The price of Ripple ($XRP ) touched the $2.2 level before sellers returned.
Main support levels: $2
Main resistance levels: $2.3, $2.6, $3
1. The bullish trend has stopped
As expected, buyers returned to the support level at $2 and pushed Ripple towards a bullish trend. However, this trend halted as the price approached the $2.2 level. It seems that the bulls are struggling here, allowing sellers to regain control over the price movement and push this cryptocurrency towards a pullback.
2. Momentum is Bullish
Momentum is Bullish
Even if the price of $XRP hasn't reached a higher peak yet, momentum indicators on the daily timeframe have turned bullish in the past few days. This is encouraging and may indicate a breakout above the $2.3 resistance level, despite any pullbacks at the moment.
3. Higher Highs on MACD
Higher highs on the MACD
While the price needs more time to record higher highs, the daily MACD has already turned bullish and is recording higher highs. This is a bullish signal, and the price may reflect the MACD performance in the coming days. Unless selling intensifies here, there is $XRP
A good opportunity to test the $2.3 level or even $2.6.
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