Connect with us

Technical Analysis

XRP price technical analysis. An uptrend started.

Last updated

 

on

Ripple's XRP
  • XRP/USD price gains 14% in 24 hours
  • The crucial resistance level at $0.26500 was finally broken
  • Long term outlook remains bullish

4 Hour XRP/USD price chart

After finally breaking through $0.26500 mark XRP price, as expected, initiated a stong uptrend gaining over 14% against US dollar in 24 hours. Currently, the price is consolidating at the level of $0.30500. According to technical indicators such as MACD and Money Flow Index XRP is still not overbought at the moment so we can expect an uptrend to continue. For that, the price would need to go up to the level of $0.32500 and consolidate between that resistance and support of $0.3000. In case new resistance will be broken on good volume and high momentum without immediate retracement XRP price can claim as high as $0.40 and set new resistance at this level.

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.

RippleCoinNews Newsletter

Keep Up With Blockchain Technology Updates and Ripple XRP Coin News & Price Analysis.

* We value your privacy and will never share your information with anyone.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending