Hi all,
Not a lot happening for XRP when it comes to technicals. We all know that the Ripple company registered terrible quarter results and experienced some internal selling, but these types of turmoils were always around when it comes to the biggest crypto startup.
They are not affecting the price though. The XRP/USD pair stays caught in the $0.215-$0.225 zone, gravitating around the 100-day EMA. I do not see anything interesting happening here at least until we reach and close above $0.23. Maybe we will see some change in behavior once the two long-term EMA's collide, which is about to happen in the coming days.
Up: $0.23 as the next target with $0.215 as a support level.
Down: 0.215 ->> $0.20
On the 1-h chart things look a lot more interesting. We can see that the price broke out of the falling wedge formation and now is heavily supported by the meeting point of all EMAs we use on the chart. $0.218 looks like a good buy zone up to $0.225.
Cheers,
Not a lot happening for XRP when it comes to technicals. We all know that the Ripple company registered terrible quarter results and experienced some internal selling, but these types of turmoils were always around when it comes to the biggest crypto startup.
They are not affecting the price though. The XRP/USD pair stays caught in the $0.215-$0.225 zone, gravitating around the 100-day EMA. I do not see anything interesting happening here at least until we reach and close above $0.23. Maybe we will see some change in behavior once the two long-term EMA's collide, which is about to happen in the coming days.
Up: $0.23 as the next target with $0.215 as a support level.
Down: 0.215 ->> $0.20
On the 1-h chart things look a lot more interesting. We can see that the price broke out of the falling wedge formation and now is heavily supported by the meeting point of all EMAs we use on the chart. $0.218 looks like a good buy zone up to $0.225.
Cheers,