Yesterday the price of XRP was around 1,097 (close to the highs of the day), and then it retested the lows around 1 dollar, retrace completely and close to 1.12.
The resistances to monitor are: 1.60 and subsequently 2.01 dollars. While for the support: 0.88 and 0.60 dollar
Moving Averages
The two long-term moving averages (100 and 200) are currently flattening but remain equidistant from each other. The price in the last 24 hours is fluctuating on the fastest average (highlighted in blue).
Trend Line
The bullish trend line drawn from mid-December of last year, at the moment is no longer valid due to the decisive price-breaking rupture. .
Fibonacci
Tracing this indicator from December 12 of last year up to the maximum reached at the beginning of the year 2018 (at the price of 3.31 dollars), we can see how this digital currency broke down the Fibonacci 61.8% level. So the direction is clearly bearish and the next target could be 0.88 dollar .
Technical Indicators
Hourly MACD – The MACD for XRP/USD has reduced most of its bearish slope.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is once again moving lower and is currently below 50.
Major Support Level – $1.0000
Major Resistance Level – $1.0900
