Ripple price finds support around its daily support level of $0.544, which coincides with the 100-day EMA at $0.542 on Friday. On Monday, it trades slightly higher by 0.5% at $0.566. If the daily support at $0.544 holds, XRP could rally 10% to challenge the next resistance level at $0.643.
Ripple price finds support around its daily support level of $0.544, which aligns with the 100-day EMA at $0.542 on Friday. On Monday, it trades slightly higher by 0.5% at $0.566. If the daily support at $0.544 holds, XRP could rally 10% to challenge the next resistance level at $0.643. The daily chart’s RSI and AO have briefly slipped below their neutral levels of 50 and zero, respectively. However, both indicators are still above the oversold levels, indicating that there is still some buying pressure behind XRP.
On the other hand, if the daily support at $0.544 gives way, XRP could drop 6% to hit the next support level at $0.510. A further decline of 5% could take XRP to hit the 200-day EMA at $0.484 by the end of the week. A close below this level would confirm a bearish breakout from the triangle pattern on the weekly chart, signaling a potential drop to $0.400 in the coming weeks.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
