- XRP coin price trend shows massive momentum during the intraday trading session
- The 24-hour trading volume is at $4,763 Billion
- XRP/BTC pair is trading positive by 7.6% at 0.00001816 BTC
The daily technical chart of the XRP coin projects a bullish trend. According to Pivot points (FIB), XRP’s crucial support level is $0.55. Conversely, if it moves up, the necessary resistance level to observe is at $0.77. Thus, while the intraday chart forms a bullish engulfing candlestick pattern, predicting prices are in an upward trend with high dependability.
The exponential moving average (EMA) composed of 20,50,200-EMA can be a reliable support for currency price changes. However, investors can observe prices breakthrough the 50- EMA but are below the orange line, ensuring a downward trend of coin price until it stays below the 200-EMA.
The volume of (13.084M) is above the MA of 20-days (8.724M). buying pressure is high in XRP coin, making its price remain around resistance zones. Investors may also observe diminishing volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
The Schaff Trend Cycle indicator (bullish) with a 98.40 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward slope in the index.
Ripple (XRP) Coin Maintains High Buying Volume
XRP coin price is at $0.72, with a daily gain of 14.2% and a weekly gain of 35%. In addition, the price is testing 200-EMA. The STC indicator shows a buy signal, and the traders have guided high buying pressure. Technically, the price is showing signs of positivity. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $0.77
Support Level: $0.55