Analisis Harga Ripple 25 Mei: Target $ 1 Tidak Tercapai
Ripple cryptocurrency consolidated after last week's fall, but despite an 8 percent rise, seller pressure did not let the coin rise above $1
The digital asset is traded at $0.93. Critical support at $0.82 did not allow the token to fall lower during the day's trading. The next support on the chart, in the case of a bearish trend, will be $0.75 and $0.65.
For a couple of hours, XRP overcame resistance at $0.89 (level 0.236 Fibonacci) and raised today's high from $0.872 to $0.93. However, in the area of $1 bulls face strong sales pressures. Therefore, this level is a strategic resistance to the further growth of the cryptocurrency.
The current period of consolidation came after a narrow trade in the channel formed by Bollinger Bands. XRP traded at $1.1 to $0.68.
In the long run, there is a bearish trend on the charts. Despite today's increase in the price of the token and the fact that the bulls have protected the support level of $0.75, the situation remains unsustainable. RSI is at 45 and growing, indicating that the asset is coming out of a state of oversold.
If the bearish momentum weakens, it is possible to grow more than $1. This will be a good sign for the cryptocurrency, which will be able to restore its price. This is indicated by the level of MACD, which shows a slight intersection in the short term.
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