[NEWS BLOG] Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 4th, 2021

"Ripple’s XRP"

 slipped by 0.59% on Monday. Following on from a 5.72% slide on Sunday, Ripple’s XRP ended the day at $1.55255.

A bullish start to the day saw Ripple’s XRP rise an early morning intraday high $1.62204 before hitting reverse.

Falling short of the first major resistance level at $1.6379, Ripple’s XRP slid to an early afternoon intraday low $1.50399.

The sell-off saw Ripple’s XRP fall through the 23.6% FIB of $1.5426

Finding support at the first major support level at $1.5064, Ripple’s XRP broke back through the 23.6% FIB to revisit $1.58 levels before easing back.

At the time of writing, Ripple’s XRP was down by 2.32% to $1.51655. A bearish start to the day saw Ripple’s XRP slide from an early morning high $1.55784 to a low $1.51345.

While steering clear of the major support and resistance levels, Ripple’s XRP fell back through the 23.6% FIB early on.

Posted Date: 2021-05-04
Source: https://www.fxempire.com/forecasts/article/ethereum-litecoin-and-ripples-xrp-daily-tech-analysis-may-4th-2021-726263

News Blog