The price of XRP shows positive signs, even if it always involves short -term cooling. At the time of writing the editorial time, XRP is negotiated at $ 2.31 and plans to break certain important levels of resistance.
According to the latest analysis, XRP remains in an upward trend on the daily graphic because it continues to form higher stockings and higher ups. This type of price movement is generally considered a healthy sign on the market.
Meanwhile, the stock market and several other cryptocurrencies have also started to bounce slightly, which could support the price of XRP in the short term. Adding to this, analysts noticed the first signs of a bullish divergence on the relative force index of 6 hours of XRP (RSI).
This happens when the price continues to move lower or remains flat, but the RSI slowly begins to increase, forming higher stockings and higher ups. It is often a signal that the market could soon see a short -term recovery or at least a break in its recent downward trend.
Key support and resistance levels to monitor:
However, it is important to remember that this signal alone does not guarantee a major rally. This could lead to a small movement up or to a side price action, giving traders and investors a breakdown of the recently observed lower pressure.
Looking at the situation as a whole, XRP still has a greater upward trend in the daily time, at least for the moment. In terms of price levels, XRP is faced with light resistance around the $ 2.35 bar, with more resistance expected at $ 2.44. The strongest resistance area is currently between $ 2.55 and $ 2.62. On the other hand, XRP has a significant support between $ 2.10 and $ 2.15, as well as another level of key support almost $ 2.30.
