XRP Price Saved as It Bounces Over $1.3

Share

XRP is stabilizing around $1.38 above its key support zone between $1.30 and $1.35 following a remarkable rebound in August. The 50-day moving average is rising toward $1.28 while the daily RSI indicator stands around 55, in a neutral-to-bullish zone. The $1.30 level represents critical support that buyers cannot afford to lose, as a sustained breakdown would likely push the price toward the $1.20 to $1.25 area. Trading volume has significantly decreased compared to the exceptional levels seen during the August breakout. The next resistance zone lies between $1.40 and $1.45, and only a decisive breakout above this level with higher volume could reopen the path toward $1.50 and the August highs.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles