XRP Technical Analysis on a 3-Day Timeframe
2024-08-09

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Now, let’s dive into this chart analysis:

In our previous analysis of XRP, we observed that the 50EMA and the 0.618 FIB levels were acting as resistance. The price eventually broke above these levels and reclaimed the resistance trendline at $0.63.

Currently, XRP is trending below the resistance level at $0.58. For XRP to continue its rally toward the local high range of $0.9380, it needs to break above this resistance trendline.

The support level at $0.41-$0.42 remains intact.

DYOR, NFA.

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