XRP Technical Analysis: Strong Resistance Ahead
- XRP is testing $0.21200 Resistance level
- Needs to close above 50 MA line for bullish momentum
- Next resistance is at $0.2160
XRP/USD 1 Hour Trading Chart
Ripple XRP is trading sideways after a major down move. Price needs to break the current $0.21200 resistance level and close above for trend reversal. Another important confirmation will be price going above 50 Moving Average which coincides with the current resistance line.
The next important resistance line is at $0.21600. If broken on good volume XRP is expected surge up to $0.23. MACD is currently gaining momentum with RSI confirming the price moving up.
Chart source: Tradingview
Image source: Flickr
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.
OhNoRipple via https://www.ohnocrypto.com/ @Arthur Webb, @Khareem Sudlow
