XRP/USD: technical analysis
Current trend
XRP/USD continues to trade within a long-term downward channel, but recently the price of the token has been consolidating around 0.7500 (center line of Bollinger Bands, Fibonacci retracement 61.8%).
The key point for the "bears" is still 0.6836 (Murray [2/8], the lower line of Bollinger Bands), the breakdown of which will allow quotes to fall to the levels of 0.5859 (Murray [0/8]) and 0.5371 (Murray [-1/8]). If the central level of Murray's trading range is broken out, the price will rise to the levels of 0.8789 (Murray [6/8]), 0.9100 (50.0% Fibonacci retracement).
Technical indicators don't provide a clear signal: Bollinger Bands are directed downwards, confirming the continuation of the downtrend, MACD is near the zero line, its volumes are insignificant; however, Stochastic is reversing upwards, which does not exclude the continuation of corrective growth.
Support and resistance
Resistance levels: 0.7812, 0.8789, 0.9100.
Support levels: 0.6836, 0.5859, 0.5371.
XRP/USD continues to trade within a long-term downward channel, but recently the price of the token has been consolidating around 0.7500 (center line of Bollinger Bands, Fibonacci retracement 61.8%).
The key point for the "bears" is still 0.6836 (Murray [2/8], the lower line of Bollinger Bands), the breakdown of which will allow quotes to fall to the levels of 0.5859 (Murray [0/8]) and 0.5371 (Murray [-1/8]). If the central level of Murray's trading range is broken out, the price will rise to the levels of 0.8789 (Murray [6/8]), 0.9100 (50.0% Fibonacci retracement).
Technical indicators don't provide a clear signal: Bollinger Bands are directed downwards, confirming the continuation of the downtrend, MACD is near the zero line, its volumes are insignificant; however, Stochastic is reversing upwards, which does not exclude the continuation of corrective growth.
Support and resistance
Resistance levels: 0.7812, 0.8789, 0.9100.
Support levels: 0.6836, 0.5859, 0.5371.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.