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Post:
- The $ 2.5 resistance rejected XRP bulls several times last week.
- It was possible to move to $ 2.26, but additional losses will be lowered down.
In the previous analysis, AmbCrypto explored how Ripple (XRP) 27% price rally could escape the table.
According to the entire chain indicator, whales are being sold, and the price behavior of XRP/BTC means that integration is more likely.
Since then, XRP has been trading within the short term. It also defended the main sponsorship of $ 2.29, but the price will be more obvious by price movement beyond $ 2.5.
XRP Bulls has one advantage to regain $ 2.5 in battle.
Source: TradingView’s XRP/USDT
In the last few months, trading volume has been higher in overall purchase pressure. The upward trajectory has slowed over the last two weeks, but this has been reflected in OBV.
Despite the loss of the previous range and weakness in the daily chart, there is hope for recovery.
RSI is less than 50 neutral and XRP has tested a $ 2.5 resistance area last week.
Source: TradingView’s XRP/USDT
Investigating the H4 chart resulted in a range of $ 2.3 to $ 2.5. In the H4 chart, OBV has fallen slightly as the price has been maintained in the last week.
The volume of trading was lower than that of February.
Source: COINGLASS
The liquidation heat map also emphasized the importance of the formation of short -term range. Two liquidation clusters close to the price were $ 2.26 and $ 2.54, beyond the extreme extremes.
Swing traders can use this information advantageously. You can find a reversal in these two clusters, and you can monitor a low time zone chart for tests to find long and short items.
Long -term prospects were optimistic because XRP successfully defended the reversal level of 78.6%. Movement of $ 2.5- $ 2.7 or later is a signal of the upward trend.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.