Ripple (XRP) is falling as buyers find it increasingly difficult to sustain above the $1.10 resistance since June 1. The bulls were repelled twice before the eventual downward move. XRP is likely to fall to the previous low at $0.80.
The crypto suffered the same bearish consequences when it retested the resistance zone on May 26. The crypto fell to the low at $0.80 and resumed a fresh uptrend. Presently, the XRP/USD is falling and approaching the low of $0.94. If the crypto falls and finds support above $0.80, then it is assumed that XRP is likely to be a range-bound between $0.80 and $1.10 for a few more days. Conversely, if the bears break the $0.80 support, the market will further decline to a $0.60 low.
Ripple mutató elemzése
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. The 21-day SMA is acting as a resistance to crypto. XRP has fallen below the 20% range of the daily stochastic. It indicates that the XRP price has fallen to the oversold region of the market. Buyers are likely to emerge.
Műszaki mutatók:
Fő ellenállási szintek: 1.95 és 2.0 dollár
Fő támogatási szintek - 0.60 és 0.55 dollár
Mi a következő lépés a Ripple-nél?
Ripple has recovered from the previous downtrend. The price indicator has indicated an upward movement of prices. The current resistance at $1.10 has repelled the upward move of the XRP. Meanwhile, on May 25 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 $1.30.
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.
