Analysis: XRP almost reaches $0.90, what next? – BLOX | News

The crypto market is having a hard time today, and that is not surprising after the recent increases. In any case, Ripple does not care about this. The altcoin has increased significantly in the past few days, and today a few hundred more have been added. Let’s look at the graphs.

How is XRP doing?

To analyze XRP, let’s look at the weekly chart first. Here each candle represents 7 days, so we can look far back into the price. This is important to check the strongest price point.

Above we see the price from April 2018. As you can see, there is one large gray area that has often provided support and resistance. This is around the price of $0.90, a price that XRP has almost reached today. So it is not surprising if the price comes down a bit here.

As is often the case with these types of price levels, the price changes direction when it lands here. And with the sharp increases in the past few days (including today), it is not surprising if we see a correction here. You never know how intense it will be.

However, it is also possible that XRP will rise above this zone again. That is the most optimistic scenario in the short term. In that case, the gray area could then provide support so that it does not fall further. We will have to wait and see what the price development will be in this price range.

Will XRP Rise Again?

Because if XRP starts to behave as well as it has recently, the future looks very bright. To explain this, let’s also look at the daily graph. Here each candle represents 24 hours. That way we can see the past price action in a little more detail.

This leaves another area of ​​recent importance to be clear. This is marked above as a green area. As you can see, this area was initially resistant, but when XRP finally broke above this, we saw a strong upward trend. The coin then found support here, which led to the rise to $0.90.

So it’s a case of waiting to see what the money will do in this crucial price range. We can go either way from here. So it is good to keep a close eye on the graph and these price levels.