Ripple price is attempting recovery against US dollar but is it still in bearish zone or Bullish?
Come let's have a look on Ripple's Technical Analysis.
Seeing the chart ,Ripple has managed to cross it's resistance level of $0.46 and even crossed the $0.47 mark.
Now from here XRP is Bullish ,yes you heard it right.We can see a good rebound from here in XRP price against USD.
Now Ripple has a good support level on $0.46 & $0.47 as well and now the major resistance level of Xrp is at $0.49 & $0.50,if it breaks then we may see a good Bull run in Xrp .
Xrp is a coin that doesn't follows the trend of Bull run ,as you all saw past month when Btc was around $9800 ,Xrp was still not that high and we all know that Xrp has it's all time high of around $3.
TECHNICAL ANALYSIS
Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI – The RSI for XRP/USD is currently near the level of 50.
Major Support Level – $0.4650
Major Resistance Level – $0.5000
So my friends,if everything goes well like analysed we may soon see Ripple touching new all time highs.
I am holding some amount in xrp and wating it to be in bullish behavior. However not seen what is expected from it. No idea why its not increasing might be people lost interest in it regardless its 3rd largest in marketcap