- XRP price is trying to rebound after a minor pullback from the higher side over the monthly charts.
- The crypto asset over the monthly chart is trading on a bullish note while sustaining above the all vital moving averages of 20, 50, 100 and 200-day lines.
- The pair of XRP/BTC is trading at 0.00002663 BTC with an intraday gain of +5.44%, and the ratio of XRP/ETH is CMP at 0.0003908 ETH with a 24-hour change of +3.90%.
XRP price, at the monthly chart, is trading on strong bullish momentum, whereas the coin again started to move higher. The crypto asset witnessed a short term pullback over the chart, but the recent buying action pulls the coin higher. Moreover, the overall medium to long term trend is still bullish as the token manages to sustain above all major DMA’s.
The short term moving averages of 20 and 50-day lines give a positive crossover over the 100 and 200-day lines. Volume activity at the monthly chart is slightly improved and jumps above-average volume line, which needs improvement. Support on the lower side is at $0.9830 and $0.8480, whereas resistance on the higher side is $1.38 and $1.64.
XRP price at weekly chart is projecting bulls control over the counter
XRP price at the weekly time frame is projecting bulls control over the counter. In contrast, the coin recovers from the lower levels, and the technical parameters also favour bulls. XRP token is gradually gaining momentum from the lower levels, and soon the breakout above $1.38 will boost more bullish momentum. Volume at the 4-hour time frame is lower and falls below the average line, which needs to improve for the upcoming trading session. Presently, the XRP price is trading at $1.24 with an intraday change of +11.65%, and the volume to market cap ratio is at0.1254.
Relative Strength Index (BULLISH): XRP price RSI presently indicates a bullish trend over the weekly chart. In contrast, the RSI is heading towards the overbought zone after testing the lower zone and now CMP at 60.
Moving Average Convergence Divergence (BULLISH): This indicates a bullish trend on the daily chart after a positive crossover. The seller’s line (orange) is overpowering the buyer’s signal line (blue).
Support levels: $0.9830 and $0.8480
Resistance levels: $1.38 and $1.64.