- 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
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.
Spike in Market’s Volatility as $2.5 Billion Worth of Bitcoin Options Expires Today
Bitcoin ‘Solidifies’ Support At $58K As Volatility in the BTC Falls to a 7-month low.
Another Country Partnered with the Ripple to Assist them in Building CBDC
DOGE Not Good for Crypto as it has “Inflationary Dynamics”, CEO Ripple Brad Garlinghouse.
CryptoGames, The Unsurpassed Competitor in the Crypto Gambling Industry
Recent Press Release
Bitcoin As a Prototype of Central Banks
Bitcoin is a computerized currency that “utilizes decentralized technology to work with no centralized system or financial firms,” according to...
Hitches that cryptocurrency can pose to the financial sector
New upcoming companies are increasingly engaging in accessing the bitcoin market. After focusing for generations on bitcoin’s capabilities, prices, operational...
Bitcoin Address- A brief overview
Anyone who wants to buy or sell anything using Bitcoin must send money from a specified location, akin to how...
Why should you prefer Blockchain Technology?
From one end of the world toward the other, blockchain technology is without question the most fiercely contested issue. Since...
Can Cryptocurrencies eventually overtake all economic mechanisms?
Bitcoin has been spoken about a lot for a lengthy moment. Still, they’re becoming known as monetary instruments that can...