The XRP price has found a support of about $ 2.05 during the decline in the last market, and it is now at a price of $ 2.10.
Good news about the Ripple VS SEC case last month paid for a period of $ 2.50. But XRP soon fell victim to the broader market.
So where may the XRP price go today? Let’s take a look at some of the main technical indicators on the daily chart.
XRP scheme: technical indicators
RSI (Relative Power Index) is 39.124 The relative strength index shows more sellers than buyers at the present time, sitting under the center of 50. It is not then done in the sale area, which usually starts less than 30.
MACD (moving average convergence) (12,26) is -0.079 – This indicator is a little negative, and the declining momentum appears. The average in the short term has decreased to less than the average in the long run, pointing to a declining direction.
CCI (commodity channel index) It is -128.5523 This reading is much lower than -100, indicating that XRP has its role. This means often that the price can bounce soon.
Rights/lowest levels are -1573 – Its lowest levels are more than the highest highest levels at the present time. This negative number supports the feeling of the declining market.
The final oscillator is 40.4 – With a reading less than 50, this appears moderate pressure pressure across different time frames, but it is not extremist.
ROC (Change rate) is -8.057 XRP has lost about 8 % compared to its price for several periods. This confirms the descending batch.
Also read: Why are XRP prices though Ripple beat SEC?
Predicting at XRP price for today
Detate scenario
The price of XRP may continue to decrease today based on these indicators. MACD and ROC values show negative persistent pressure. If the sellers remain in control, XRP may test the support level of $ 2.05 again. If this collapses, we may see the price drop to about $ 1.90 to $ 2.00.
The climbing scenario
Even with most often downtles, hints that belong to Overold CCI XRP may rise soon. If buyers enter now, XRP can recover to about $ 2.15 to $ 2.20. Any good news in the broader encryption market may push XRP towards the resistance level of $ 2.25. However, the transition to above $ 2.50 seems unlikely today without some major positive news.
The overall picture tends to XRP today, but monitor the possible short -term bounces due to these excessive conditions in some indicators.
Also read: This prediction at the XRP price indicates $ 27 by June 2! Sloalai big eyes April
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