- XRP price after the most awaited breakout from the cup with handle pattern is now heading towards the mark of $1.20
- XRP showcased a bullish momentum as it hits new 52-week high of $1.10, and it successfully placed above all major moving averages
- The XRP/BTC is trading above all the major moving averages, which is standing at 0.00001744 BTC with an intraday gain of +40.25%
XRP price hits the mark of $1.10 after a breakout from the cup with a handle pattern and currently trading above all the major moving averages of 20,50,100 and 200-DMA. The coin is in bullish momentum as it is trading at the new 52-week high of $1.10 and now has only major resistance of $1.50. The new support on the lower side is created at $0.89 and $0.77. However, the only resistance zone on the higher side is $1.45-$1.50. The major thing to look at is that XRP breakout is not supported by the volume and can retrace from higher levels.
XRP price is trading on a bullish note over the daily chart. In a 4-hour time frame, it is trading by making higher highs and lower lows. Currently, the coin is trading at the price level of $1.03 with an intraday increment of +43.35%. Similarly, the volume recorded in the last 24-hours jumped over +210.28%, standing at $34,452,690,957 and the total market capitalization standing at $46,742,494,219 with an intraday increment of +42.62%. For intraday, support on the lower side is placed at $0.90 and $0.78. Meanwhile, the higher side’s resistance is $1.10 and $1.24.
Relative Strength Index (BULLISH) indicates bullish momentum while trading at 86.62. However, it is present in the overbought zone after recovering from lower levels, and a short-term retracement is expected.
Moving Average Convergence Divergence (BULLISH) currently indicates a bullish trend on the daily chart, as it is trading with the significance of the buyer’s signal line (green) over the seller’s line (red).
Support levels: $0.89 and $0.77.
Resistance levels: $1.45-$1.50.
