XRP up against major resistance
XRP has recovered quickly since last week’s dump. However, it now has to get past resistance between 0.50 and 0.52 which has been a key level dating back to June.
If we are to see a sustained rally it will probably happen after 0.52 is broken and established as support. Until it clears this range there is little point being long.
Moving to the hourly chart, the key support level is at 0.46, below which the picture would turn bearish. Note that the volume has been very low since the initial rally earlier this week, and the price is tracking the rest of the market.
XRP’s next move will probably depend on Bitcoin’s, though the moves tend to more pronounced for XRP.
Source: https://cvesting.com/xrp-price-analysis-17-october-2018/
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