A correction came into the picture, forcing Ripple to explore the area under $1 again. The previous support at $0.9 played an essential role in preventing declines from extending further. Meanwhile, XRP trades at $0.95 amid, as bulls plan another takeover.
Ripple eyes another liftoff past $1
XRP bulls might have lost the fight above $1 but remain relentless in the mission to hit higher levels at $1.2 and $1.4. The technical picture currently sends mixed messages, especially with the Moving Average Convergence Divergence ( ) stuck under in the negative region.
This technical indicator identifies positions to buy the dip and sell the top. For instance, a buy signal occurred following the bounce from last week’s support at $0.65. The call manifests by the line (blue) crossing above the signal line.
A break above $1, a resistance highlighted by the 50 ( ), would call more buyers into the market. A surge in the tailwind force is bound to bolster Ripple past the critical $1.2 level and perhaps resume the uptrend heading to $1.4.
Ripple intraday levels
Spot rate: $0.95
Support: $0.9, $0.8 and $0.65