On an intraday chart, Ripple has clearly breached the uptrend against the US Dollar, which was afloat as it had hit a 7-week resistance. Although, an immediate bearish engulfing took the toll as it breached below the 20-day Lower Bollinger Band. Just when the price of XRP dropped below $0.222, it lost 50-day MA support and is yet to regain it steadily. With a positive crossover, in the trading session today, XRP has notably restored back to $0.22. Additionally, the 200-day MA support stays intact at $0.206 and is the major level to watch out for.
Technical Indicators
The MACD of XRP is taking a bullish divergence as the price rebounds to $0.22, and the MACD crosses above the signal line. The RSI is also inclined towards the overbought region at 54.74 and is awaiting a price spike to cross above 70, anytime soon.
