XRP Technical Analysis

XRP Price Analysis

200 Day Moving Average- $0.73

Immediate Resistance Levels-  $0.70

Immediate Support Levels- $0.55

Irrespective of the SEC proceedings, XRP is inching towards its resistance at $0.70. Persistent attempts of closing above the resistance have brought a sentiment of profit booking as XRP enthusiasts are still worried by possible SEC outcomes. The MACD indicator is showing a halt in bullish sentiment for the last two days, as XRP struggles to close above the $0.70 levels.

Based on our XRP price predictions, trading in a consolidation zone brings a scope of good short-term profit making scopes. Currently, it is a 10% zone bottoming out at $0.63, and RSI is also supporting this trend. For trading higher, XRP needs to breakout above the $0.75 range. 

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