XRP/USD Daily Chart. Source: TradingView. XRP-USD Short Term Price Prediction
Looking ahead, the very first resistance lies at around $0.72 (the upper angle of the flag). This is followed by $0.78 (200-day EMA & bearish.236 Fib),
$ 0.8282(2020 highs), and $ 0.9 (1.272 Fib Extension). On the other side, the first solid assistance beneath $ 0.7 lies at $ 0.658(50-day MA ). This is followed by $ 0.6,
$ 0.556(2019 high), and $ 0.51( – July low). The RSI is boiling down, indicating the bullish momentum developed towards the end
of July is fading. XRP/BTC – Bulls Continue Battle With 50-day MA. Key Support Levels: 1800 SAT, 1750 SAT,
1660 SAT. Secret Resistance Levels: 1900 SAT, 2000 SAT, 2120 SAT.
Versus BTC, XRP continues to have a hard time to break the resistance at the 50-day MA around 1900 SAT, which is likewise the July 2020 low.
The coin bounced from the 20-day MA at 1800 SAT at the start of August however is still yet to produce a daily closing candle beyond the 50-day MA. A long-lasting descending pattern line is also boosting the resistance at 1900 SAT.
< img class="size-full wp-image-132593" src="https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min.png" alt="xrpbtc-aug5-min" width="2908" height="1882" srcset="https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/08/xrpbtc-aug5-min-50x32.png 50w" sizes =" (max-width: 2908px )100vw, 2908px"/ > XRP/BTC Daily Chart. Source: TradingView. XRP-BTC Short Term Price Prediction
Looking ahead, the very first resistance lies at 1900 SAT (July 2020 low, 50-day MA, & & falling trend line). This is followed by 2000 SAT, 2120 SAT (bearish.236 Fib), and 2290 SAT (100-day MA).
On the other side, the very first assistance lies at 1800 SAT (20-day MA). This is followed by 1750 SAT (200-day MA), 1660 SAT (June support), and 1550 SAT (Nov 2020 low).
The RSI continues to fight to break above the midline as the bulls try to establish momentum. It would need to stay above the midline for XRP to be able to break the 1900 SAT resistance.