- 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
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.
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