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Ripple’s XRP is currently trading below the $ 2.50 mark and crawled into the red zone. The price of the XRP currently experiences a short-term drain from the support area, which lies between 2.25 and $ 2.30. According to the Josh analyst from the Crypto world, the XRP should have pierce below this level of support, with the daily closure of the candle below $ 2.25, the next level of watching would be around 1.95 to $ 2. For now, the price is held in this support zone.
Resistance level for watching
How XRP continues the bounce, faces the resistance between 2.58 and $ 2.73. This zone will be crucial to monitor. If XRP breaks through this resistance and closes above $ 2.73 on the daily chart, we could see the next resistance level around $ 2.95, and then 3.20 and 3.30 to $ 3.30 to $ 3.30. These levels will be great obstacles for the price to be overcome.
Bearish divergence: still active but paused
The larger bearish divergence is still in the game, which means it could be pressure on the price in the long run. However, there was not yet a clear signal to undo this bear divergence. In the short term, however, the bearish divergence is “in pausing”. This break could last for the next few days because the market sees slight relief from downward pressure.
Bullish Divergence on 8-hour chart
On the 8-hour graph, a bull divergence is formed. This means that although the price creates lower lols, the relative power index (RSI) shows larger latest. This is often seen as a signal for potential shift upwards or at least some side action. Historically, bull disparities like this weigh more difficult to play for several days, which could lead to a slight bullet in a short time in a short time.
