- XRP/USD has broken the trendline to the downside but the price is still in a technical uptrend.
- The 0.2821 support level is a strong one and has held firm in the past.
XRP/USD has been one of the darlings of the crypto market over the last few weeks rising 9.42% since 24th September.
The 0.3000 resistance level is proving to be a tough nut to crack for the bulls and if the XRP/USD is to push higher it needs to break the psychological level,
The relative strength index (RSI) is showing signs of a momentum drop off as the price made high highs the indicator made lower highs.
At the moment, on the four-hour chart, the candlesticks are showing signs of indecision as they are forming Doji candles.
Also, the trendline broke lower on 20th October. This proved to be a false break as the XRP/USD price moved back above the trendline.
Subsequently, the price broke back below and is now retesting the trendline which could indicate there might be a move lower on the cards.
For now, the main resistance is 0.3038 and the key support lies at 0.2821.
|Today last price||0.292|
|Today Daily Change||-0.0027|
|Today Daily Change %||-0.92|
|Today daily open||0.2947|
|Previous Daily High||0.2972|
|Previous Daily Low||0.2819|
|Previous Weekly High||0.3041|
|Previous Weekly Low||0.2718|
|Previous Monthly High||0.327|
|Previous Monthly Low||0.2168|
|Daily Fibonacci 38.2%||0.2914|
|Daily Fibonacci 61.8%||0.2878|
|Daily Pivot Point S1||0.2854|
|Daily Pivot Point S2||0.276|
|Daily Pivot Point S3||0.2701|
|Daily Pivot Point R1||0.3006|
|Daily Pivot Point R2||0.3065|
|Daily Pivot Point R3||0.3159|
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