The price of XRP shows some positive signs, although it is still going through a short -term cold. At the time of writing this report, XRP is traded at $ 2.31 and looks to break some important resistance levels.
According to the latest analysis, XRP is still in a bullish direction on the daily chart because it continues to form the lowest higher levels and higher levels. This type of price movement is usually seen as a health mark in the market.
Meanwhile, the stock market and many other cryptocurrencies began a little bounce, which may support the price of XRP in the short term. In addition to this, Note analysts Early signs of the upscale difference on the 3 -hour relative index (RSI).
This happens when the price continues to move or remain flat, but RSI begins slowly in height, constitutes a higher decrease and higher levels. This is often an indication that the market can soon witness a short -term recovery or at least a break from its last inmate.
The main support and resistance levels to watch:
However, it is important to remember that this sign alone does not guarantee a large gathering. This may lead to a small escalating step or some side procedures for prices, giving traders and investors a break from recently seen pressure.
Looking at the largest image, XRP still holds a greater bullish direction on the daily time frame, at least at the present time. In terms of price levels, XRP faces light -resistant on a brand of $ 2.35, with more resistance expected at $ 2.44. The most powerful resistance area ranges between $ 2.55 and $ 2.62. On the other hand, XRP has great support between $ 2.10 and $ 2.15, along with another major support level of approximately $ 2.30.
