- XRP is trading sideways without any gains in the last 24 hours.
- 1 MACD indicator is bullish at the moment
- The current support is $0.25400, Closest resistance is $0.25900
1 Hour XRP/USD price chart
XRP price started moving sideways after following bearish trendline for the last 2 days, setting several resistance and support levels in the process. Currently, the closest support is at $0.25400 with resistance at $0.25900. The MACD indicator is suggesting falling bearish pressure, so expect XRP/USD pair to test the resistance in the near future. In case the price moves past the current resistance level, there are resistances at $0.26200 and $0.26500 to be broken.
As stated earlier $0.26500 is a crucial resistance line. XRP price failed to move past that level since the downtrend started on the 28th of August. However several more or even one more test of this high may finally allow XRP price to a breakthrough on high momentum and record significant price increase.
Chart source: Tradingview
Disclaimer: Markets, instruments and advices 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. Ripplecoinnews does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Investing in Cryptocurrencies involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Credit: Source link