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Technical Analysis

XRP/USD is consolidating after a downtrend.

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Ripple
  • Ripple’s XRP price today is consolidating between $0.2600 and $0.26750
  • Next support level is at $0.25500. Next resistance level is at $0.27200
  • Current candlestick formation with low tails may suggest rising buyer pressure

Xrp price chart

XRP/USD price seems to settle in the current consolidation zone, however low tail candlesticks may be a sign of growing buying pressure. In that case, expect the prise to go above current resistance level of $0.26750 and meet next resistance at around $0.27200. A close of price above  $0.26750 may mean price reversal and begining of an uptrend. However if current support is broken on increased volume and high momentum the price may fall as low as $0.25500.

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