Ripple (XRP) Technical Analysis: XRP Takes Pre-Rally Pol!

in Daily Crypto Updates • 3 years ago

XRP, which touched $ 0.70 during the day, came to the threshold of a critical turning point.

The leading cryptocurrency Bitcoin exceeded $ 35,000, adding movement to the market. While many altcoins have a chance to rise, XRP is slowly and surely trying to maintain its upward trend.

✍️Important Support and Resistance Levels in XRP
XRP price has risen 8% since July 2 and has returned to its current position. The bullish momentum is likely to continue to hold at current levels and ripple may attempt to surpass $0.704 and $0.727 respectively. XRP formed a local top at $0.734 on June 29. However, such a price action could trigger an 11% pullback.

xrpprice1.jpg

On the other hand, if the XRP bulls manage to break the $0.72 level strongly, the uptrend gains momentum. In this case, the bulls could initiate a rally above $0.78.

According to the daily chart data, the RSI is positioned at 44 while the MACD confirms the uptrend. XRP's technical chart data points to a possible rally. XRP price could see gains of over 10% if the bulls can successfully break the $0.70 zone and gain momentum.

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3 years ago in Daily Crypto Updates by
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