XRPUSD - 4h Chart Analysis
Like most of the coins, the price also started to move sideways since the 24th of September creating a short term bullish channel.
With the RSI at 50 and with the Stochastic and MACD indicating a slight drop, the 2 possible scenarios seem to be as it follows :
1. The price will hit the support level of 0.5452$ and it will bounce back from it with targets at 0.5878$ (Pivot Level) and 0.6258$ (Resistance Level 1) in extension
2. The price will go through the support level of 0.5452$ and it will continue to decrease towards 0.49474 (Support Level 2)
With the RSI at 50 and with the Stochastic and MACD indicating a slight drop, the 2 possible scenarios seem to be as it follows :
1. The price will hit the support level of 0.5452$ and it will bounce back from it with targets at 0.5878$ (Pivot Level) and 0.6258$ (Resistance Level 1) in extension
2. The price will go through the support level of 0.5452$ and it will continue to decrease towards 0.49474 (Support Level 2)
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