At the moment the rate of Ripple konsolidiruyutsya near resistance levels of $0.45 to$0.46. The tapered triangle has formed a resistance at $0.446 (hourly chart the pair XRP/USD). In the near future probable breakthrough $0.4280 or above $0.45 or below $0.428.
Analysis
After reaching a low of around $0.4, the rate of the second largest cryptocurrency, XRP, began again to move up. Along the way were overcome the resistance level of $0.418, $0.42, $0.43, and finally, the level of 23.6% Fibonacci retracement from the last recession $0.518 to$0.4.
However, the line resistance of $0.45 previously played a supporting role, proved a tough nut to crack. The bulls have made several attempts to gain a foothold above it, but every time there was a rollback to the previous position. To the current hour rate XRP / USD consolidated around $0.44. Another barrier for the bulls — $0.446 (resistance a narrowing triangle (hourly chart the pair XRP/USD).
Depending on who will take control of the situation into their own hands, the rate of XRP will go or above the resistance of $0.45, or below the support of $0.428. If you implement the second scenario, the next targets for the bears will be $lenses 0.425, $0.412 and then $0.4.
Performance review
Convergence/divergence (MACD) for the pair XRP/USD slowly moves in bullish zone. The relative strength index (RSI) is in the region of 50.
The main support level of $0.428 resistance is $0.45.
