The price of Ripple (XRP) has been slowly recovering steadily over the past few days. After leaving a convergence channel six days ago, XRP moved from about $ 2.30 to $ 2.57 at the time of writing this report. This basic procedure shows that buyers began to return, although there is still some frequency in the market. Trading pattern indicates moderate fluctuations such as Bulls and Bears key levels.
Yesterday, XRP opened near $ 2.50, reached $ 2.60, and briefly decreased to about $ 2.42 before closing near the place where he started. This shows a rope tightening, but with a slight edge to the upward trend.
Currently, the main support levels are on the graph for 4 hours at $ 2.54 and $ 2.50. If XRP holds these levels, the bulls may try to pay the price again. The short -term resistance is $ 2.60, which crowned the price movement yesterday. If XRP is broken above this level, you can follow more upward movement.
What the technical indicators say XRP
Let’s take a closer look at what Technical indicators Today, it appears, based on data from Investing.com. Each of these tools helps us to understand where momentum and feeling tend.
RSI (Relative Power Index) Sitting in 59.96. This measures the strength of the last price gains. Since RSI is less than 70 but above 50, it indicates a moderate bullish momentum. The matter has not yet excelled, so there is still room for upgrading.
Random (stochastic oscillator) It is in 40.98 and gives a He sells signal. This indicator is looking for potential momentum and repercussions. Since it is less than the 50 neutral area and is heading down, it hints to a possible weakness in the short term.
MACD (moving average rapprochement) It has a value of 0.016, which gives a He buys signal. This indicates that a short -term average is a little higher than the long -term average, which alludes to the bullish momentum.
ADX (average trend index) Read 36.39, which also gives a He buys signal. This does not show the direction of the direction, but how strong it is. Since ADX is higher than 25 years, it indicates that the current trend (up) is gaining strength.
The final oscillator It is at 51.24, and the other He buys signal. This combines the multiple time limits to measure momentum. Since it is above 50, it indicates that the bulls are slightly control.
What Ripple Animated Mediterranean says
The moving averages help to facilitate prices in prices and show us the general direction. This is what they suggest:
- MA20 (mobile average for 20 days) It is at $ 2.5609 and $ 2.5589 on simple and medium lines, both of which are given He buys Signs. This means that XRP is trading over the last average, which is usually bullied.
- Ma5 About $ 2.5201 and $ 2.5196. Both are also flashing He buys. XRP remains above these levels that confirm the short -term strength to the middle of the time.
- Ma100 It is at $ 2.4551 and $ 2.4532. XRP is much higher than this range, which indicates a strong medium -term support.
- Ma200 He sits at $ 2.3305 and $ 2.3835. These long -term averages that are less than the current price are a strong upward sign, indicating that the total trend is still higher.
Predicting at XRP price for today
With this combination of an indicator and intermediate intermediate data, here is how it can be revealed today.
Al -Swario Al -Swami:
If XRP keeps support at $ 2.54 or $ 2.50, and is able to break the resistance $ 2.60, the next upward goal may be about $ 2.65 to $ 2.70. Indications like RSI, Macd and ADX support this offer. A step will continue to be a recovery that started after the collapse six days ago.
Also read: Pi -coin prices predict PI for today (May 14)
Detaire scenario:
On the negative side, if XRP decreases to less than $ 2.50 and fails to restore it quickly, we may see a test of the lowest level of $ 2.42 than yesterday. The random sale sign shows that there is still some pressure pressure. A break below this level can pulling XRP closer to $ 2.35 again.
As of now, the XRP price expectations for this day tend slightly up, but merchants must monitor $ 2.50 and $ 2.60 to measure the next step.
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