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XRP / USD Technical Analysis: The resilient and armored coin is attacked by bears

XRP, the currency that has recently taken the attacks from bears to which the rest of the market has surrendered, suffered a minor attack, losing some of its value in recent days. However, the currency has recently shown that it could prepare itself for a counterattack.

1 hour:

The short-term prospects for XRP show that the currency has a short support in the form of an uptrend from $ 0.394 to $ 0.407. A downtrend is dominating the game, represented in the price movement from $ 0.514 – $ 0.429 – $ 0.406. A support is visible at $ 0.393, with resistance at $ 0.413, a previous support level and $ 0.514.

The MACD is set for a bullish crossover, as seen by the movement of the MACD line to the top.

The Awesome Oscillator is recovering from a bearish race, gaining momentum for a bullish move.

The Aroon indicator reveals that the downward trend is losing power, which could represent a possibility for the bullish trend to regain power.

1 day:

An uptrend is visible from $ 0.269 to $ 0.40, due to the dizzying rise of XRP in Septemeber. A strong downtrend is visible from $ 0.894 – $ 0.55 – $ 0.50 – $ 0.40. Supports are set at $ 0.262 and $ 0.379, with resistors at $ 0.585.

The RSI is heading towards the oversold zone because recently there is more sales pressure.

The RVGI moves upward while the signal line remains constant.

The satellite dish SAR is bearish, seen from the presence of the points above the candlesticks.

Conclusion:

The coin seems to be ready to mount a counterattack on the realm of bears, as seen by the bullish calls on the 1 hour mark. The resistance at the $ 0.413 mark will certainly be tested, as will those at $ 0.514 and $ 0.585.


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Anirudh VK


Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and an interest in the future of blockchain and cryptocurrency technology. At the moment it does not have any cryptocurrency.


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