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Ripple (XRP) Technical Analysis

XRP price bounced back from the downtrend line on October 21 and shows that the bears are aggressively defending this level.

Ripple (XRP)  price bounced back from the downtrend line on October 21, showing that the bears are aggressively defending this level. On the downside, the bulls are trying to keep the price above the moving averages. If the price bounces back from the current level, the bulls will try to push the XRP price back above the downtrend line. If they manage to do so, the XRP price could rally to $1.41. A break and close above this resistance could push the price towards $1.66. On the technical side, the flat MAs and the RSI near the midpoint suggest that XRP may spend some more time in the region. A break and close below $1 could clear the way for a possible drop to strong support at $0.85.

Ripple (XRP) Technical chart

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