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Technical Analysis

XRP Price Technical Analysis: Sideway Trading Continues




  • XRP price trading horizontally
  • Liquidity below support
  • Possible beginning of an uptrend

1 Hour XRP/USD price chart

XRP is trading horizontally within the consolidation today. It looks that the price might have established a new ‘lower low” at $0.270. There were several bullish signals already on 1-hour price chart including MACD crossover into “green” and low tail candlestick that was printed on 6x the 20-hour average volume.

It is very possible that XRP price will look to restest $0.27650 resistance level. However, this move may have to wait before the price dips into liquidity below support trapping some stop-loss orders in the process.

Chart source: Tradingview

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