The price of XRP has been calm mostly over the past few days, trading between $ 2.05 and $ 2.15. The bulls and the bears seem ready to control because the broader encryption market is also quiet this week.
Let’s determine where the XRP price can go today.
XRP graph analysis
XRP is trading at $ 2.09 at the present time. The moving average sits for 200 days about $ 1.91, and the XRP price is higher than this line, which is a good sign for buyers. This moving average is slightly heading up, indicating an increase in support at these levels.
When we talk about the last price movements, XRP formed a round bottom after declining during March and early April. The price of the support area was bounced 1.91-1.93 dollars, which is located above the moving average for 200 days. When the prices rose up, the resistance reached $ 2.15, and now we see some side movement.
There is strong support at $ 1.91 -1.93 dollars near an average of 200 days. Another important support level is a sign of $ 2.00, which is a psychological level and a short -term horizontal support line. If this does not stick, the following main support sits at $ 1.85.
For resistance, XRP faces a short -term barrier at $ 2.15. A break above this can open the path to $ 2.25, and perhaps $ 2.40 after that.
Technical indicators
Read RSI currently 50.49, which is completely neutral. This means that the market does not show excessive conditions in peak or sale, and price movement can go in either direction.
In the daily time frame, MACD sits on -0.042, and shows a slight momentum, but it flattens. This can indicate a possible reflection or continuous side trading. CCI 36.26 reads, and it is moderately optimistic because it is higher than scratch but still less than 100, indicating poor purchase pressure.
Change rate (ROC) Positive in 1.385, and a modest escalating momentum appears. At the same time, the Energy/Bear Energy Index at -0.0114 sits almost flat, indicating that there are no buyers or sellers a clear advantage at the present time.
Also read: What can XRP deserve if you pick up Ripple 10 % of the size of the highway and the hidden?
Predicting at XRP price for today
If XRP is broken more than $ 2.15 with good trading volume, we can see Momentum Build quickly. The first goal will be $ 2.25, followed by $ 2.38 if the purchase pressure continues. Traders should monitor the bullish MacD Cross on the graph for 4 hours, the RSI climbs above 60, and the highest size to confirm this bullish step.
On the other hand, if XRP decreases to less than $ 2.00 and closed under this level, we may see a decrease of about $ 1.93 near the moving average for 200 days. If this is not done, the price may decrease to $ 1.85 as there is horizontal support. The signs of this landwriting include that MACD moves deeper into negative lands, a decrease in the relative strength index to less than 45, and a lower break than the 200 -day moving average.
The market looks currently balanced, with no bulls and no bears appears clear dominance. Traders should see these main levels and indicators of the following important price signals.
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