- XRP Price trading in the triangle pattern while following a sideways movement it is looking for a breakout and is placed under major moving averages
- The XRP/BTC pair is trading with a minor gain of +0.28%, standing at 0.000007616 BTC
XRP Price on the daily time frame is trading under a descending triangle pattern and is currently placed near the pattern’s resistance zone. XRP is placed under major daily moving averages(DMA) of 20,50,100 and 200, with a support on the downside at $0.22 and $0.18, while resistance on higher levels is placed at $0.32 and $0.38.
Kraken to Delist XRP, Post SEC Lawsuit
The SEC Lawsuit on Ripple has been harsh! While a series of Crypto exchanges have delisted XRP, following the party is another massive crypto exchange Kraken. Kraken has announced that it will delist XRP on January 29, 2021. Post XRP is delisted from Kraken; we can expect a significant price drop in the crypto.
Technical Indicators Reflect a Sideways Movement in XRP
XRP (XRP) price, after creating a double top pattern, slipped from higher levels of $0.36 and is trading at a price level of $0.2880 with an intraday loss of -1.55%. XRP finds critical support on the daily chart at $0.2750 and $0.2600. Similarly, resistance on the higher side is placed at $0.29 and $0.3050. Volume recorded in XRP in last 24-hour of $4,691,879,575 with marginal loss of -1.41%, while the total market capitalization stands at $13,075,502,348, which dropped over -1.42% in intraday.
Relative Strength Index (Bullish): The levels indicate a bullish momentum while trading at 46.97. Presently, XRP is trading flat and indicates no significant momentum. However, it is now heading towards the overbought region.
Moving Average Convergence Divergence (Bullish): The levels currently indicate a bullish trend on the daily chart as it gives a positive crossover.
Support levels:$0.22 and $0.18
Resistance levels: $0.32 and $0.38