[ad_1]
XRP / USD – Drops from $ 0.68 after BTC price falls
Key Support Levels: $ 0.6, $ 0.55, $ 0.5.
Key Resistance Levels: $ 0.65, $ 0.68, $ 0.718.
Last week, XRP fell from $ 0.75 to meet support around $ 0.5. From there, it started climbing higher over the weekend slowly, but was unable to break out of the resistance at $ 0.68 (1,414 Fib Extension) for the past two days.
Today, it fell lower in tandem with Bitcoin and peaked at $ 0.557 before bouncing back to the current level of $ 0.625.
XRP-USD Short Term Price Prediction
Looking ahead, if the sellers break out of the push below $ 0.6, the first support level is at $ 0.55 (2019 highs). This is followed by $ 0.5 (0.5 Fib), $ 0.345 (.618 Fib) and $ 0.4.
On the other hand, resistance is expected at $ 0.65, $ 0.68, $ 0.718 (bearish .886 Fib) and $ 0.75.
The 4HR RSI fell below the midline today as sellers began to take on market momentum. If it continues to decline, XRP can be expected to drop lower.
XRP / BTC – Bulls Defending .382 Fib Retracement
Key Support Levels: 3220 SAT, 3000 SAT, 2900 SAT.
Key Resistance Levels: 3600 SAT, 3785 SAT, 4000 SAT.
Against Bitcoin, XRP had dropped from its October 2019 highs at 3785 SAT last week to meet support at 2900 SAT (.5 Fib Retracement). From there, it rebounded but was never able to close a 4HR candle above 3600 SAT.
Today, XRP rose below 3220 SAT, but buyers quickly regrouped to bring it back to its current level at 3300 SAT.
XRP-BTC short term price prediction
Looking ahead, if sellers push down, the first support level is at 3220 SAT (.382 Fib). Below that, support is found at 3000 SAT, 2900 SAT (.5 Fib), 2600 SAT and 2450 SAT.
On the other hand, the first resistance level is found at 3600 SAT. This is followed by 3785 SAT (October 2019 highs), 4000 SAT and 4400 SAT.
PrimeXBT Special Offer: Use this link to register and enter the code CRYPTOPOTATO35 to get 35% free bonus on any deposit up to 1 BTC.
Disclaimer: The information found on CryptoPotato is that of the writers mentioned. It does not represent CryptoPotato’s views on whether to buy, sell or hold investments. It is recommended that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.
TradingView Cryptocurrency Charts.
