Ripple Price Analysis: XRP Rangebound Following Last Week’s Crash, What’s Next?
XRP/USD – XRP Establishes Narrow Range
Key Support Levels: $1.05, $1.00, $0.95.
Key Resistance Levels: $1.14, $1.17, $1.25.
Since crashing from $1.40 last Tuesday, XRP has established a range between $1.05 and $1.14 over the past week. The support at $1.05 is provided by a .5 Fib and is now bolstered by the 50-day MA.
The cryptocurrency has dropped numerous times beneath $1.05 but has managed to close each daily candle above that line. On the other side, the resistance at $1.14 provided support in August and will need to be overcome in order to end the current range.
XRP-USD Short Term Price Prediction
Looking ahead, the first support lies at $1.05 (.5 Fib & 50-day MA). The next levels are at $1.00, $0.95 (.618 Fib), $0.92 (200-day MA), and …
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