XRP Crashes 8% an dräi Deeg, Hei ass déi nächst Ënnerstëtzung (Ripple Präis Analyse)

XRP hasn’t created a higher high in the last four months. This shows that the bears are currently in control, and they show little to no signs of weakness. Since the CPI numbers for the US were published earlier this week, the cryptocurrency has lost about 8%.

technesch Analys

By GRizzly

Daily Chart

XRP’s daily chart reveals the formation of a symmetrical triangle pattern (in light blue). This pattern might be interpreted as bearish since it develops in the course of a downward trend. On the other hand, the 30-day Relative Strength Index (RSI) is stuck below the resistance of the descending line (in white). Since the beginning of August, this resistance has overlapped with the baseline (in yellow). It should be taken into account that when the RSI gains momentum over the baseline, it indicates that the bulls are in control of the market.

All three recent attempts by the bulls to break this resistance have been unsuccessful. Also, the buying pressure has also diminished gradually. For XRP to get back on the positive footing, it would need to break the considerable resistance at $0.4.

Schlëssel Support Niveauen: $ 0.30 & $ 0.24
Schlëssel Resistenzniveauen: $ 0.38 & $ 0.40

Deeglech bewegend Duerchschnëtt:

MA20: $0.33
MA50: $0.35
MA100: $0.34
MA200: $0.49

D'XRP/BTC Charts:

The 100-day moving average line (in white) on the XRP/BTC trading pair chart once again served as a support, preventing the pair from falling any lower. As a result, the bulls will likely get another opportunity to break through the resistance area between 1700 and 1800 SATs (in red). If successful, then the next barrier will be found at 2000 SATs. Alternatively, a break and close below 1520 SATs would mean investors are losing confidence.

Schlëssel Support Niveauen: 1520 SATs & 1370 SATs
Schlëssel Resistenzniveauen: 1800 SATs & 2000 SATs