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The XRP price has been a nice rally in the last days. It was only two days ago that the price was $ 0.29, as the crypt markets rebounded towards the XRP price, followed by an increase of over 25%. With the resistance to $ 0.36 interrupted, what does the future hold for the resource?
XRP price looking for new support
The XRP briefly exceeded the resistance of $ 0.37 a few hours ago reaching a maximum of $ 0.39. In yesterday's XRP price analysis we said that "if XRP can hold the support line from $ 0.35 to $ 0.36, further upward momentum is expected." Here, yesterday's support line was quite well and combined with the cryptovalestese markets today XRP has experienced further momentum towards the top. Let's take a look at the technical details and see what there is in store for XRP.
Relative strength index: The current RSI has a healthy score of 60 points. It is a bit too high, however the market does not seem to be overbought and a further upward push is not unlikely.
Bollinger Bands: According to the indicator, it seems that the market is consolidating slightly. However, this can change quickly as we saw yesterday. The current resistance is around $ 0.40 and support is $ 0.36.
A rebound of support from $ 0.36 to $ 0.37 is not out of the question as the market will try to test the new support. Since we have already seen a resistance test of $ 0.40, it is not likely that the market will test this level before establishing new support. So far, the current price of $ 0.38 is holding up pretty well so that it could be the new support.
As mentioned yesterday, XRP has made great progress in finding key partnerships to test its financial solutions such as xRapid and xCurrent. Both Western Union and American Express have verified that they have collaborated with Ripple Labs to test their technology.
On another note, people wonder why Coinbase has not yet listed XRP? After all, their headquarters are only 6 minutes away from each other, so it's really a mystery as to why the two fail to reach some sort of agreement.
@Ripple is @coinbase it's exactly 6 minutes walk from the other …
We can have some common and mutual reasons on when #XRP will it be listed? #xrpnews #xrpcommunity #xrpthestandard #xrp #ripple $ XRP @XRPTrump @Baggehaglund @xrpcryptouser @XRPMichaelB
Let's RT 🏛️ pic.twitter.com/XVmqiAbzIA
– Lorenzo van Wyk (@_vanwyklorenzo) December 18, 2018
So far Coinbase supports the following resources: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and 0x. One reason for the delay in adding XRP support may be that it is not a cryptocurrency like any other but is a digital resource. This could have normative implications that are different from traditional cryptocurrencies. However, given the way XRP is personally looking for regulatory compliance, I do not see a reason why the two can not solve something.
XRPUSD Tradingview Charts
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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