XRP, the 8th largest cryptocurrency by total market capitalization, has now started to give important signals and move after a period of consolidation.
The XRP price came to the fore especially with its resistance to the recent declines and attracted the attention of investors. Alright XRP price What can happen in the coming days?
Latest Status for XRP Price
The bulls managed to stop the downtrend and $0.75 is an important support, at least for now. It seems that XRP is stuck between the $0.75 support and the $0.89 resistance and the consolidation has ended here.
If the XRP price can hold on to the support point, it can push the $0.89 resistance and break it to $1.
Even though XRP, which made this attempt on Thursday, could not break the resistance, it further endured the general decline of the market and did not even drop a needle at the support point. Looking at the technical indicators, it is seen that the RSI has fallen below the 30 level and the price has erased the effects of the decline on December 4th.
The MACD is similarly moving to the benefit of the bulls and XRP seems pretty safe as long as it doesn’t break below the $0.75 support.
Although XRP is a little more neutral at the moment, it seems that the bulls are one step ahead. In case of breaking above $ 0.89 on the basis of XRP / USD, the resistance points of $ 1, then $ 1.25 and $ 1.60 can be broken.
Especially according to the positive results in the technique, if BTC makes bullish attacks again, XRP is expected to recover fast.