xrp price analysis
Further increase in the Bears’ pressure will make XRP to find its support at $0.30 demand level. In case the demand level of $0.30 holds, the XRP price will bounce and rally towards the north.
XRP price will rally to the north and make the supply level of $0.33 if the bullish candle breaks the $0.32 level close above it. Should the Bears prevail over the Bulls; the XRP price will decline towards $0.30 level and face the $0.28 demand level.
In case the Bears prevail over the Bulls the XRP price will decline towards $0.30, break the level and face the $0.28 demand level. Otherwise, the XRP price may still rally to the north.
The breakout of the XRP price either at the lower or upper trend line of the triangle is possible; the break out at the upper trend line will push the coin towards the supply level of $0.34 in case the $0.32 supply level does not hold.
If Bears push the coin to the lower trend line and the XRP price bounces, there would be a bullish rally and breakout at the upper trend line and the supply level of $0.32. If bears prevail over the bulls at the lower trend line, $0.30 support level is possible.
The breakout through the lower trend line is possible in case the support level of $0.30 does not hold and also the bears increase their momentum. Should the bulls defend $0.30 demand level, the XRP price will bounce and break out at the upper trend line.
In case the Demand level of $0.31 holds and the Bulls gain enough pressure, the XRP price will range towards $0.34 – $0.38. On the other side, the penetration of the $0.31 price level downside will make the XRP find its support at $0.28 demand level.
Increase in the bulls’ momentum will make the XRP price reach $0.38 supply level in case $0.34 price level is breached. Should the bears defend the $0.34 supply level, the XRP price may range back towards the previous low.
The bullish breakup of the $0.31 supply level with the candle close above it will make the XRP price find its target at $0.34 – $0.38 price level.
XRP price will found its low at $0.25 demand level in case the historical demand level of $0.28 does not hold, should the mentioned demand level holds, the coin will experience uptrend movement towards $0.38 price level.
