- XRP token price is getting strength over the monthly chart, as the crypto asset regains its vital DMA lines of 20, 50, 100, and 200-days.
- The crypto asset at the monthly chart jumps above its all major moving averages of 20, 50, 100, and 200-day lines, but the volume activity is lower.
- The pair of XRP/BTC is trading at 0.00002194 BTC with a 24-hour increment of +1.48%, and the ratio of XRP/ETH is CMP at 0.0003082 ETH with an intraday loss of -1.37%.
XRP token price over the monthly chart is trading above its vital moving averages of 20, 50, 100, and 200-day lines. The digital asset regains all major moving averages after witnessing strong buying interest from its 200-DMA support line. Currently, XRP bulls are seemed overpowering the bears as the token jumps above its short-term moving averages of 20 and 50-day lines. The sustainability above its short-term moving averages of 20 and 50-day lines, with supportive volume action, will boost more buyers. We can see more upside rally in upcoming trading sessions if the coin sustains above its 20 and 50-DMA lines.
Volume over the chart is lower and needs to improve for sustainable bullish momentum. Support on the lower side is $0.98 and $0.91, whereas resistance on the higher side is $1.14 and $1.25.
XRP token is trading on a positive note, with a solid bullish momentum
XRP token is trading on a positive note, with a solid bullish momentum from the lower levels. However, the volume at the weekly chart is lower and needs to grow strongly in upcoming trading sessions. The technical parameters are now turned sideways, after a strong upward trend from the lower levels. XRP is trading at $1.05 with an intraday gain of +2.02%, and the volume to market cap ratio is 0.07367.
Relative Strength Index (NEUTRAL): XRP token RSI is trading flat after gradually positive rally from lower or oversold levels. The coin is currently trading sideways near the higher zone and CMP at 65.
Moving Average Convergence Divergence (MIXED): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overlaps the seller’s line (red).
Support levels: $0.98 and $0.91
Resistance levels: $1.14 and $1.25.
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