Hello, welcome to this XRP/USD update by CRYPTO SANDERS.
CHART ANALYSIS XRP:-XRP has successfully tested the support at 44 cents, and the price closed in green every daily candle since then. At the time of this post, the price is found at a similar level to last week. For this reason, buyers will have to show more strength to book a profit.
The key resistance is at 53 cents, and this cryptocurrency was rejected twice at this price level in March and April. Nevertheless, the more a level is tested, the more likely it is to break. Should buyers manage to bring the price back to this key level, then a breakout could take place.
Looking ahead, XRP remains bullish so long as the support at 44 cents holds. With the MACD curving up on the daily timeframe, it would seem that buyers are eager to see the price move higher.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS XRP:-XRP has successfully tested the support at 44 cents, and the price closed in green every daily candle since then. At the time of this post, the price is found at a similar level to last week. For this reason, buyers will have to show more strength to book a profit.
The key resistance is at 53 cents, and this cryptocurrency was rejected twice at this price level in March and April. Nevertheless, the more a level is tested, the more likely it is to break. Should buyers manage to bring the price back to this key level, then a breakout could take place.
Looking ahead, XRP remains bullish so long as the support at 44 cents holds. With the MACD curving up on the daily timeframe, it would seem that buyers are eager to see the price move higher.
Hit the like button if you like it and share your charts in the comments section.
Thank you
