XRP fights for $ 0.40, while bears start to stretch their heads (Ripple price analysis))

XRP fights for $ 0.40, while bears start to stretch their heads (Ripple price analysis))

rippleder Price from Bitcoin has increased in the last weeks after Bitcoin's rally. However, there are still considerable resistance levels that should be used before an upward movement in the market structure emerges.

technical analysis

from: Edris

XRP/USDT-TACTART:

on the daily USDT chart, the price after a recovery from the critical $ 0.3 brand recovered at the beginning of the month. Ripple is currently caught between the sliding 50-day and the sliding 100-day average and is around $ 0.37 or $ 0.39

If the sliding 200-day average is broken up, the significant level of $ 0.43 would be the next obstacle that should be removed before the market structure could be considered bullish at short notice.

The RSI indicator should also be observed closely because it could reach the overbought area and form a potentially declining divergence signal in the coming days.

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XRP/BTC daily diagram:

The market structure seems to be almost completely opposite on the paired BTC chart, since the price has recently fallen rapidly and has exceeded Bitcoin XRP.

The decline seems to be stopped because the satellite support level of 0.000018 keeps the price. In view of the possible declining crossovers between the sliding 50-day and the sliding 100-day average, the former tends down to the satellite level of 0.000021 downwards, the satellite support of 0.000018 could be broken down. This structure could drive Ripple’s course towards the lower border of the large declining flag and the critical 0.000015 satellite support zone.

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