Technical Analysis

XRP/USD price analysis. Bears just won’t let go.

Last updated

5 years ago

September 1, 2019

Arthur Webb

Ripple’s XRP/USD price is trading in a consolidation zone.
The price is down by 1.30% in the last 24 hours.
The current, immediate support is at $0.25350. Immediate resistance is $0.26150

1-Hour XRP/USD Price chart

XRP/USD is trading sideways after the resistance level of $0.26150 was tested on the 29th and 31st of August. Since then the price has fallen by around %1.30. However current support of $0.25350 still stands, even though there is some bear pressure and it is demonstrated on the one-hour MACD chart.

Bulls may test immediate resistance again in the near future. This opinion is supported by the fact that one day RSI indicator is just above 30 at the moment this article was written. Furthermore, one-day MACD indicator is also slightly bullish. If bulls will apply more pressure we likely to see price testing current resistance of $0.26150 again or possibly even going up to the next resistance: – $0.26500.

Chart source: Tradingview

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