Despite the last day's climbing operations, the XRP still looks strong – the price stays near the upper end of its Bollinger strips – a rare technical indicator to which traders know is worth paying attention to.
After the $ 1.90 ranging range of this month, the XRP has consistently risen, recently closing the main level of $ 2.20. This step is not just for the show; This puts the XRP directly on the Bollinger Bull Bullish zone. The price has kept higher in the middle of the strip (20-day SMA), buyers repeatedly enter before it reaches lower support.
You may also like
What does it say about the XRP? If the price stays on the upper half of the Bollinger strips, without being too spiked, it usually means that the gear has a solid momentum and permanent purchase pressure.
Currently, the support service is $ 2.16, which is also in the middle of the strips, while the upper strip near $ 2.30 is now the closest obstacle.
Looking at the big picture, it seems that the 2-2,20-dollar zone has turned from the resistance point to the point of the base, which is quite a significant change in technical conditions. If you add it to the tense Bollinger ensemble Squeeze, which we had at the beginning of the month, you have a classic breakthrough and keeping scenario.
You may also like
Inclusion? The momentum favors the bull – not in an explosive form, but with a technical discipline that often precedes the next foot.
