XRP/USD 4-Hor Chart (Binance)- Source: Tradingvief
Will this Be the Decisive Move that End Up Breaking it? The fact that price has to recurn so many times to this level means that buying interest is quite weak. HENCE, The Price is Looking for Areas of High Liquidity Like this to find some Strength for the Next Leg Up.
This support is also relegant becuse it will mean a reest of a Former Trend Line Support for XRP from the which the price has bounced of on -one.
If Buyers show up, the price ely the 200-Period Exponential moving average (EMA) and head to the $ 2.33 resistance Next.
The Relative Strength Index (RSI) is Free-Falling and Seems Headed to Touch Oversold Levels. This means that the download is quite strong and this favors a scenario where the tokeen brokes below that is $ 2.10 Barrier.
In that case, the next super to watch. At this question, a Strong Bound Welf Be Highly Likely, Postibly to Retest the $ 2.10 Level from Below.
