Technical Analysis

XRP price analysis. Liquidity pools above resistance lines.

Published

5 years ago

October 3, 2019

Arthur Webb

XRP price is down by 1.5% from $0.25500
Price looks for liquidity at support and resistance levels

1 Hour XRP/USD price chart

XRP price continues sideways movement and is now fluctuating between the $0.24500 support line and resistance levels above. It is well worth to note that the price has not tappen into any of the liquidity zones above resistance for a while now. On the 30th of September price made a higher high of $0.26150, subsequently $0.25500 and $0.25350 highs were achieved on the 2nd and 3rd of October. It has to be monitored now if price moves above those zones on high momentum or will it merely tap into liquidity pools above those lines in stop-loss hunts.

On the other side of the graph, the price may hunt for long positions below the $0.24450 line. Several more stop-loss hunts at the support level and none at resistance in the short term will be a good indicator of an upcoming price spike.

Chart source: Tradingview

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