XRP - USDT on 1D interval Resistance and Support
Hello everyone, I invite you to chart XRP in pair to USDT on a one-day time frame. Let's start by marking with the yellow lines the channel in which the price is moving and with the blue line the local uptrend line.
As we can see, the price turned around nicely around zero seventy-eight and returned to zero sixty-one.
Now let's check what current support we should consider and here we have the first support at thirty-seven cents, the second support at thirty-four cents, the third support at thirty-two cents and the fourth support at thirty-cents.
However, for the price to freely start to grow, it must overcome a strong resistance from forty-two cents to forty-six cents, only when it breaks above this area and tests it successfully, we will be able to see further increases.
It is worth mentioning that the energy on the CHOP index is strongly charged, the macdi indicator indicates that we are in the local uptrend, and on the volume, although it is small, we see the advantage of buyers.
As we can see, the price turned around nicely around zero seventy-eight and returned to zero sixty-one.
Now let's check what current support we should consider and here we have the first support at thirty-seven cents, the second support at thirty-four cents, the third support at thirty-two cents and the fourth support at thirty-cents.
However, for the price to freely start to grow, it must overcome a strong resistance from forty-two cents to forty-six cents, only when it breaks above this area and tests it successfully, we will be able to see further increases.
It is worth mentioning that the energy on the CHOP index is strongly charged, the macdi indicator indicates that we are in the local uptrend, and on the volume, although it is small, we see the advantage of buyers.