Technical Analysis XRP/USDT (Perpetual) — 6h Timeframe 📊
Analysis of the price structure for Ripple (XRP) after it re-tested key levels on the chart.
Metrics and Key Data:
Trading pair: XRP/USDT Perpetual
Current price: 1.3498 USDT (+0.57%)
24h High: 1.4323 USDT
24h Low: 1.3153 USDT
24h Volume (USDT): 1.29B
Moving Averages (MA): MA(7) = 1.3519 | MA(25) = 1.3934 | MA(99) = 1.3758
Chart Reading:
Liquidity Sweep and Rejection: Price rebounded strongly from the local support at 1.3153 USDT, creating an upside wick that tested the 1.4323 USDT area, where it met strong resistance.
Immediate Resistance Zone: The price pulled back and is currently struggling to consolidate above the MA(7) ($1.3519). Above it, the MA(99) ($1.3758) and the MA(25) ($1.3934) form an important dynamic resistance block to break.
Defensive Support: The area of the recent low at 1.3153 USDT acts as the main level to defend in order to maintain the bullish structure in the short term.
Do you think $XRP will manage to break through the moving-average barrier at $1.37 - $1.39 to retake $1.40? 💬👇
XRPUSDT
Analysis of the price structure for Ripple (XRP) after it re-tested key levels on the chart.
Metrics and Key Data:
Trading pair: XRP/USDT Perpetual
Current price: 1.3498 USDT (+0.57%)
24h High: 1.4323 USDT
24h Low: 1.3153 USDT
24h Volume (USDT): 1.29B
Moving Averages (MA): MA(7) = 1.3519 | MA(25) = 1.3934 | MA(99) = 1.3758
Chart Reading:
Liquidity Sweep and Rejection: Price rebounded strongly from the local support at 1.3153 USDT, creating an upside wick that tested the 1.4323 USDT area, where it met strong resistance.
Immediate Resistance Zone: The price pulled back and is currently struggling to consolidate above the MA(7) ($1.3519). Above it, the MA(99) ($1.3758) and the MA(25) ($1.3934) form an important dynamic resistance block to break.
Defensive Support: The area of the recent low at 1.3153 USDT acts as the main level to defend in order to maintain the bullish structure in the short term.
Do you think $XRP will manage to break through the moving-average barrier at $1.37 - $1.39 to retake $1.40? 💬👇
XRPUSDT
