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XRP/USD bears try to stabilize price after bullish breakout – Technical Analysis

XRP/USD daily chart

  • Daily XRP/USD chart breached resistance at $0.32 as the Bulls took over the market.  
  • The chart is looking to break past the 75-day simple moving average (SMA 75) curve.

XRP/USD 4-hour chart

  • The 4-hour XRP/USD market is trending above the 20-day Bollinger band curve.
  • Even though the last session was bearish, it is still above the Bollinger band which indicates a bullish market.

XRP/USD hourly chart

  • The hourly XRP/USD chart shows that the bears are mounting a fightback.
  • The sellers are trying to get the price below the $0.321 support line.
  • The moving average convergence/divergence( MACD) histogram shows that the market is getting less bullish over time.

Key Levels

  • Resistance 3: $0.3201
  • Resistance 2: $0.3144
  • Resistance 1: $0.3097
  • Pivot Point: $0.3040
  • Support 1: $0.2992
  • Support 2: $0.2935
  • Support 3: $0.2888

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