Hello everyone, I invite you to the XRP to USDT chart in a one-day interval, as you can see the price has broken the downtrend line and is moving slightly sideways, bouncing off the local uptrend line.
Now we will check what supports we can take into account when the price starts to fall further and here we see that we have the first support at $0.37 if this support is broken we have another strong support at $0.31.
Looking the other way, we will also determine the resistance that the price has yet to overcome, as you can see, the first resistance is at $ 0.41, the next is at $ 0.44, then $ 0.47 and $ 0.51.
Looking at the CHOP indicator, we see that in the 1-day interval, the energy is very charged, and the MACD indicator indicates that we have entered an uptrend.
Now we will check what supports we can take into account when the price starts to fall further and here we see that we have the first support at $0.37 if this support is broken we have another strong support at $0.31.
Looking the other way, we will also determine the resistance that the price has yet to overcome, as you can see, the first resistance is at $ 0.41, the next is at $ 0.44, then $ 0.47 and $ 0.51.
Looking at the CHOP indicator, we see that in the 1-day interval, the energy is very charged, and the MACD indicator indicates that we have entered an uptrend.