Ripple Price Technical Analysis - XRP/USD can be adjusted below
Key points
- The price of the rifle stormed the resistance levels $ 0.89 and $ 0.90 but fell against the dollar.
It is expected that the price will remain above the support level of $ 0.86
According to the hourly chart there is a confident uplink with strong support at $ 0.86
The price of Ripple is adjusted to the US dollar, as well as to bitcoin. However, the price should remain in the channel above the support level of $ 0.86.
Based on the schedule, the pair is trying to keep the support at $ 0.8600-0.8620. In this context, there is a risk of an extended correction of $ 0.8400. However, breakthrough levels of 0.88 and 0.89 will be able to overcome the correction.
The negative element at the moment is the indicator MACD and StochRSI. The MACD signal line crossed, indicating a downward dynamic. StochRSI is below 50, which also indicates a downward short-term dynamic. Watch the price.
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