XRP fluctuates between support and resistance.
Hello everyone, let's take a look at the 4H to XRP chart. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.74 if the support breaks, the next one is $ 0.69 and the next one at $ 0.63.
Now let's move from the resistance line, as you can see, the first resistance is $ 0.78, if you can break it the next resistance will be $ 0.84 and another $ 0.92.
Looking at the CHOP indicator, we can see that in the 4H interval, despite the move, there is still some energy for the next move. It is also worth paying attention to the MACD indicator where we can see that the blue line returns and if it crosses the red line from the bottom it can give a continuation of the uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.74 if the support breaks, the next one is $ 0.69 and the next one at $ 0.63.
Now let's move from the resistance line, as you can see, the first resistance is $ 0.78, if you can break it the next resistance will be $ 0.84 and another $ 0.92.
Looking at the CHOP indicator, we can see that in the 4H interval, despite the move, there is still some energy for the next move. It is also worth paying attention to the MACD indicator where we can see that the blue line returns and if it crosses the red line from the bottom it can give a continuation of the uptrend.
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