Hi Friends
This past week, we saw a standing retrieval in the XRP/USD pair from the swing low price of $0.2980. The pair broke the $0.31 and $0.315 resistance levels, climbing up to $0.32. It traded as high as $0.3232, but later started a downside movement. There was a bearish momentum below the $0.3150 support and the 100 hourly simple moving average.
The price broke the 50% Fib retracement level of the last wave from the $0.2981 low to $0.3232 high, resulting in more losses and price decline to $0.3100.
MACD: Slowly gaining momentum in the bearish zone.
StochRSI is now below the 30 level with a bearish bias.
Resistance line : 0.3077 , 0.31061 and 0.31224
Support line : 0.30025 and 0.29643
Market Capitalization dropped by 2.84% to USD12.6B
This past week, we saw a standing retrieval in the XRP/USD pair from the swing low price of $0.2980. The pair broke the $0.31 and $0.315 resistance levels, climbing up to $0.32. It traded as high as $0.3232, but later started a downside movement. There was a bearish momentum below the $0.3150 support and the 100 hourly simple moving average.
The price broke the 50% Fib retracement level of the last wave from the $0.2981 low to $0.3232 high, resulting in more losses and price decline to $0.3100.
MACD: Slowly gaining momentum in the bearish zone.
StochRSI is now below the 30 level with a bearish bias.
Resistance line : 0.3077 , 0.31061 and 0.31224
Support line : 0.30025 and 0.29643
Market Capitalization dropped by 2.84% to USD12.6B