The price of Ripple (XRP) continued its upward trend and increased above the barrier by $ 2.87. Vpress -trend reached a peak at $ 3.40 before resisting.
XRP long -term analysis: bull
The cryptocurrency moved above the breakthrough level and resumed its ascending trend. Over the past 48 hours, Altcoin has been traded above the support level of $ 2.80 and below $ 3.50. If the bulls violate the level of $ 3.50, Altcoin will reach the forecasted price of the Fibonacci expansion for $ 1.618 or $ 4,38.
Nevertheless, XRP will fall if it cannot break through the resistance of $ 3.50. Altcoin will check his recent minimum of $ 2.80. XRP will continue to fall above the 21-day SMA support. The current trend will end if the XRP loses 21-day SMA support. XRP is now about 3.11 dollars.
Analysis of the XRP indicator
XRP price rods remain above the sliding medium lines, since altcoin moves higher. In a 4-hour diagram, the price rods move below and above the 21-day horizontal line of the sliding medium. In the price action, the candlesticks of Dodzhi prevail, which retain the price in constant movement.
Technical indicators:
Resistance levels – $ 2.80 and $ 3.00
Support levels – $ 1.80 and $ 1.60 dollars
What direction for XRP?
On the 4-hour XRP diagram is in a lateral trend after the end of the rising trend is about $ 3.40. Altcoin is trading from $ 3.00 to $ 3.40, and the latter is lower than the first. He is currently returning to a breakthrough level of $ 2.80. The sub -press trend will continue if Altcoin is suspended and remains higher than the support level of $ 2.80.
Refusal of responsibility. This analysis and forecast are the personal opinion of the author. They are not a recommendation to buy or sell cryptocurrency and should not be considered as approval of Coinidol.com. Readers must conduct a study before investing in the funds.
