Este artículo también machinist available in Spanish.
este artículo también machinist available in Spanish.
Community value remains in the positive zone above positive2.40 Mark. The price is consolidating and may seek a new rise above the 2.60 level.
#XRP price has started to decline from the 2.65 resistance zone.
price is currently trading above the 2.40 level and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (Kraken data source), a major bullish trend line has formed, supported by the value of 2.45.
If it overcomes the resistance above 2.550, the pair may begin a new growth.
The price of Xrp, as well as #bitcoin and Efirium began another rise above the resistance zone of 2.40. Movement was observed at levels Movement2.50 and levels2.55.
But the bears became active around 2.65. The high was formed at 2.64 and the price started to decline. There were moves below 2.55 and 5.50. The price fell below the 2.165% Fibonacci retracement level in an upward move from the low of 2.645 to the high of 23.6.
price is currently trading above the 2.40 level and the 100 hourly simple moving average. On the hourly chart of the XRP/USD pair, a major bullish trend line has also been formed, supported by the 2.45 level. The trend line is close to the 2.165% Fibonacci level, indicating an upward correction from the low of 2,645 yen to the high of 50.
If the price rises, resistance may occur near the resistance level of2.50. The first major resistance is near the level around 2,550. The next resistance is around 2,650. If the price rises above the 2,650 level, it might head towards the 2-2,750 level.
further rise might push the prices towards the resistance at 2,850 or around 2,920 in the short term. The next major obstacle for the bulls could be the level of 3.00.
More losses?
If XRP can not overcome the resistance zone at 2.
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