XRP faces a lower timeframe resistance region, can it punch through

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Dis­claimer: The infor­ma­tion pre­sent­ed does not con­sti­tute finan­cial, invest­ment, trad­ing, or oth­er types of advice and is sole­ly the writer’s opinion.

  • The H4 mar­ket struc­ture was bullish.
  • Momen­tum and demand could fuel a ral­ly toward $0.4.

Bit­coin showed a bear­ish diver­gence devel­op over the past few days between momen­tum and price action. This sug­gest­ed a pull­back was likely.

The FOMC meet­ing on 21–22 March could see high volatil­i­ty across the mar­ket. XRP has trad­ed with­in a range since Novem­ber. It had a bull­ish out­look at the time of writing.


Real­is­tic or not, here’s XRP’s mar­ket cap in BTC’s terms


The mar­ket struc­ture was bull­ish, but that does not nec­es­sar­i­ly mean the price will go to the range highs at $0.415 soon. Yet, it did sig­nal bulls had the upper hand after last week’s trading.

XRP needs to flip this lower timeframe zone of resistance to support

XRP faces a lower timeframe resistance region, can it punch through?

Source: XRP/USDT on TradingView

High­light­ed in red was a zone of resis­tance at $0.39 that has been impor­tant in the past two months. It act­ed as sup­port in mid-Feb­ru­ary, but over the past week, it has served as resis­tance. The RSI on the 4‑hour chart showed the RSI bounced from the neu­tral 50 lev­el. It indi­cat­ed the momen­tum remained on the side of the bulls.

The CMF was also above +0.05 and showed sig­nif­i­cant cap­i­tal flow into the mar­ket and backed up the argu­ment of buy­ing pres­sure strength­en­ing recently.

The mid-range lev­el at $0.374 act­ed as sup­port dur­ing the lat­est bounce. An H4 trad­ing ses­sion close beneath this lev­el would flip the mar­ket struc­ture to bearish.

At the time of writ­ing, the signs remained bull­ish. Low­er time­frame traders can wait for a flip of the high­light­ed resis­tance region to sup­port before look­ing to buy.


How much are 1,10,100 XRPs worth today?


More aggres­sive traders can look to sell the retest of the $0.39 resis­tance. They would need to mon­i­tor their risk strict­ly as the trade would be against the mar­ket struc­ture in the 4‑hour timeframe.

Bulls gather strength as the price ascended steadily

XRP faces a lower timeframe resistance region, can it punch through?

Source: Coin­a­lyze

The 15-minute time­frame showed the Open Inter­est surg­ing in the past few hours. The OI has been rapid­ly ris­ing over the past 24 hours and not­ed a rise of close to $20 mil­lion. Along­side the appre­ci­a­tion in XRP prices, the indi­ca­tion was that bull­ish momen­tum was like­ly in the com­ing hours.

The spot CVD has also climbed over the past 12 hours and showed low­er time­frame buy­ing strength as well. This could result in a break­out past $0.39 for XRP. In that sce­nario, $0.4 and $0.415 would become resis­tance lev­els to watch out for in the low­er time­frame charts.

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