Connect with us

Technical Analysis

XRP Price: Lack of Bearish Pressure

Last updated



Ripple's XRP
  • XRP price continues its rally
  • Psychological $0.30 resistance can be retested soon
  • Important support: $0.27800

1 Hour XRP/USD price chart

XRP price continues its consolidation between $0.28 and $0.29 price levels. The support line at the moment is set at $0.28300, however, a more important support level is $27800, if the price goes below that line on high volume and high momentum we may well see the current XRP trend reversal. However, it seems that there is simply not enough bearish interest to start a downtrend at the moment, as XRP price continues its slow and gradual rally upwards.

Once MACD indicator on one hour chart will cross back into a bullish zone, the price can retest important psychological resistance at $0.30, possibly setting up a new resistance level in the region of $0.31-$0.32.

Chart source: Tradingview

Disclaimer: Markets, instruments, and advice on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Ripplecoinnews does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Investing in Cryptocurrencies involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses, and costs associated with investing, including total loss of principal, are your responsibility.