The Ripple XRP has currently derived in the green area and is negotiated above $ 2.70 levels after winning 6% in the last 24 hours. According to an analyst, The price of XRP on the daily delay currently retains a large resistance zone between $ 2.65 and $ 2.80. This area has already caused several refusals, making it a crucial level to monitor the day to come. If the resistance at $ 2.80 is exceeded and returned to support, the next major resistance point would be around $ 3.
Potential optimistic model at stake
An escape greater than $ 2.80 could indicate the formation of a bullish “cup and sleeve” pattern. However, this model is not yet confirmed. For validation, a daily fence greater than $ 2.80 is required. If the escape occurs, the technical price target would be close to the summit of $ 3.37, just under $ 3.40.
Short -term perspectives: watch confirmation
For the moment, the price of XRP should continue to cope with the resistance around the range of $ 2.65 to $ 2.80. Another rejection of this level is possible, confirming an essential in small groups before supposing a bull movement. On the support side, XRP has a small level of support nearly $ 2.50. Below, the next significant support area is between $ 2.25 and $ 2.30.
Short -term bullish divergence: signs of relief
A short -term bullish divergence was confirmed, invalidating the previous lower divergence which took place during last week. The price had previously formed lower lower, while the RSI showed higher stockings, which means a potential for a bullish rescue gathering. This relief is currently taking place as planned. This divergence suggests more short -term increases or at least lateral price action with resistance nearly $ 2.80.
