Main Ripple XRP Analysis for Today
Actualizado
Hi there!
PrimeXBT would like to direct your attention to a technical analysis overview of XRPUSD.
Ripple price is struggling to clear a few key hurdles against the US Dollar, while bitcoin is rallying. XRP price could gain traction once there is a close above $0.20.
Firstly, XRP will need to move back through to the support line that's a key bullish trend line forming with support near $0.1950 on the hourly chart to hold another uptrend movement at the first major resistance level.
If there is a downside break below $0.1950 and $0.1940, Ripple's price could move back towards the main support that is near the $0.1900 level, below which the price could move back into the positive zone.
On the upside, there are a few important hurdles forming near the local resistance zone. A successful break above the $0.20 level is needed for the bulls to gain strength. The next major resistances are seen near $0.2140 and $0.23.
In the near term, the Relative Strength Index on the XRPUSD chart is flashing signs of bearish divergence, and some decline is expected inside a triangle.
Please, let us know what you think in the comments below.
We hope you have great success with all your next trades.
PrimeXBT would like to direct your attention to a technical analysis overview of XRPUSD.
Ripple price is struggling to clear a few key hurdles against the US Dollar, while bitcoin is rallying. XRP price could gain traction once there is a close above $0.20.
Firstly, XRP will need to move back through to the support line that's a key bullish trend line forming with support near $0.1950 on the hourly chart to hold another uptrend movement at the first major resistance level.
If there is a downside break below $0.1950 and $0.1940, Ripple's price could move back towards the main support that is near the $0.1900 level, below which the price could move back into the positive zone.
On the upside, there are a few important hurdles forming near the local resistance zone. A successful break above the $0.20 level is needed for the bulls to gain strength. The next major resistances are seen near $0.2140 and $0.23.
In the near term, the Relative Strength Index on the XRPUSD chart is flashing signs of bearish divergence, and some decline is expected inside a triangle.
- Major Support Level: $0.19
- Local Resistance Zone: $0.199 - 0.202
- Market Cap: $8 484 141 997 USD
- Volume (24h): $1 356 747 688 USD
- Circulating Supply: 43 319 477 613 XRP
Please, let us know what you think in the comments below.
We hope you have great success with all your next trades.
Nota
Nota
Ripple (XRP) Price Likely to Hit Next Mid-Term Target
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