Ripple Price Technical Analysis: Striving to Obtain Enough Force

This is a Trial Version of Social Share & Locker Pro plugin. Please add your purchase code into Licence section to enable the Full Social Share & Locker Pro Version.

Moreover, the XRP/USD pair also made an attempt to clear this week’s pointed bullish trend line with current support at $0.2030 on the hourly chart. At the moment, the pair is just above the trend line support at $0.2030 and the 100 hourly SMA. Once there is a break and close below $0.2000, there can be a downside push towards $0.1950. An immediate support sits around the 50% Fib retracement level of the last wave from the $0.1880 low to $0.2093 high.

The most important support is near $0.1950 and the 61.8% Fib retracement level of the last wave from the $0.1880 low to $0.2093 high. On the upside, buyers need to gain momentum above $0.2100 to push the price towards $0.2250.

Technical indicators:

Hourly MACD – The MACD for XRP/USD is about to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 60 level.

Major Support Level – $0.2000

Major Resistance Level – $0.2100

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. Altcoin Today does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

Source: NewsBTC

Charts courtesy of Trading View