XRP remains bullish against Bitcoin after the promising 5% increase over the past week reaching a new price of $0.25. The latest increase is mainly because XRP rebounded against BTC and it even continues to break above the resistance of 3100 SAT level as read in the analysis for the xrp news today.
The coin struggled for more than three months and dropped a huge 36 percent. however, the market now looks that it is ready for the bullish recovery. XRP remains bullish against Bitcoin and it is still the third-largest cryptocurrency with a market cap of $10.87 billion according to the charts. Since the previous analysis, XRP continued to struggle to break the resistance around $0.2584 and now entered a sideways action. The nearest level of resistance above the $0.26 price lies at $0.27 and the further levels can be expected at $0.2811 and $0.29. the nearest level of support at the downside lies at $0.25 and beneath this, the support can be found at $0.24 and $0.23. the trading volume has seen a slight increase but is still relatively low. The RSI is battling the 50 levels and if the bullish trends manage to push higher, XRP has to see an RSI rise and break above it to prove that the bulls are in control over the market momentum.
The stochastic RSI produced a major bullish crossover sign which shows that the market is expected to head higher. Against Bitcoin, XRP seems to be on the bullish side and the coin is trying hard to break above the resistance at 3112 SAT provided by the 236 Fibonacci retracement level. XRP struggled to break above the level over the past three months.
Looking at the XRP price from above, the resistance above 3112 SAT is now lying at 3200 SAT which is provided by the 100-days EMA. The higher resistance can be expected at 3270 SAT and 3570 SAT. Above this level, the resistance can be found at 3666 SAT and 3800 SAT. Beneath this level, the support lies at 2800 SAT and 2600 SAT. The trading volume as per the charts in our cryptocurrency news still remains low but it shows some signs of increasing and the RSI remains above the 50 level which shows bulls are coming back.
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