Technical Analysis

XRP/USD technical analysis. Small gains ahead of future uptrend?

Published

5 years ago

September 3, 2019

Arthur Webb

XRP price is trading sideways after gaining around 2% in the last 24 hours
RSI and MACD indicators are neutral/slightly bearish
The current support is $0.2600, resistance is $0.2650

1 Hour XRP/USD price chart

XRP finally gained some momentum and was able to go up from previous resistance of $0.25750 to $0.26500. Immediate retracement followed that move and new support and resistance levels were set at $0.2600 and $0.2650 respectively.

In the short term Ripple’s XRP is expected to continue its sideways movement hitting both support and resistance levels in the process.

In the long term, XRP will still need to break above $0.2650 for bulls to regain control of the market.

Chart source: Tradingview

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