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XRP / USD – Bulls fighting to defend the 100-day EMA
Key Support Levels: $ 0.24, $ 0.23, $ 0.228.
Key Resistance Levels: $ 0.251, $ 0.261, $ 0.271.
XRP struggled to break a bearish resistance trend line earlier in the week near $ 0.26. As a result, the currency has started to decline in the past few days. Although it recorded a bearish peak, buyers defended the 100-day EMA at the closing price every day this week.
The previous triangle has been readjusted for continued lateral movement and XRP is still traded within the boundaries. A break below this triangle is likely to drive XRP back to the September lows of $ 0.22.
XRP-USD Short Term Price Prediction
Looking ahead, if sellers push below the 100-day EMA and the lower limit of the triangle, the first support level is $ 0.24 (200-day EMA). Below that, support is found at $ 0.23, $ 0.228 (.618 Fib) and $ 0.22 (September lows).
On the other hand, the first resistance level is found at $ 0.251 (bearish .382 Fib). Above this, resistance is found at the upper boundary of the triangle, $ 0.261 (bearish 0.5 Fib) and $ 0.271 (bearish .618 Fib).
The RSI has now fallen below the midline to indicate that sellers have taken on the momentum of the market. If it continues to fall, the selling momentum will increase and push XRP below the 100-day EMA.
XRP / BTC – XRP hits 34-month low against Bitcoin
Key Support Levels: 1800 SAT, 1780 SAT, 1755 SAT.
Key Resistance Levels: 1865 SAT, 1900 SAT, 1950 SAT.
The situation for XRP versus BTC is in a completely different scenario. The coin fell below the 1950 SAT support a couple of days ago and headed towards the 1810 SAT level today. In doing so, XRP has now reached lows not seen since December 2017.
With the coin looking so bearish, the downtrend is unlikely to stop there, and we will likely see it heading towards the 1700 SAT in the next few days.
XRP-BTC short term price prediction
Looking ahead, once sellers pass the SAT 1810 and pass the SAT 1800, the first level of support is at 1780 SAT. Below that, additional support is found at 1755 SAT, 1730 SAT, and 1700 SAT.
On the other hand, the first resistance level is found at 1865 SAT. Resistance at 1900 SAT (July 20th low), 1950 SAT and 2000 SAT follows.
Both the RSI and the Stochastic RSI are incredibly oversold. A bullish crossover on the Stochastic RSI would be the first sign that the coin is ready to rebound.
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