- XRP price shows bullish signs
- Key resistance is $0.26150
- MACD indicator is in the “green”
1 Hour XRP/USD price chart
The price of XRP against U.S. Dollar managed to gain some ground after setting support at $0.22700. The first key resistance level at the moment is $0.26150. This level of resistance is yet to be tested since the recent price drop. On the 25th of September, MACD indicator registered bullish crossover on 1-hour chart. XRP price gained several percents since that move and continues to trade sideways while showing signs of bullish pressure. A horizontal channel can continue to form under bullish pressure in the short term unless bearish crossover occurs.
Money Flow Index (MFI) indicates that XRP is far from being overbought at the moment, so there is a good chance for the price to crawl higher or even start an uptrend. That claim can be supported by the fact that MFI is below the value of 20 on a weekly chart, suggesting XRP is oversold.
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.