In the day, XRP looks bearish. It is trading below a key resistance level on the 200-day moving average at $0.338. During the day, it has only pushed above this resistance level once hitting a high of $0.341. However, this level was quickly rejected, and the price reversed back below the 200-day moving average support level to hit a low of $0.336. If it breaks below $0.336 support on the 21-day moving average, then it could be headed lower, and could test the low of $0.327 in the day. That’s the lowest point it has hit in the last 5 days, a level that could offer key support in the day.
On the flip side, if the price of XRP breaks above the 200-day moving average at $0.338 and sustains above the day’s high of $0.341 for a few hours, then chances are that it could make further gains. Such a bullish push in price could see it test a high of $0.342 on the 55-day moving average, a level that could offer a significant level of resistance in the day. In essence, the key price level to watch is $0.338. As long as XRP holds below this price, the momentum will remain bearish.
XinFin has had a volatile week, but the momentum has been largely bearish. However, it is stabilizing in around $0.001488, which makes the possibility of a bullish surge highly likely. Volumes too are on the rise, an indicator that investors are buying into XinFin (XDCE) at this point in time.
In essence, if the price breaks above $0.001488, and volumes continue to rise, then there is a good chance that it could hit a high of $0.0015 in the next 24 hours. On the flipside, if the price breaks below $0.001446, then it could test lower levels. But this is highly unlikely given that the $0.001446 support has held for the last 5 days.
Stellar (XLM) has been pretty bullish in the day. It started the day at a low of $0.219 and has in the course of the day broken above the 200-day key resistance level at $0.2243. In the last 2 hours, it has sustained above this level, an indicator that the price could hold above it for the next 24 hours.
If it continues to gain above this price level, then it could test a high of $0.228. That’s a major resistance level, one at which it has experienced some lag in the last 2 days. On the other hand, if Stellar (XLM) breaks below $0.224 and pushes below $0.223, then there is a good chance that it could go lower with a target of $0.221 in the day. That’s the price level it has it has experienced significant support in the last 48-hours. Therefore, the key price to watch is $0.224, on the 200-day moving average.