Ripple (XRP) Bull Run Hinging on This Major Resistance Level (Analysis)
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XRP is just under a key resistance. Will it break above it?
Key Support levels: $0.43
Key Resistance levels: $0.54, $0.68
1. Resistance Under Pressure
The price is right under the resistance at 54 cents. If buyers break this level, then XRP has a good chance to rally higher towards the next target at 68 cents. Momentum favors bulls, but more buy volume is needed to break through.
2. Indicators Turning Bullish
The momentum indicators are giving a bullish bias. For example, the two-day MACD did a bullish cross today. This highlights that buyers have the upper hand and could soon take XRP higher.
3. Daily RSI Makes a Higher High
The daily RSI has made a higher high. This is an early signal that this cryptocurrency wants to move higher. The key resistance at 54 cents is the only thing stopping buyers from pushing XRP into a rally.
The bias will change to bullish as soon as the key resistance at 54 cents is turned into a support. At that point, XRP is likely to make new highs and aim for 68 cents next.
The post Ripple (XRP) Bull Run Hinging on This Major Resistance Level (Analysis) appeared first on CryptoPotato.
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Ripple (XRP) Bull Run Hinging on This Major Resistance Level (Analysis)
Share:
XRP is just under a key resistance. Will it break above it?
Key Support levels: $0.43
Key Resistance levels: $0.54, $0.68
1. Resistance Under Pressure
The price is right under the resistance at 54 cents. If buyers break this level, then XRP has a good chance to rally higher towards the next target at 68 cents. Momentum favors bulls, but more buy volume is needed to break through.
2. Indicators Turning Bullish
The momentum indicators are giving a bullish bias. For example, the two-day MACD did a bullish cross today. This highlights that buyers have the upper hand and could soon take XRP higher.
3. Daily RSI Makes a Higher High
The daily RSI has made a higher high. This is an early signal that this cryptocurrency wants to move higher. The key resistance at 54 cents is the only thing stopping buyers from pushing XRP into a rally.
The bias will change to bullish as soon as the key resistance at 54 cents is turned into a support. At that point, XRP is likely to make new highs and aim for 68 cents next.
The post Ripple (XRP) Bull Run Hinging on This Major Resistance Level (Analysis) appeared first on CryptoPotato.
Read More
We Asked 3 AIs if Ripple (XRP) Will Have a Bullish December: Their Answers May Shock You