XRP Technical Analysis on a 3-Day Timeframe
Updated
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
In our previous analysis of XRP, we observed that the 50EMA and the 0.618 FIB levels were acting as resistance. The price eventually broke above these levels and reclaimed the resistance trendline at $0.63.
Currently, XRP is trending below the resistance level at $0.58. For XRP to continue its rally toward the local high range of $0.9380, it needs to break above this resistance trendline.
The support level at $0.41-$0.42 remains intact.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
In our previous analysis of XRP, we observed that the 50EMA and the 0.618 FIB levels were acting as resistance. The price eventually broke above these levels and reclaimed the resistance trendline at $0.63.
Currently, XRP is trending below the resistance level at $0.58. For XRP to continue its rally toward the local high range of $0.9380, it needs to break above this resistance trendline.
The support level at $0.41-$0.42 remains intact.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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This isn’t XRP, it’s Bitcoin! This is the real alpha, and everyone needs to know it. Just leaving this here so it reaches as many of you as possible.
Thank you for all the incredible support so far! 🙏
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