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XRP Price Moves Up On High Momentum

#Ripple #XRP
  • XRP is up by 1%
  • The price looks to retest $0.30 resistance
  • Liquidity at levels below $0.29

1 Hour XRP/USD chart

XRP price has gained 1% in 20 hours and continues to trade within a $0.29-$0.30 consolidation zone. At the moment we witness high momentum candlestick forming on one hour chart. It may be a strong indicator that price ready to restest $0.30 resistance and go above that level. MACD indicator suggests increasing buying pressure on both one hour and one-day trading charts. However, it is recommended to wait for the candlestick to close in order to see if it is not a fake breakout.

We may still see the price to look for liquidity and trap some “long” stop-loss positions below $0.2900 and $0.28500 levels. In case of increased supply XRP price may even retest $0.2800, but overall it still continues its uptrend within the ascending trading channel that formed at the end of September.

Disclaimer: Markets, instruments, and advice on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

The post XRP Price Moves Up On High Momentum appeared first on Latest Ripple (XRP) News & Price Analysis.



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