The cryptocurrency’s negative trend may carry on through the next couple of days as the Moving Average Convergence Divergence (MACD) line is attempting to cross below the MACD Signal line. However, Traders and investors will want to note that a significant bearish technical flag was on the verge of being triggered. Sellers May Continue to Force XRP Price Down In an extremely bullish scenario, the altcoin could rise to as high as $0.8570. This could lead to the cryptocurrency overcoming the $0.7595 threshold as well. To prevent this potential breakdown from happening, the altcoin will need to close a daily candle above $0.68 within the next 48 hours.Ī daily close above this major resistance level will allow the altcoin’s price to continue climbing in the next couple of days. Should bears force their price below this key support level, the remittance token may continue to drop to the subsequent mark of $0.5730 in the next few days.

This is significant given that it is also confluent with the $0.6235 support. Following this slight correction, the cryptocurrency’s value may be at risk of testing the 20 Simple Moving Average (SMA) line in the next 24-48 hours.

The XRP price returned to trade within the Bollinger Bands (BBANDS) indicator on the altcoin’s daily chart. XRP Price Enters Corrective Phase But May Breakout Soonĭaily chart for XRP/USDT (Source: TradingView ) This suggests that the XRP price may soon enter into an “upward trajectory,” with the RSI potentially reaching an “impressive 97” soon, according to the analyst. He also highlighted that the momentum oscillator has fallen back to within a bullish ascending triangle. In this post, he shared that the Relative Strength Index (RSI) indicator has retreated slightly. The recent drop recorded by the altcoin prompted EGRAG CRYPTO to publish the follow-up X post today.

He also added that a possible sign of this strong move to the upside will be if the altcoin’s price “triumphantly closes above the Fib 0.5 level at 0.57C with undeniable confirmation.”Ĭheck the below chart and you tell me what's Next! #XRPArmy STAY STEADY & HOLD YOUR GRIP WE ARE THE SPARTANS OF THE CRYPTO SPACE. “This meteoric rise is just around the corner, ” said the analyst in an X post on Sep.

Yet XRP price could rise to as high as $1.40, according to a cryptocurrency analyst and trader who goes by the X username EGRAG CRYPTO. The XRP price dropped 2% over the past 24 hours to $ 0.6499 as of 10:50 am EST. Join Our Telegram channel to stay up to date on breaking news coverage

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