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XRP / USD – Buyers struggling to close above $ 0.3 but remain supported at $ 0.272.
Key Support Levels: $ 0.285, $ 0.272, $ 0.26.
Key Resistance Levels: $ 0.302, $ 0.313, $ 0.321.
XRP rallied as high as $ 0.321 on Tuesday (bearish retracement of 0.886 Fib). Sellers quickly pushed the market lower from here, closing the daily candle below the $ 0.302 resistance (1.414 Fib extension).
Buyers are back above $ 0,302 yesterday. However, sellers re-entered to make sure the daily candle closed below $ 0.302. The coin also rose to $ 0.272 (0.5 Fib Retracement) yesterday, but rebounded rapidly from there.
Today, XRP is attempting to break out of the overhead resistance of $ 0.30.
the short-term price forecast XRP-USD
Looking forward, if the bulls break out of $ 0.302 again, the first resistance level is at $ 0.313. Thereafter, resistance lies at $ 0.321 (bearish .886 Fib), $ 0.33 and $ 0.337.
On the other hand, the first support level is at $ 0.285 (.382 Fib). Below that, support is found at $ 0.272 (0.5 Fib), $ 0.26 (.618 Fib) and $ 0.25.
The RSI fell slightly from overbought conditions as buyers became overextended. Furthermore, the Stochastic RSI has produced a bearish crossover signal, which is a bad sign for the bulls.
XRP / BTC – The bullish recovery attempt fails
Key Support Levels: 1600 SAT, 1555 SAT, 1493 SAT.
Key Resistance Levels: 1700 SAT, 1755 SAT, 1800 SAT.
XRP rebounded from support at 1555 SAT last week as it began attempting a recovery against Bitcoin. The bulls managed to push past the 1700 SAT level and reach 1800 SAT.
Unfortunately, they were unable to sustain these highs, which caused XRP to tip over and trade to the current 1650 SAT level.
XRP-BTC short term price prediction
Looking ahead, if sellers push lower, the first support level is at 1600 SAT. Below this, support is found at 1555 SAT, 1493 SAT and 1450 SAT.
On the other hand, the first resistance level is expected at 1700 SAT. Above this, resistance is found at 1755 SAT (bearish .236 Fib), 1800 SAT and 1865 SAT (bearish .382 Fib).
The RSI has moved back below the midline as the bears regain control of the market momentum. Furthermore, the Stochastic RSI has also produced a bearish crossover signal, which is a worrying signal.
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