XRP/USD– Bulls Struggling To Break Coming Down Pattern Line Resistance.
Secret Support Levels: $0.434, $0.4, $0.365.
XRP/BTC Daily Chart. Source: TradingView.
XRP-BTC Short Term Price Prediction
Progressing, if XRP slips below 1000 SAT, the first assistance lies at 980 SAT. This is followed by 867 SAT (upper limit of previous variety), 750 SAT, advertisement 670 SAT (2021 support).
On the other side, the first resistance lies at 1200 SAT (December 2017 lows). This is followed by 1300 SAT, 1550 SAT (November 2020 Lows), and 1800 SAT (200-days EMA).
The RSI is underneath the midline, showing weak bearish momentum within the marketplace. If it continues to drop lower, XRP will likely head beneath 1000 SAT.
Title: Ripple Price Analysis: Following 25% Weekly Gains XRP Facing Major Resistance
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Published Date: Tue, 09 Feb 2021 14:34:18 +0000
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Secret Resistance Levels: $0.47, $0.5, $0.556.
XRP is up by 25% over the previous week of trading. Last week, it surged higher from $0.365 as it pushed into resistance at a coming down pattern line that goes back to early December. It might not close above this trend line, making XRP roll over during the weekend.
The other day, XRP increased as low as $0.365 (.5 Fib), however it quickly recuperated and ended up closing the day at $0.45. Today, the cryptocurrency had actually increased above $0.5 but dropped lower as it battles with the coming down pattern line.
Key Resistance Levels: 1200 SAT, 1300 SAT, 1550 SAT.
XRP is beginning to show some weaknesses against Bitcoin. It had met resistance at 1300 SAT recently and has been gradually grinding lower.
Yesterday, it dropped beneath 1000 SAT however managed to finds support near 980 SAT (.786 Fib Retracement). Today, it is battling to stay above 1000 SAT, however it is not looking too promising with BTC striking ATHs.
XRP is up by 25% over the previous week of trading. Last week, it surged higher from $0.365 as it pushed into resistance at a descending pattern line that dates back to early December. It could not close above this pattern line, making XRP roll over during the weekend.
On the other side, the very first assistance lies at $0.434 (.236 Fib). Included assistance lies at $0.32 (200-days EMA) and $0.3.
XRP/USD Daily Chart. Source: TradingView.
XRP-USD Short Term Price Prediction
Looking ahead, the very first level of resistance lies at the coming down trend line, around $0.47. This is followed by $0.5, $0.556 (2019 Highs), $0.571 (1.272 Fib Extension), and $0.609 (1.414 Fib Extension).
On the other side, the very first assistance lies at $0.434 (.236 Fib). This is followed by $0.4, $0.365 (.5 Fib), and $0.35 (100-days EMA). Included support lies at $0.32 (200-days EMA) and $0.3.
The daily RSI remains above 60, suggesting weak bullish momentum in the market. If it pushes higher towards 80, it will supply adequate momentum for the present coming down trend line to be permeated.
XRP/BTC– Bulls Battle To Remain Above 1000 SAT.
Key Support Levels: 1000 SAT, 980 SAT, 867 SAT.