- XRP price prints another 2021 high (35% gain today)
- XRP Price is facing massive trend channel resistance
- If $1.50 resistance breaks, XRP can reach $2 range.
XRP Market Update: XRP Price Breaks Key Resistance at $1.10
Ripple’s native token XRP has went through another wild ride surging almost 40% today. Price was let free after it broke key resistance of $1.10. Investors are continuing their XRP as the SEC case slowly falls apart.stance of
The price of XRP is up 170% in the last seven days as it aims to catch up on missed gains during this current bull cycle.
Other large cap coins have outperformed XRP tremendously the last 6 months. This may not be the case soon if XRP can continue thismomentum.
XRP Price Analysis: 4 Hr Chart
The XRP price has formed an , starting at $0.60 nearly a week ago. After a mind blowing 40% move the last 24 hours, price has reached a resistance at $1. 40 coupled with the top trend of its .
If the top trend of this channel can break along with resistance at $1. 40 , XRP will surge to $1.60+.
In contrast, If the bears can manage to gain more control, we can start to see XRP’s terror run cool off. If this becomes the case, expect price to retrace to support range of $1.13- $1.22. Although this seems the most reasonable, the XRP bulls haven’t showed signs of weakness just yet as tradingsurges to levels only seen a few times this year.
While looking at the, we can conclude buyers are still interested as the is staying in the overbought territory. This is when price moves fast and explosive. The tells a similar story as well. The histogram is continuing green ticks and is positioned to stay for more candle closes. The blue MA used in the is hitting levels that haven’t been seen in 2 years+.
XRP Price intraday levels
- Spot rate: $1.43
- Volatility: High
- Support: $1.23
- Resistance: $1. 40