[ad_1]
XRP / USD – The bullish explosion leads XRP to hit $ 0.3
Key Support Levels: $ 0.295, $ 0.29, $ 0.286.
Key Resistance Levels: $ 0.3, $ 0.31, $ 0.321.
XRP penetrated above a symmetrical triangle last week as it started to slowly rise again. The coin penetrated above the resistance at $ 0.261 and pushed higher to the $ 0.271 level (bearish .618 Fib). The coin was stuck here for a couple of days, but managed to break out of it yesterday, climbing to $ 0.29.
Today, XRP continued to rise, breaking the resistance at $ 0.295 (bearish .886 Fib) to penetrate above $ 0.3 and peak as high as $ 0.31. The coin has since declined slightly and is trading around the crucial resistance of $ 0.30 (extension of 1.618 Fib).
XRP-USD Short Term Price Prediction
Looking ahead, if the buyers continue to push above $ 0.3, the first resistance level is at $ 0.31. Above that, resistance is found at $ 0.321 (long-term bearish .886 Fib), $ 0.331 and $ 0.337. This is followed by $ 0.35, which is the 2020 high.
On the other hand, the first support level is at $ 0.295. This is followed by support at $ 0.29, $ 0.286 and $ 0.276 (.382 Fib).
Both the RSI and the Stochastic RSI are extremely overbought, which suggests that buyers may be overextended a bit.
XRP / BTC – The bulls start a long road to recovery
Key support levels: 1755 SAT, 1700 SAT, 1650 SAT.
Key resistance levels: 1865 SAT, 1900 SAT, 1955 SAT.
Against Bitcoin, XRP has begun a long road to recovery after managing to return above the 1700 SAT level yesterday. Today, XRP continued to rise until it broke the resistance at 1755 SAT (bearish retracement .236 Fib) and peaked at 1800 SAT.
It is still quite far from being considered bullish, but the recent rebound is promising.
XRP-BTC short term price prediction
Looking ahead, if buyers continue to drive higher, the first resistance level is at 1865 SAT (bearish .382 Fib). Above this, resistance is found at 1900 SAT (20th July low), 1955 SAT (bearish 0.5 Fib) and 2000 SAT.
On the other hand, if the sellers push lower, the first support level is at 1755 SAT. Below that, support sits at 1700 SAT, 1650 SAT, and 1600 SAT.
The RSI is pushing higher from the midline to indicate that buying momentum is increasing.
Binance Futures 50 USDT FREE Voucher: Use this link to register and get 10% commission discount and 50 USDT when trading with 500 USDT (limited offer).
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.
