XRP Price Analysis Shows Bullish Signals
- XRP price drops by 7%
- Consolidation around $0.27
- Key resistance is $028750
1 Hour XRP/USD price chart
XRP price suffered a dramatic decrease by 7 % and is now trading at $0.27 price mark. Price first fell out of the ascending trading channel as a result of increased bearish pressure XRP/USD price then broke out below the support on high volume and high momentum losing 7% of its value in 24 hours.
At some point, the price went down as low as $0.25, however, price did not hold that level and crawled back up to $0.27$ leaving low tail candlestick on the one-hour trading chart. Coupled with bullish crossover on MACD indicator that can be a signal of increasing demand and falling supply. If the price rests for a while and continues its consolidation in the current price zone, we are more likely to witness breakout above $0.28750 resistance line.
Disclaimer: Markets, instruments, and advice 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.
The post XRP Price Analysis Shows Bullish Signals appeared first on Latest Ripple (XRP) News & Price Analysis.
OhNoRipple via https://ift.tt/2PblI7a @RippleCoinNews, @Khareem Sudlow