Technical Analysis

XRP/USD price prediction. $0.26500 resistance still stands

Published

5 years ago

September 6, 2019

Arthur Webb

XRP is trading sideways without any gains in the last 24 hours.
1 MACD indicator is bullish at the moment
The current support is $0.25400, Closest resistance is $0.25900

1 Hour XRP/USD price chart

XRP price started moving sideways after following bearish trendline for the last 2 days, setting several resistance and support levels in the process. Currently, the closest support is at $0.25400 with resistance at $0.25900. The MACD indicator is suggesting falling bearish pressure, so expect XRP/USD pair to test the resistance in the near future. In case the price moves past the current resistance level, there are resistances at $0.26200 and $0.26500 to be broken.

As stated earlier $0.26500 is a crucial resistance line. XRP price failed to move past that level since the downtrend started on the 28th of August. However several more or even one more test of this high may finally allow XRP price to a breakthrough on high momentum and record significant price increase.

Chart source: Tradingview

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