We are one week after the last technical analysis. The price has been very static in the last week. I was saying last time that I expect the price not to fall below 0.55 USD after which stabilization will take place and finally we will start climbing towards resistance R1 -1 usd.
Indeed, the price seems to have stabilized, but there has been no upward movement towards 1 USD. It seems that daily traders and whales are very undecided. Traded volumes are very low and if whales like it, it could raise the price very easily. I expect this move to begin the next week.
The resistance lines are: The support lines are:
R1 – 1 USD (psychological) S1 – 0,45 USD
R2 – 1,25 USD S2 – 0.30 USD
R3 – 1,4 USD
What’s happening on XRP / USD next week?
For the next week I keep the same prediction as last week. If Bitcoin does not fall below 7200-7300 USD, XRP will keep above 0.55 USD. In conclusion, I expect a slight drop followed by an upward movement or lateral movement followed by an upward movement. First target up, resistance R1-1 USD. I was saying that a stop above 0.55 USD, followed by a move up to 1 USD, will confirm the right shoulder of the reversed Head and Shoulders pattern.
The MACD tool shows that we are in a sales period and reached line 0. Bull strength has fallen even further compared to last week. At this point, the bears are as strong as the bulls. The market is in a period of balance, strength testing.
As New Policy Goes into Effect Google is Running Crypto Ads Once Again
Australia’s Oldest Crypto Exchange Partners with Mastercard, in Offering Country’s First Crypto Payment Card
5+ Best Crypto Futures Trading Platforms | Bitcoin Derivatives
Ripple Files Petition Requesting Discover of Relevant Info from Binance’s Subsidiary
Analyst Predicts Big Bull Run as Tether Whales Move 374,000,000 in Crypto
Recent Press Release
How Blockchain Technology Will Shape the Future of Online Gambling?
Cryptocurrency uses blockchain technology, and this tech ensures the security and anonymity of financial transactions. Many industries have embraced blockchain,...
Cryptos like ETH/USD, BTC/USD dancing to the tune of tweets by Tesla CEO Musk in absence of any Crypto trading regulator:
In February of 2021, Elon Musk tweeted that he found the prospect of holding Bitcoin ‘adventurous’ for an S&P 500...
Earning By Mining, Is a Klondike Of The 21st Century. Mining-Tron.Com
Mining-Tron.com is a company that started its history in 2018 in the cryptocurrency mining market. According to the zephyrnet.com, in...
You May Not Have Known These Bitcoin Facts
However, even though Bitcoin is the most well-known cryptocurrency network globally, there are several aspects of it that you may...
DeFi Coin (DEFC): Live Trading on BitMart is Coming on July 19th!
Decentralized finance is playing an increasingly important role in the crypto world. It is all the less surprising that DeFi...