XRP Price Analysis - August 22, 2018
At the time of writing, XRP price is currently sitting at $0.33 (meaning, we're right back to where we were two days almost down to the cent...)
Similar to its siblings, and since our last update, XRP dove down and tested the closes support level at $0.32. Fortunately and similarly to LTC it bounced back pretty quickly to get to where it is now. Honestly it looks like made a double bottom at $0.31 and out of the top 5 that we cover, it is still the one showing the most strength in this bear territory.
Right now we'd really be looking for another test of $0.35 with enough buying pressure. We're still seeing a possibility though of a spike through $0.37 rather than ranging after $0.35. On the downside, $0.31-$0.32 is where it's at currently in terms of a level to watch, below that and it's $0.30 followed by $0.28.
On the daily chart for XRP, technical indicators give a bearish outlook but improving... (12 sell, 10 neutral, 4 buy)
On the weekly chart for XRP, technical indicators give an unchanged bearish outlook (11 sell, 8 neutral, 3 buy)
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