- XRP price after a massive selloff from the new 52-week high of $1.96 to $0.90, now seem to recover after creating a low of $0.90
- Currently, the coin is trading below 20 SMA and while holding DMA of 50,100 and 200-Day and built a strong base around $0.90-$0.77
- The pair of XRP/BTC also trying to recover from the significant selloff, which is standing at 0.0000226BTC with a +7.35% intraday gains
XRP price was traded in a strong downtrend due to massive selloff after the most awaited rally is now trying to recover from lower levels. After testing its new 52-week high of $1.96, the selling pressure is observed from the higher levels, which pulls it to the low of $0.90. However, the coin slipped sharply from higher levels and dropped below the short-term moving average of 20-Day. The volume over the monthly chart is gradually decreasing, which is not justifying the moment. Support at the lower side is placed at $0.90 and $0.77; likewise, resistance on the higher side is $1.40 and $2.00. Since a base seems to be formed in XRP, positive price action can be seen in the upcoming trading session at $1.35 and $1.60.
XRP price over the weekly time frame has formed a bearish chart pattern with the falling trend line. Meanwhile, a breakout from the symmetrical triangle pattern will create strong momentum in both directions. Similarly, support on the lower side is situated at $1.00 and $0.90, while resistance on the higher side is $1.30 and $1.50. Currently, the coin is trading positively at the price level of $1.13 with an intraday gain of +8.35%, and volume over the last 24-hour dropped nearly -40.63%, standing at $12,110,701,138. Meanwhile, the XRP remains at 4th position with total market capitalization stands at $50,940,491,367 with an intraday gain of +9.87%.
Relative Strength Index (NEUTRAL) indicates sideways momentum while trading at 39.62. However, it is present trading flat after recovering from lower levels.
Moving Average Convergence Divergence (NEUTRAL) currently indicates a flat trend on the daily chart, as both the lines of the seller’s line (red) and the buyer’s signal line (green) are overlapping each other. However, both the lines are not showing any sign of clear momentum at current levels.
Support levels: $0.90 and $0.77
Resistance levels: $1.40 and $2.00