XRP price started a new increase above the $ 3,020 resistance. The prize now shows positive drawing and can win pace if it knew the $ 3,120 zone.
- XRP price moves higher of the $ 2,980 support zone.
- The price is now traded above $ 3,020 and the 100-hour simple advancing average.
- There was a break over a rising channel with resistance at $ 3,070 on the hour table of the XRP/USD pair (data source of Kraken).
- The couple can start a new increase if the price knew the $ 3,120 zone.
XRP prize attempts a new increase
XRP price extended losses under $ 3.00 before the bulls appeared, such as Bitcoin and Ethereum. The price tested the $ 2,980 zone and recently started a recovery wave.
There was a movement above the levels of $ 3.00 and $ 3,020. The price climbed above the 50% FIB retracement level of the downward movement of the $ 3,185 Swing high to $ 2,957 low. In addition, there was a break over a rising channel with resistance to $ 3,070 on the hour table of the XRP/USD pair.
The price is now traded above $ 3,080 and the 100-hour simple advancing average. If the bulls protect the support of $ 3,050, the price can try a new increase. At the top, the price facial resistance near the level of $ 3.10 or the 61.8% FIB retracement level of the downward movement of the $ 3,185 swing high can high to $ 2,957 layer.
The first major resistance is near the level of $ 3,120. A clear movement above the $ 3,120 resistance can send the price to $ 3.20 resistance. More profits can send the price to the $ 3,2320 resistance. The next big obstacle for the Bulls is perhaps almost $ 3,250.
Another decline?
If XRP did not know the $ 3,120 resistance zone, it can continue to move. The first support at the disadvantage is near the level of $ 3,070. The next major support is near the level of $ 3,040.
If there is a narrow break and an end below the level of $ 3,040, the price can continue to fall to $ 3.00. The next major support is near the $ 2,980 zone, including the Price Bearish Momentum.
Technical indicators
MACD per hour – The MACD for XRP/USD now wins pace in the bullish zone.
Picly RSI (relative strength -index) -The RSI for XRP/USD is now above 50 -level.
Important support levels – $ 3,040 and $ 3.00.
Important resistance levels – $ 3,120 and $ 3.20.