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Technical Analysis

XRP/USD is consolidating after a downtrend.




  • 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.

Disclaimer: Markets, instruments and advices 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. Ripplecoinnews does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Investing in Cryptocurrencies involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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

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