🔥🔥🔥 $XRP Price Maintains Support Level: What It Means For The Bulls
- Current Status: XRP climbed to the $0.4840 resistance, corrected, but found support at $0.4750.
- Trading Level: Above $0.4720 and the 100-hourly SMA.
- Trend Line: Bullish with support at $0.4760 on the hourly XRP/USD chart (Kraken data).
- Potential Breakout: An upside break above $0.4840 could boost bullish momentum.
Recent Price Movement
- XRP moved steadily above $0.4740, peaking at $0.4839.
- Corrected below $0.4800 and $0.4780, spiking below the 50% Fib retracement level from $0.4695 to $0.4839.
- Currently trading above $0.4740 and the 100-hourly SMA, supported by a bullish trend line at $0.4760.
Resistance and Support Levels
- Resistance:
- Initial: $0.4800
- Major: $0.4840
- Subsequent: $0.4880, $0.5050, $0.5120, $0.5250, $0.5320
Support:
- Initial: $0.4765 (trend line)
- Major: $0.4740 (61.8% Fib retracement and 100-hourly SMA)
- Further downside: $0.4640
Technical Indicators
- #MACD : Losing pace in the bullish zone.
- #RSI : Just below 50.
- Support Levels: $0.4765 and $0.4740.
- Resistance Levels: $0.4800 and $0.4840.
Source - newsbtc.com
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