XRP/USDT Testing Pivotal Resistance Again!
As the market turns out to be decisive every new day, many altcoins possess their undetermined behaviour. And hence the XRP price which is strongly holding $0.6 area from past 3 to 4 days may eventually slide down.
The price is testing the 50-day MA levels from past couple of days, and is unable to clear these levels from pretty long time
The first test at these levels resulted in a steep drop of more than 20%, the second time is slashed nearly 5% and currently testing the third time
A drop from this levels may ignite a descending trend below $0.6 initially to hit $0.58 levels. If failed to sustain here, the price may slide down to $0.55 too.
However, a small bullish divergence is seen as the RSI still maintains a notable uptrend which indicates a decent upswing may be fast approaching for the XRP price
Do follow Coinpedia on Tradingview for latest Price & Technical Analysis report. And also visit the Official Website for latest updates and future predictions in the crypto space
- The XRP price as seen in the above chart maintained a significant descending trend and currently consolidating within a narrow range
The price is testing the 50-day MA levels from past couple of days, and is unable to clear these levels from pretty long time
The first test at these levels resulted in a steep drop of more than 20%, the second time is slashed nearly 5% and currently testing the third time
A drop from this levels may ignite a descending trend below $0.6 initially to hit $0.58 levels. If failed to sustain here, the price may slide down to $0.55 too.
However, a small bullish divergence is seen as the RSI still maintains a notable uptrend which indicates a decent upswing may be fast approaching for the XRP price
Do follow Coinpedia on Tradingview for latest Price & Technical Analysis report. And also visit the Official Website for latest updates and future predictions in the crypto space