Ripple: Price Sits on Top of Dynamic Support, RSI in Bearish Region
The price for Ripple sits on top of the dynamic support, indicated in green and RSI is in bearish region. SMA30 is pushing up against the resistance line, identified by (in red).
On the daily chart, Ripple trades above the dynamic support (shown in green). By adding the RSI 30-day indicator, it can be seen that this index is in the bearish zone and moving up towards the descending line as resistance (in red). This resistance trendline was formed at the end of 2020.
If the bull will be able to break above $0.4 (marked yellow), the RSI is expected to cross its resistance and trigger a positive signal for an upward trend.
XRP's price at $0.3 is crucial. If the bears take over again and push the price below it, a drop to the $0.24 range is likely.
The following figures are key support levels: $0.30 & $0.24
Resistance levels: $0.40 & $0.54
The following are the latest closing prices of the S&P 500: S&P 500 index (MA20: $0.33), S&P 500
The Grizzly has explained that Technical Analysis is a way to predict the future price of a
The XRP/BTC chart shows that the price of XRP
The price of the BTC pair is still trading below the yellow descending line. At the same time, the daily MA100 (in blue) has provided significant support.
Ripple’s main challenge is to break above the resistance zone at 1800 Sats. If that happens, 2000 Sats should be imminent.
At the following prices: $1500 and $1250
Resistance: $1700 & $1800