- XRP price at the monthly chart is trading near the crucial supply zone, where the price may get rejections as volume activity is lower.
- Ripple is CMP above all the major moving averages of 20, 50, 100, and 200-Day lines and trying to suppress the supply zone of $1.00 to $1.12.
- The pair of XRP/BTC is trading at 0.00002245 BTC with an intraday increment of +1.68%, and the ratio of XRP/ETH is CMP at 0.0003216 ETH with a 24-hour change of +1.03%.
XRP price at the monthly chart is trading or struggling near the major supply zone of $1.00 to $1.12 levels. The coin witnessed strong buying interest from the lower levels, and the rally extends towards the monthly highs of $1.09.
The crypto asset over the chart is trading under the rejection or supply zone after a strong bullish momentum from the lower levels. While, XRP reclimbs the all major moving averages of 20, 50, 100, and 200-Day lines comfortably. Volume at the monthly chart is lower than the bullish momentum, which needs to increase in upcoming sessions. Support on the lower side is at $0.78 and $0.69, whereas resistance on the higher side is $1.12 and $1.24.
XRP price is suggesting a strong bull run in the current scenario
The weekly chart of XRP price is suggesting a strong bull run in the current scenario. The coin is trading higher with favoring the technical parameters for bulls, and the volume activity also increases. At the 4-hour time frame, the coin makes higher highs and lower lows patterns while showcasing positive momentum. Presently, the XRP price is trading at $1.03 with an intraday change of +5.15%, and the volume to market cap ratio is at 0.1392.
Relative Strength Index (Bullish): XRP price RSI presently indicates a slight bullish with caution over the weekly chart. In contrast, the RSI is trading near the overbought zone and now CAMP at 67.
Moving Average Convergence Divergence (Mixed): This currently indicates a mixed trend on the daily chart. The buyer’s signal line (blue) and the seller’s line (orange) overlaps.
Support levels: $0.78 and $0.69
Resistance levels: $1.12 and $1.24.
