Ripple Bullen who are trying to return to the city are $ 0.40 in sight? (XRP price analysis)
Ripple Bullen who are trying to return to the city are $ 0.40 in sight? (XRP price analysis)
rippleder price of has gone through an increased volatility in the last 24 hours and experienced fluctuations of around 15 % within a few hours. On the way, however, there could be more of it.
technical analysis
from: edris
XRP/USDT-TART
In the daily time frame, it is obvious that the price quickly fell towards $ 0.3 and quickly recovered how the considerable wick points down. The initial decline has been in the game since the price has been rejected several times by the moving 200-day and 50-day average.
The level of support of $ 0.3, which had previously saved the price from another crash, did this again successfully and pressed the cryptocurrency upwards.
At the moment, the sliding 50-day and 200-day average remain significant dynamic resistance levels around $ 0.37 or $ 0.39, with the $ 0.42 area being the critical resistance zone for the price in order to break for a rally at short notice. On the other hand, a falling below the $ 0.3 mark would be catastrophic, since there is also no current support available to tear around the helm.
Tradingview
XRP/BTC-Ta-type
Compared to Bitcoin, the price of XRP today went through a similar volatility, tested the satellite support level of 0.000018 and immediately exploded again. Nevertheless, the price between the sliding 50-day and 200-day average remains and tends around the 0.000022 satellite or 0.000022 satellite level.
While the price used to be climbed over the sliding 200-day average today, it could target the 50-day average near the significant static resistance level of 0.000022 SAT.
In the event of an outbreak through this area, a rally and an outbreak over the upper limit of the large declining flag would be expected, which would lead to a potential upward trend in the near future. Conversely, a decline under the sliding 200-day average would make a decline in the direction of the 0.000018 SAT and even the 0.000015 satellite support level. In view of the current market structure, however, the bullish scenario seems more reliable.
Tradingview
.