The price of XRP was hardly moving today, but it pumped 6%this week. So, where could the XRP be headed today? Let's find out.
XRP chart analysis
Xrp He currently trades for about $ 2.21. Recently, he tried to break over $ 2,24-2.26, but couldn't hold that level. The price is a strong support of $ 2.05, even stronger support of 1,97 dollars with a 200-day sliding average.
The chart shows the higher lowest formation, indicating that the rise may continue. After a major fall on April 7, the XRP strictly bounced back and formed a round bottom. Since then, the price has risen evenly, showing a healthy recovery. The 200-day moving average is directed and acts as a solid support of about $ 1.97, which is important to monitor when the market becomes karaks.
Technical indicators
The CCI is at 126.86, putting it in the area. This often means that a short -term setback can happen if the momentum does not build.
Adx is at 30.29, which shows a strong trend. If ADX is over 25, it confirms that the market is trendy, in this case upwards.
The ultimate oscillator is 56.64, slightly bullish, but not too hot. This indicates that the rise is healthy and sustainable.
Roc is 12.29, which is positive and strong. This means that XRP has a good momentum recently.
The power of the bull/bear sits at 0.1021, showing that the bulls have a slight edge on the market but not a complete control.
Read also: XRP Supply Chain Violation: Ripple's Attack Endangered Private Keywatches
XRP Price: Support/resistance zones
The level of key dials to look at:
- First resistance: $ 2,24-26 (recent high)
- Another resistance: $ 2.35 (resistance from early April)
Important Support Level:
- First Support: $ 2.05 (recent support after setbacks)
- Second Support: $ 1.97 (corresponds to a 200-day sliding average)
XRP price forecasts for now
Bullish scenario: If XRP price remains More than $ 2.20 and trading increases, a break of more than $ 2.26 can rise to $ 2.35-2.40. With a strong momentum, it can be tested for as much as $ 2.50 before the end of the week.
This bullish gear can happen if:
- XRP breaks with a strong volume of $ 2.26
- RSI remains under -buyed below (currently 64)
- The upbringing continues, confirmed adx over 30 and rises to ROC
BARK scenario: If the price of XRP falls below $ 2,17-2.15, especially with higher sales volume XRP could re -test 2.05 -dollarine support. A sharper decline can bring it back to the 200-day moving average to about $ 1.97, especially when the market news becomes negative.
See these bear signals:
- CCI falls from the level of overload
- Failed attempts to exceed $ 2.26
- A reduction of volume or turning candle patterns
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