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Technical Analysis

XRP price gains 3.5% over the weekend

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  • XRP/USD price gains 3.5% over the weekend
  • Crucial resistance: $0.26500
  • 1 hour MACD indicator is bullish

1 Day XRP/USD price chart

On the 14th of September XRP/USD price managed to move up on strong bullish momentum and gained around 3.5% in the process. The important resistance level of 0.26500 was once again tested several times over the weekend, but bulls failed to apply enough pressure for that price level to be broken. Subsequently, XRP price moved down slightly and is now trading at around $0.26200 up by 0.40% from the previous day when support at $0.2600 was hit.

Future uptrend strongly depends if enough demand can lift the price above $0.26500. If in the near future bulls will fail to achieve that goal, it is expected that price will descent to the level of support at $0.25500.

Chart source: Tradingview

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