XRP got retraced rejected at the 38% Fib level, priced at $0.69. This level is also well defended by the red and pink lines, acting as a resistance.
Below that, we find the 23% level (at $0.63). All these mentioned lines are flat now, suggesting that Ripple may keep going sideways for the moment.
During the past 3 days, XRP briefly touched the 23% Fib level, before bouncing back to the next level, creating a period of consolidation in these ranges. This could be a trend continuation signal, if accompanied by a large increase in volume.
Volume on the daily chart is decreasing, since last days when this rally started, which signs a bearish divergence. RSI is neutral, at 50. MACD, on the other hand, is increasing positively.
If it fails, a further dip to retest the lower levels ($0.54), or the pink line at $0,67, is likely. Just below $0.54 levels, Ripple has $0.45 as a previous support region (the lowest point this year).
In another scenery, a break and close above $0.69 is needed for buyers to take control. The next stop for buyers could be around the $0.73 level, the %50 Fib level and the blue line. For this breakout though, we need a bigger volume to create enough momentum.
Below that, we find the 23% level (at $0.63). All these mentioned lines are flat now, suggesting that Ripple may keep going sideways for the moment.
During the past 3 days, XRP briefly touched the 23% Fib level, before bouncing back to the next level, creating a period of consolidation in these ranges. This could be a trend continuation signal, if accompanied by a large increase in volume.
Volume on the daily chart is decreasing, since last days when this rally started, which signs a bearish divergence. RSI is neutral, at 50. MACD, on the other hand, is increasing positively.
If it fails, a further dip to retest the lower levels ($0.54), or the pink line at $0,67, is likely. Just below $0.54 levels, Ripple has $0.45 as a previous support region (the lowest point this year).
In another scenery, a break and close above $0.69 is needed for buyers to take control. The next stop for buyers could be around the $0.73 level, the %50 Fib level and the blue line. For this breakout though, we need a bigger volume to create enough momentum.