The XRP price has reached a high of $2.87 and is currently paused after retracing and finding support above the 21-day SMA. The uptrend will continue if the 21-day SMA support holds and the resistance at $2.80 is broken. If successful, XRP could rise to the next resistance at $3.30. However, if the $2.80 barrier is not broken, the current price range will remain. On the downside, XRP will fall if the bears break the 21-day SMA support, potentially reaching the 50-day SMA or the low at $1.40. The price bars have remained above the 21-day moving average line, indicating significant buying pressure and a current uptrend. On the 4-hour chart, XRP has been moving sideways between $2.00 and $2.60, with doji candlesticks dominating the price movement. This analysis and forecast are personal opinions and not a recommendation to buy or sell cryptocurrency. Readers should do their own research before investing.
- Content Editor ( coinidol.com )
- 2024-12-14
XRP Takes A Break And Prepares For A Possible Rally To $3.50