Key Support levels: $0.75, $0.70
Key Resistance level: $0.89, $1
Despite the low volatility during the past week, XRP has achieved one important thing. It stopped the downtrend and managed to find good support on the $0.75 level. The key resistance at $0.89 continues to hold, but this may come to an end as there’s a bullish crossover potentially in the making.
Chart by TradingView
Technical Indicators
Trading Volume: Volume continues to drop, and this may anticipate a major breakout from the current range.
RSI: The daily RSI is trying to move higher, but due to the flat trend, it remains stuck just above the oversold area.
MACD: This consolidation of the price in a tight range has allowed the MACD histogram to move closer and closer to the positive side, and the moving averages on the daily timeframe are about to do a bullish cross. If this materializes, then buyers may have the momentum they need to finally break above the key resistance and attempt a rally.
Chart by TradingView
Bia
We współpracy z: https://cryptopotato.com/ripple-price-analysis-xrp-drops-4-daily-but-a-bullish-crossover-in-the-making/
