XRP price – XRP price Analysis: XRP Trading in Symmetrical Triangle Pattern | Fintech Zoom

XRP price – XRP price Analysis: XRP Trading in Symmetrical Triangle Pattern

  • XRP over the monthly chart is trading in the symmetrical triangle pattern, while the breakout can generate a massive momentum in upcoming trading sessions 
  • The pair of XRP/BTC is trading sideways with a minor intraday gain of +0.20%, standing at 0.00001008 BTC 
Source: Tradingview

XRP price over the monthly chart has built up a symmetrical triangle. Volume over the graph is not much as indicating no major participation of buyers and sellers over the period. XRP price over the chart is trading above the all major moving averages of 20, 50, 100 and 200-Day, indicating its bullish momentum. Support over the monthly chart is placed at $0.49 and $0.38, while resistance on the higher side is $0.64 and $0.78.  

Source: Tradingview

XRP price over the monthly chart is trading on a bullish note. The coin is trading in the range between $0.49 to $0.60 while looking over the volume part, no major moment is seen. Support on the daily chart is situated at $0.49 and $0.44; meanwhile, resistance on the higher side is $0.62 and $0.69. The Bollinger band (BB) is expanding, indicating the major moment in upcoming trading sessions. However, presently XRP is trading in the upper band of BB, which can be considered a resistance zone. 

Relative Strength Index (BEARISH) indicates bearish momentum while trading at 58.82. Currently, it is heading towards the oversold zone, indicating its bearish momentum.  

Moving Average Convergence Divergence (BULLISH) currently indicates a bullish trend on the daily chart, as it is trading with the significance of the buyer’s signal line (green) over the seller’s line (red). 

Support levels: $0.49 and $0.38 

Resistance levels: $0.64 and $0.78

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XRP price – XRP price Analysis: XRP Trading in Symmetrical Triangle Pattern

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