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XRP Price Analysis on 1 Day Chart: Sideways Trading within Ascending Trading Chanel

#Ripple #XRP
  • XRP price continues the gradual upward movement
  • Liquidity above resistance
  • MACD about to print bullish crossover

1 Day XRP/USD price chart

XRP gradually moves upward within the ascending trading channel on the one-day trading chart. At the moment the price trades in the consolidation zone above an important resistance level of 30 cents. MACD indicator looks to print a bullish crossover in the near future and that will indicate a possible price increase to levels above $0.31600 resistance live. It is important to note that the price may also test resistance levels: $0.32700 $0.33150. Liquidity pools above those ‘higher high” levels are still untapped.

XRP price may search for liquidity below $0.28450 in the short term or even tap levels as low as 27 cents in case of increased supply.

Chart source: Tradingview

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