Technical Analysis

XRP price prediction. Bulls need to pressure more.

Published

5 years ago

September 4, 2019

Arthur Webb

XRP consolidating at $0.2600.
MACD indicator on 1 Hour chart is slightly bearish
The current support is $0.2600, resistance is $0.2660

1 Hour XRP/USD price chart

XRP is still looking for bullish momentum. Even though the price moved above $0.26500 it failed to sustain its uptrend and retraced back to the new support of level at $0.2600. Ripple XRP still needs to break above $0.26500 on good volume and high momentum and establish new resistance above $0.2700 for the market to initiate longer-term uptrend. In the case of increased bearish pressure, we may see the price fall back to $0.2530 or even $0.2500.

The outlook of MACD indicators is neutral to slightly bearish on both 1 hour and 1-day charts.

Chart source: Tradingview

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