumEssence The price increases higher than $ 2.95 and $ 3.00.
The high price was established at $ 3.214, and the price has recently corrected some benefits. Action below $ 3.10. From a swinging of 2.6560 $ 2.6560 to a height of $ 3.214, the price dropped to the 50 % FIB retracement level of the upper wave.
However, the Bulls are active at $ 3.00 and increase the price. On the hourly chart of the XRP/USD pair, there is a price disrupting above the national flag pattern with a resistance of $ 3.10.
At present, the price of price transactions exceeds $ 3.050 and 100 hours of simple moving average. In good aspects, the price may face a $ 3.150 resistance. The first main resistance is nearly $ 3.20. The next resistance is $ 3.220.
The clear action of the resistance of more than $ 3.220 may transfer the price to a $ 3.320 resistance. In the short term, more income may send the price to $ 3.380 or even $ 3.420. The next major obstacle of the Bulls may be $ 3.50.
Another decline?
If XRP cannot remove the $ 3.150 resistance area, it may fall again. The initial support of the shortcomings is close to $ 3.00. The next main support is close to $ 2.950.
If there is a disadvantage, the price may continue to fall to US $ 2.860 or 61.8 % of the FIB retracement level from $ 2.6560 to US $ 3.214 high. 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 $ 2.950.
The main resistance level-$ 3.150 and $ 3.20.
