XRP is looking extremely bullish on a short-term outlook. In the long game, the timeframe charts show an incredible selling opportunity in the next three months. <\/p>\n
XRP looking bullish from a short-term perspective
\nPrice mid-point of $0.36 is now poised as both key resistance and support zones
\nRipple to target $1 next<\/p>\n
However, XRP bulls may need to wait a little longer for a breach to take effect.<\/p>\n
In June, the crypto was seen to breach the support key of $0.39. Since the support zone was breached, this same level was also poised as the key resistance. <\/p>\n
XRP price was also spotted to form a range from $0.3 to $0.41, with the mid-point set at $0.36 which acted as both the resistance and support zones.<\/p>\n
Related Reading: How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally<\/a><\/p>\n\n Chart from TradingView.com<\/a> In August, XRP is seen to try to breach the $0.39 level for two weeks. However, the bulls are running out of steam sending the price crashing down under the range\u2019s mid-point. The price dropped further down to the $0.30 level after a couple of days.<\/p>\n According to CoinMarketCap<\/a>, XRP price has nosedived by 0.12 % or trading at $0.3558 as of this writing.<\/p>\n Technical indicators for the token demonstrate a sudden twist in bearish foreplay. RSI has surged past 50 and hoisted it to act as support showing a strong uptick that could linger for the next couple of days.<\/p>\n More so, the Accumulation\/Distribution (A\/D) line was able to breach the key resistance level spotted in May which is a very critical development so far. <\/p>\n But, such development may not validate further progress above the $0.39 level. On the flip side, this would indicate that a breach is a possibility and could happen in a couple of weeks.<\/p>\n XRP\u2019s Chaikin Money Flow (CMF) also climbed, surpassing +0.08 showing remarkable buying activity.<\/p>\n Spike In XRP Demand Shows Bullish Stance<\/p>\n The sudden surge in the crypto\u2019s demand indicates that the bulls may have taken the driver\u2019s seat. However, a breach that would rip off the key resistance may take some time to happen.<\/p>\n Beyond the SEC issues, the challenge is breaching the resistance line that has been rock-solid since May 2021.\u00a0 <\/p>\n XRP has tested and failed this resistance zone many times but it\u2019s dead-set to retest it again. Flipping the resistance zone will definitely help hoist XRP to target $1 next.<\/p>\n XRP total market cap at $17.2 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n Featured image from Cryptocoin Spy, Chart from TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n XRP is looking extremely bullish on a short-term outlook. In the long game, the timeframe charts show an incredible selling opportunity in the next three months. <\/p>\n XRP looking bullish from a short-term perspective However, XRP bulls may need to wait a little longer for a breach to take effect.<\/p>\n In June, the crypto was seen to breach the support key of $0.39. Since the support zone was breached, this same level was also poised as the key resistance. <\/p>\n XRP price was also spotted to form a range from $0.3 to $0.41, with the mid-point set at $0.36 which acted as both the resistance and support zones.<\/p>\n Related Reading: How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally<\/a><\/p>\n Chart from TradingView.com<\/a> In August, XRP is seen to try to breach the $0.39 level for two weeks. However, the bulls are running out of steam sending the price crashing down under the range\u2019s mid-point. The price dropped further down to the $0.30 level after a couple of days.<\/p>\n According to CoinMarketCap<\/a>, XRP price has nosedived by 0.12 % or trading at $0.3558 as of this writing.<\/p>\n Technical indicators for the token demonstrate a sudden twist in bearish foreplay. RSI has surged past 50 and hoisted it to act as support showing a strong uptick that could linger for the next couple of days.<\/p>\n More so, the Accumulation\/Distribution (A\/D) line was able to breach the key resistance level spotted in May which is a very critical development so far. <\/p>\n But, such development may not validate further progress above the $0.39 level. On the flip side, this would indicate that a breach is a possibility and could happen in a couple of weeks.<\/p>\n XRP\u2019s Chaikin Money Flow (CMF) also climbed, surpassing +0.08 showing remarkable buying activity.<\/p>\n Spike In XRP Demand Shows Bullish Stance<\/p>\n The sudden surge in the crypto\u2019s demand indicates that the bulls may have taken the driver\u2019s seat. However, a breach that would rip off the key resistance may take some time to happen.<\/p>\n Beyond the SEC issues, the challenge is breaching the resistance line that has been rock-solid since May 2021.\u00a0 <\/p>\n XRP has tested and failed this resistance zone many times but it\u2019s dead-set to retest it again. Flipping the resistance zone will definitely help hoist XRP to target $1 next.<\/p>\n XRP total market cap at $17.2 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n
\nXRP Bulls Losing Aggressiveness?<\/p>\n
\nPrice mid-point of $0.36 is now poised as both key resistance and support zones
\nRipple to target $1 next<\/p>\n
\nXRP Bulls Losing Aggressiveness?<\/p>\n