BeyOglu - The Analyst
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$XRP could rally 10%, shows signs of recovery
#XRP trades at $2.3386 at the time of writing on Monday.
The altcoin gained nearly 2% on the day, and the momentum indicators on the daily price chart support gains in XRP.
The 50% Fibonacci retracement of XRP’s decline from the peak of $3.40 to the February low of $1.7711 — at $2.5856 — is a key resistance for the altcoin.
A rally to this level could mark 10% gains in XRP.
The RSI reads 48 and is sloping upward, while the MACD flashes green histogram bars above the neutral line.
In the event of a flash crash in Bitcoin, altcoins like XRP and Ether could face a correction. XRP could find support at the multi-month low of $1.7711 if there is a serious decline in the altcoin’s price.
#beyoglu #StrategySmallestBTC
#XRP trades at $2.3386 at the time of writing on Monday.
The altcoin gained nearly 2% on the day, and the momentum indicators on the daily price chart support gains in XRP.
The 50% Fibonacci retracement of XRP’s decline from the peak of $3.40 to the February low of $1.7711 — at $2.5856 — is a key resistance for the altcoin.
A rally to this level could mark 10% gains in XRP.
The RSI reads 48 and is sloping upward, while the MACD flashes green histogram bars above the neutral line.
In the event of a flash crash in Bitcoin, altcoins like XRP and Ether could face a correction. XRP could find support at the multi-month low of $1.7711 if there is a serious decline in the altcoin’s price.
#beyoglu #StrategySmallestBTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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