Despite the general market correction, XRP remains at a high level.
Key support levels: $0.43
Key Resistance Levels: $0.54
1. The trend towards no trend continues
XRP hasn’t hit new lows this week and has managed to hold around 48 cents. While most of the market is in the red today, XRP has managed to hold its price. It’s a show of strength.
2. Next key resistance?
The price action is showing signs that it wants to push XRP higher and challenge key resistance at 54 cents. This level represents a 10% price increase from current levels and seems achievable if sentiment around the cryptocurrency continues to improve.
3. Bullish cross on the daily chart
The bullish cross on the daily MACD from last Sunday may explain why XRP is holding up better than other altcoins right now. Buyers have seemed to have the upper hand since then, but they are now being challenged. If they hold here, XRP could move higher later.
