XRP/USD – Bulls Continue To Defend 100-day MA.
Key Support Levels: $0.875, $0.8282, $0.8.
Key Resistance Levels: $0.95, $1.0, $1.05.
XRP might be beneath the crucial $1 level but is doing well to hold the 100-day MA. The coin established the support at $0.875 (.618 Fib & 100-day MA) last week and rebounded from there to meet resistance at $1.
Since hitting $1, XRP has moved sideways inside a range between $1 and $0.875. In addition to this, XRP is also trading inside a descending wedge formation as the market poises itself for a potential upside break.
XRP/USD Daily Chart. Source: TradingView.
XRP-USD Short Term Price Prediction
Looking ahead, the first resistance lies at $0.95 (200-day MA). This is followed by $1.00, $1.05, and $1.10 (50-day MA).
On the other side, the first solid support lies at $0.875 (100-day MA & .618 Fib). This is followed by $0.8282 (2020 highs), $0.8 (downside 1.272 Fib Extension), and $0.71.
The daily RSI remains beneath the midline as weak bearish m
Źródło: https://cryptopotato.com/ripple-price-analysis-xrp-bulls-defend-100-day-ma-but-whats-next/
