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Ripple price remains above the golden ratio support

 


The Ripple price is still at the golden ratio support at just under 0.85 USD. Does the XRP price bounce off it again?


The death cross in the daily rate remains intact

The XRP price remains above the golden ratio support at around USD 0.85. There Ripple seems to bounce off again. Nevertheless, the Death Cross remains intact in the daily rate and the MACD is also bearish. There the histogram is ticking bearishly downwards and the MACD lines also cross bearishly.


Ripple price could ricochet off the golden ratio support again

The EMAs death cross is also intact in the 4H chart. Here, however, the MACD is bullish and the RSI also only recently reached oversold regions. XRP could rise to around $ 1.3 if it now bounces off the golden ratio at $ 0.85.


Ripple price finds the next support at around $ 0.5

Should the golden ratio not hold support, Ripple will again find strong support at around USD 0.5. The 50-week EMA also comes to the rescue there. The MACD's histogram has been ticking bullishly upwards for the past two weeks. If the golden ratio support is not broken bearishly, the XRP price could rise to around USD 1.3, as Ripple meets the 0.382 Fib resistance there.


XRP price encounters further Fibonacci resistance


Should Ripple break this resistance as well, it will find the next significant resistance at around USD 2.1. There Ripple comes across the last golden ratio before XRP's price trend can officially become bullish again. Because XRP is currently in a correction phase that will only end when XRP breaks the resistance at USD 2.1 bullish. Then XRP could rise to the high point at around $ 3.3.


XRP course fails due to 50-month EMA

Against Bitcoin , XRP rebounded very strongly from the horizontal support between 0.0000045 - 0.000012 BTC. As a result, however, Ripple was rejected at the 50-month EMA at around 0.000031 BTC. Should XRP break this resistance, it could rise to 0.000098 BTC or even 0.00015 BTC. However, the MACD is more bearish and should XRP fail again at the 50-month EMA, it may return to horizontal support.

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