Calm before the storm of XRP? (Culture prices analysis)

The original Ripple code was traded in a wide wedge style, as it recently found support at the lower boundaries.

Until a decisive outbreak occurs, more unification is expected within its current range, which is determined by the moving average for 100 days and the support level of $ 2.

XRP analysis

by Shayan

Daily chart

XRP has been in a wide sporad pattern in recent months, as the support level of $ 2 is working as a strong defense line for buyers. This decisive price area is in line with the level of tradition of 0.5 Fibonacci, which enhances its importance. Meanwhile, Ripple faces a large resistance on a 20 -day moving average, which is likely to fill the offer.

As a result, the price remains limited to a narrow range near the lower border of the sorry, indicating constant unification in the short term. However, from a broader perspective, if XRP maintains support at this main level, the final interruption to the upward trend may lead to a new gathering.

The graph for 4 hours

In the less time frame, XRP struggled to overcome the critical resistance of $ 2.8, leading to repeated rejection. Recently, the price has decreased in a liquidity area by selling without the lowest level in the previous market, which led to the recovery of a sharp rise. In addition, Ripple formed the science pattern ascending and found support on its lower borders.

This basic procedure indicates continuous liquidity and market cooling, which may allow smart money to accumulate. If the recovery is achieved at this decisive level, you will probably follow the resistance test.