XRP is struggling against Bitcoin for the last few days, but performing well against the dollar. XRP ‘s price has increased by 42% since the starting of the year. XRPUSD is currently trading at 0.24$ on all major exchanges.
Technical Analysis – Daily Chart
- Ascending Triangle formation spotted on the daily chart – usually, a bullish pattern produces breakouts.
- XRPUSD is trading above 50,100 MA – Both are providing support to the price. 200MA remains as resistance which sits around 0.26$, A successful break from this resistance will push to price above 0.27$ in the next few days.
- MACD is producing a bullish crossover which indicates bullish continuation for next few days.
After studying indicators and patterns on XRPUSD – we can predict the price to hit 0.27$ this week.
Subscribe to our channel so you don’t miss any news on Telegram
Subscribe To Our Newsletter
Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.
You have Successfully Subscribed!
Subscribe to get notified on latest posts.