The support level at $1.35 has already been tested. On April 29, the XRP price dropped to around $1.34-$1.35 on the hourly chart before recovering to its current levels. This level held. A support level that has been tested and defended once is more significant than a level that has only been approached. The lowest point on April 29 was the first confirmation that $1.35 is a true support level, not just a theoretical line on the chart. The current price at $1.3867 is $0.0367 above the tested support level and $0.0633 below the resistance level at $1.45. The triangle is approaching closure.

XRP0.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin