Although, from technical perspective, XRP is in a bullish territory in the daily chart, it is also in the consolidation zone. Thus, it lacks the momentum.
XRP has to move to above $0.65-$0.675 for bulls to take control of the daily chart and push price to the previous local high at $0.93.
A daily candle closure above $0.675 will push XRP price towards $0.73 and, possibly, higher.
An inability to sustain the price action above $0.59 will result in price slowly declining towards $0.54.
The XRPUSDT 4-Hour chart is teasing the key intraday support of $0.62.
XRP will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and XRP won't be an exception.
Like once read!
XRP has to move to above $0.65-$0.675 for bulls to take control of the daily chart and push price to the previous local high at $0.93.
A daily candle closure above $0.675 will push XRP price towards $0.73 and, possibly, higher.
An inability to sustain the price action above $0.59 will result in price slowly declining towards $0.54.
The XRPUSDT 4-Hour chart is teasing the key intraday support of $0.62.
- A reversal from its current price location is likely and a bullish rejection of $0.62 will push RippleXRP to the key intraday resistance zone of $0.68-$0.71.
- A bearish dip to $0.595 or, even better, to $0.57 and a bullish rejection could offer a long trade towards $0.68-$0.71 and higher.
XRP will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and XRP won't be an exception.
Like once read!
Free Cryptolean Community: discord.gg/sdDwrC89pF
Avoid Complexities and Boost Your Trading Performance!
Avoid Complexities and Boost Your Trading Performance!
