XRP/USD – Bulls Battle To Stay Above .382 Fib & 20-days MA
Key Support Levels: $1.29, $1.25, $1.12.
Key Resistance Levels: $1.40, $1.50, $1.77.
XRP might be down 28% this week, but it seems the bulls have found solid support at $1.29, provided by a .382 Fib. XRP has closed each daily candle above this support for the past four days, and it is now further bolstered by the 20-days MA.
On Sunday, bitcoin suffered a significant price drop which caused the entire market to head lower. During that time, XRP dropped as low as $1.12, where it found support at a .5 Fib and the 20-days MA. It rebounded from there to close Sunday’s daily candle above $1.40 and has since established the support at $1.29.
XRP/USD Daily Chart. Source: TradingView
XRP-USD Short Term Price Prediction
Looking ahead, if the sellers break the support at $1.29, the first support beneath lies at $1.25 (Feb 2018 highs). This is followed by $1.12 (.5 Fib), $1.00, and $0.95 (.618 Fib).
On the other side, the first res
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