XRP price prediction. Bulls need to pressure more.
- XRP consolidating at $0.2600.
- MACD indicator on 1 Hour chart is slightly bearish
- The current support is $0.2600, resistance is $0.2660
1 Hour XRP/USD price chart
XRP is still looking for bullish momentum. Even though the price moved above $0.26500 it failed to sustain its uptrend and retraced back to the new support of level at $0.2600. Ripple XRP still needs to break above $0.26500 on good volume and high momentum and establish new resistance above $0.2700 for the market to initiate longer-term uptrend. In the case of increased bearish pressure, we may see the price fall back to $0.2530 or even $0.2500.
The outlook of MACD indicators is neutral to slightly bearish on both 1 hour and 1-day charts.
Chart source: Tradingview
Disclaimer: Markets, instruments and advices on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Ripplecoinnews does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Investing in Cryptocurrencies involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
The post XRP price prediction. Bulls need to pressure more. appeared first on Latest Ripple (XRP) News & Price Analysis.
OhNoRipple via https://ift.tt/2PblI7a @Arthur O., @Khareem Sudlow