Ripple extended its rally above the $1.200 resistance zone before correcting lower against the US Dollar. XRP price is now consolidating gains and it is likely to rally again above $1.400.
- Ripple rallied towards $1.50 before correcting lower against the US dollar.
- 价格现在远高于 $1.1500 和 100 简单移动平均线 (4-小时).
- There is a key contracting triangle forming with support near $1.3100 在XRP / USD对的4小时图上 (数据来自Kraken).
- The pair is likely to start a fresh rally if it clears the $1.400 阻力区.
Ripple’s XRP Price Remains Well Supported
在过去的几天里, ripple’s XRP saw a strong surge above $1.0000, unlike bitcoin and ethereum. XRP broke many hurdles near $1.200 to move further into a positive zone.
The price even rallied above $1.400 before the bears appeared near $1.485. 在附近形成高点 $1.481 and recently there was a downside correction. The bears were able to push the price below the $1.420 和 $1.400 支持水平.
在下面有一个休息 23.6% 斐波拉契回撤位从 $0.8598 摆动低到 $1.481 高. 然而, the price is still trading well above $1.250 和 100 简单移动平均线 (4-小时).
There is also a key contracting triangle forming with support near $1.310 在XRP / USD对的4小时图上. The pair is placed nicely above the 50% 斐波拉契回撤位从 $0.8598 摆动低到 $1.481 高.
好的方面, 的 $1.3800 level is an immediate resistance. 下一个主要阻力位于 $1.400 水平. A successful close above the $1.400 level is likely to start a fresh rally towards $1.500 和 $1.650.
Dips Limited in XRP?
If ripple fails to clear the $1.4000 resistance or $1.450, it could correct further lower. 下行方面的初步支撑接近 $1.3100 level and the trend line.
下一个主要支撑位在 $1.2500 水平. Any more losses might call for a drop towards the $1.120 即将举行的会议的支持区.
4-Hours MACD – The MACD for XRP/USD is slowly losing pace in the bullish zone.
4-小时RSI (相对强度指数) – The RSI for XRP/USD is still well above the 50 水平.
主要支持级别– $1.3100, $1.2500 和 $1.1200.
主要抵抗水平– $1.400, $1.450 和 $1.500.