Cryptolean Ripple XRP Update
Although, from technical perspective, XRP is in a bullish territory in the daily chart, it is also in the consolidation zone. Thus, it lacks the momentum.
XRP has to move to above $0.65-$0.675 for bulls to take control of the daily chart and push price to the previous local high at $0.93.
A daily candle closure above $0.675 will push XRP price towards $0.73 and, possibly, higher.
An inability to sustain the price action above $0.59 will result in price slowly declining towards $0.54.
The XRPUSDT 4-Hour chart is teasing the key intraday support of $0.62.
XRP will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and XRP won't be an exception.
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XRP has to move to above $0.65-$0.675 for bulls to take control of the daily chart and push price to the previous local high at $0.93.
A daily candle closure above $0.675 will push XRP price towards $0.73 and, possibly, higher.
An inability to sustain the price action above $0.59 will result in price slowly declining towards $0.54.
The XRPUSDT 4-Hour chart is teasing the key intraday support of $0.62.
- A reversal from its current price location is likely and a bullish rejection of $0.62 will push RippleXRP to the key intraday resistance zone of $0.68-$0.71.
- A bearish dip to $0.595 or, even better, to $0.57 and a bullish rejection could offer a long trade towards $0.68-$0.71 and higher.
XRP will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and XRP won't be an exception.
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