Ripple XRP was in the TOP 5 cryptocurrencies waiting for a breakthrough this week.
15.2.2022 08:09
Cointelegraph.com experts have compiled the TOP 5 cryptocurrencies waiting for a breakthrough this week - those that are worth keeping an eye on. Among them was Ripple XRP. Ripple XRP broke out and closed above the moving averages on February 7th, indicating that the downtrend is coming to an end. The bears tried to bring the price back below the breakout level at $0.75, but the bulls prevented their attempt.
The price rebounded from $0.75 and the bulls began to try to push the XRP/USDT pair to the upper resistance at $1.00. A break and close above this resistance could open the doors to a possible upside to $1.41. The moving averages are on the verge of a bullish crossover and the Relative Strength Index (RSI) is in the positive zone, indicating that the buyers have the upper hand. This positive outlook is nullified on a breakout and closes below $0.75. Such a move would indicate that the bears continue to sell on the rally.
On the 4-hour chart, you can see that the bulls and bears are fighting around the $0.82 mark. The bulls pushed the price above that level, but the bears stopped the rally at $0.85 and brought the pair back below $0.82.
A secondary plus is that the bulls are buying the decline to the 50-SMA. If the price bounces off this support, the bulls will try to take the pair above $0.85 and challenge the resistance at $0.91. Conversely, a break and close below the 50-SMA could take the pair to $0.75. A break and close below this support could indicate the start of a deeper correction.
It was previously known that 100 Ripple XRP were being played on the Web.
The price rebounded from $0.75 and the bulls began to try to push the XRP/USDT pair to the upper resistance at $1.00. A break and close above this resistance could open the doors to a possible upside to $1.41. The moving averages are on the verge of a bullish crossover and the Relative Strength Index (RSI) is in the positive zone, indicating that the buyers have the upper hand. This positive outlook is nullified on a breakout and closes below $0.75. Such a move would indicate that the bears continue to sell on the rally.
On the 4-hour chart, you can see that the bulls and bears are fighting around the $0.82 mark. The bulls pushed the price above that level, but the bears stopped the rally at $0.85 and brought the pair back below $0.82.
A secondary plus is that the bulls are buying the decline to the 50-SMA. If the price bounces off this support, the bulls will try to take the pair above $0.85 and challenge the resistance at $0.91. Conversely, a break and close below the 50-SMA could take the pair to $0.75. A break and close below this support could indicate the start of a deeper correction.
It was previously known that 100 Ripple XRP were being played on the Web.