Ripple (XRP) rebounded as the price broke above the moving averages. Today, the market is retracing to retest the 50-day SMA at the low of $0.87.
Ripple will begin resumption of the upward move if the price retests the 50-day SMA and remains above it. The bullish scenario will be invalidated if the price breaks below the moving averages, XRP has been in downward correction as price breaks below the moving averages. The crypto tends to rise when price bars are above the moving averages. XRP/USD is trading at $0.88 at the time of writing. Buyers will have to push XRP above $1.20 to be out of the bearish trend zone. On the 4-hour chart, if the 50-day SMA support holds, XRP will rise to $0.98 high.
Ripple mutató elemzése
Ripple price bars are below the 21-day and the 50-day SMAs which suggest that the crypto is in the bearish trend. The crypto is still at level 43 of the Relative Strength Index period 14. It indicates that the market is in the downtrend zone and below the centerline 50. It is also below the 80% range of the daily stochastic. XRP has bearish momentum.
Műszaki mutatók:
Fő ellenállási szintek: 1.95 és 2.0 dollár
Fő támogatási szintek - 0.80 és 0.60 dollár
Mi a következő lépés a Ripple-nél?
On the 4 hour chart, XRP price has broken above 21-day and 50-day SMAs. Ripple will rise if the current support holds. On June 14 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ripple is likely to rise to level 1.618 Fibonacci extension or level $0.94
Jogi nyilatkozat. Ez az elemzés és az előrejelzés a szerző személyes véleménye nem ajánlás a kriptovaluta adásvételére és nem tekinthető a CoinIdol jóváhagyásának. Az olvasók befektetés előtt saját kutatást végezzenek
