XRP/USD technical analysis. Breakout is likely to happen soon.
- XRP price still cannot establish new highs well above $0.26500.
- 1 Day MACD indicator is suggesting potential uptrend in the future.
- The current support is $0.25650, Closest resistance is $0.26500
1 Hour XRP/USD price chart
XRP price is still looking to break above that crucial resistance level of $0.26500. The resistance was tested several times with immediate retracement back into the consolidation zone. Bears may still try to push the price below the price of $0.25650 although it remains to be seen if there will be a sharp drop in demand for that to happen. If we look at the MACD indicator on a 1 day XRP/USD chart it has been in the “green” since August 22nd, suggesting that XRP is oversold at the moment. It can be a potential signal of a future uptrend.
1 Day MACD indicator on XRP/USD price chart
Chart source: Tradingview
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