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Technical Analysis

XRP Technical Analysis: Strong Resistance Ahead

Arthur Webb

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  • XRP is testing $0.21200 Resistance level
  • Needs to close above 50 MA line for bullish momentum
  • Next resistance is at $0.2160

XRP/USD 1 Hour Trading Chart

Ripple XRP is trading sideways after a major down move. Price needs to break the current $0.21200 resistance level and close above for trend reversal. Another important confirmation will be price going above 50 Moving Average which coincides with the current resistance line.

The next important resistance line is at $0.21600. If broken on good volume XRP is expected surge up to $0.23. MACD is currently gaining momentum with RSI confirming the price moving up.

Chart source: Tradingview

Image source: Flickr

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Arthur Webb: passionate about how technology can empower people to create a more just and sustainable world.