Ripple (XRP/USD) price moved in an upward direction but failed to break $0.3158+ resistance zone (red line).
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has been resting above critical support level $0.03044-$0.03066 which needs to hold for further upside potential.
Ripple technical analysis today shows that it has been testing 200H-Moving Average which is acting as immediate resistance.
Ripple analysis today on 4-Hour chart shows that it has been under immense sell pressure and holding the $0.3042 price level is crucial for the market structure to remain bullish.
If we further do XRP analysis then one can observe that it needs to accelerate and penetrates through the Ichimoku cloud and retest for continued bullish momentum.
Stock-RSI is slowly trending towards oversold zone and MACD is slowly curving up with bullish crossover.
Further ripple price analysis illustrated that 200H-MA (Moving Average) and Ichimoku cloud might act as an immediate resistance in confluence with horizontal resistance zones.
Overall, Ripple analysis 2019 states that it has been under sell pressure and struggling to move upside strongly.
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2019-07-24 07:11:31.835318 | 2 min