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Ripple Price Analysis: XRP Bulls Eye $1.4 Following a Break of Important Resistance

Key Support levels: $1.2
Key Resistance level: $1.4
XRP rallied in the past two days, and the price stands above $1.2, which was the previous resistance now turned support. The next key resistance, which will be more difficult to break, sits at $1.4. Bears were rather shy on this rally, and they may preserve their strength for the key resistance where XRP can experience a more significant pullback.
Chart by TradingView
Technical Indicators
Trading Volume: Good volume since the price broke above the blue triangle. However, the momentum seems to be decreasing slightly for the bulls. This may lead to a re-test of the $1.2 support before a further price increase.
RSI: The RSI has made a higher high on the daily timeframe, this is bullish, and it is very close to breaking above 70 points. This indicates that a strong bullish trend is at play.
MACD: On the daily timeframe, the MACD continues to move higher on the histogram and moving averages. This is expected to continue until the price fac

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We współpracy z: https://cryptopotato.com/ripple-price-analysis-xrp-bulls-eye-1-4-following-a-break-of-important-resistance/

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