Technical Analysis
XRP Technical Analysis. Death Cross Printed
- XRP is down by 2.3%
- Death Cross Pattern
- Next Support $0.21450
1 Hour XRP/USD Price Chart
XRP price failed to sustain its value above 23 cents. At the same time, the death cross pattern was printed on an hour chart suggesting future bearish pressure. XRP price reacted immediately dropping down to 22 cents as a result.
The current outlook remains bearish with MACD indicator providing an additional signal to establish a short position. The immediate target is $0.21450, the price would need to rebound off that level to get bull’s interest back. Alternatively, the price may gravitate down and below the $0.203 support and tap into the liquidity pool.
Chart source: Tradingview
Image source: Flickr
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.
Bitcoin’s Value Climbs Above $71,000 Ahead of Impending Halving Event
Best Bitcoin Miners in 2024
BlockDAG’s Visionary Leap: Sparking a Crypto Revolution with 5000% ROI Potential
Earn Passive Income Quickly with ARKMining Cloud Mining – Daily Profits
Bitcoin Boom vs China’s Ban: Investors Caught in Crossfire
BlockDAG’s Visionary Leap: Sparking a Crypto Revolution with 5000% ROI Potential
BlockDAG’s groundbreaking announcement has stirred a wave of excitement in the cryptocurrency community, following its keynote presentation broadcasted across the...
Earn Passive Income Quickly with ARKMining Cloud Mining – Daily Profits
ARKMining, a leading cloud mining platform, recently released a complete analysis report demonstrating its potential to help individuals easily earn...
Top Crypto Altcoins of 2024: SHIB, MK, and BDAG – Unlock Your Path to Growth and Profit
The best crypto altcoins of 2024, according to top crypto analysts are Shiba Inu (SHIB), Meme Kombat (MK), and BlockDAG...
Insiders Reveal: BlockDAG’s Presale Poised for 50X Boom with Possible Bitcoin Breakout on the Way; BTCMTX Presale Set to End
The Bitcoin rally may still have room for further growth following a recent breakout. However, increased Bitcoin volatility could occur,...
Wizarbit – Quick Bitcoin Purchase with Credit Card
In the fast-paced world of cryptocurrency, convenience and speed are paramount. Wizarbit emerges as a trailblazer in facilitating swift Bitcoin...
