- XRP token over the monthly chat looks positive while placed above all major DMA lines of 20, 50, 100, and 200-days.
- The crypto asset is getting stronger compared to other Alt-coins while plotting the Elliott Impulse Wave, suggesting bulls may touch $1.50 levels.
- The pair of XRP/BTC is trading at 0.00002041 BTC with an intraday loss of -5.27%, and the ratio of XRP/ETH is CMP at 0.0003224 ETH with an intraday change of -3.54%.
XRP token at the monthly chat is trading under the bullish momentum while making higher highs and lows. Meanwhile, the digital asset is placed above all DMA lines of 20, 50, 100, and 200-day. Volume over the monthly chart is lower and needs to improve for further upside momentum. The sustainability above all vital moving averages will resume an uptrend in upcoming trading sessions.
XRP finds a strong base at 100 and 200-day lines, while 20 and 50-DMA lines act as short-term support lines. The Elliott Impulse Wave also projects an optimistic scenario for long traders and can test the $1.50 mark soon. Support on the lower side is $1.02 and $0.92, whereas resistance on the higher side is $1.42 and $1.65.
XRP token at the weekly chart is trading under the bullish momentum
XRP token at the weekly chart is trading under the bullish momentum, while volume activity over the graph is slightly increasing. At the 4-hour time frame, the crypto asset is placed near its short-term support lines over the technical parameters. Presently, the coin is trading just above the baseline of Bollinger Band and struggling inside the upper band. XRP is trading at $1.15 with an intraday dip of -2.35%, and the volume to market cap ratio is 0.08383.
Relative Strength Index (NEUTRAL) – XRP token RSI is trading flat and trying to move high after correction from the higher levels. The coin is trying to move towards the higher zone with no sign of significant move and CMP at 55.
Bollinger Bands (NEUTRAL) – The coin is placed under the upper zone of the Bollinger Bands and is trying to hold its baseline (white). The band is already expanded; no sharp move in the upcoming trading session is expected.
Support levels: $1.02 and $0.92
Resistance levels: $1.42 and $1.65.