xrp crypto stock

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 19th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 19th, 2021
Written by publisher team

for the next day

Litecoin will need to move across the $297 pivot to trigger the first major resistance level at $315.

Support from the broader market will be needed, however, for Litecoin to return to $315 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday high at $318.43 are likely to be capped for any upside move.

In the event of an extended breakout, Litecoin could test the resistance at $340. However, Litecoin will need a lot of support to break the 23.6% FIB of $322. The second major resistance level is located at $336.

A failure to move across the $297 pivot will trigger the first major support level at $276.

Barring another extended sell off, Litecoin should move away from the second major support level at $258. The 38.2% FIB of $265 should limit the downside.

Looking at technical indicators

First Major Support Level: $276

Pivot level: $297

First major resistance level: $315

23.6% Fib Retracement Level: $322

38.2% Fib Retracement Level: $265

62% Fib Retracement Level: $174

Ripple XRP

XRP for Ripple is up 6.46% on Tuesday. After posting a 3.12% gain on Monday, Ripple’s XRP ended the day at $1.59238.

A mixed start to the day saw Ripple’s XRP drop to an intraday early morning low of $1.47,311 before making any move.

Moving away from the first major support level at $1.3606, XRP of Ripple surged to an intraday high of $1.70425.

Ripple’s XRP broke through the 23.6% FIB at $1.5426 and the first major resistance level at $1.5966.

However, against the second major resistance level at $1.6979, Ripple’s XRP fell to $1.52 levels.

After finding late support, Ripple’s XRP again broke through the 23.6% FIB at $1.5426 to end the day at $1.59 levels. The first major resistance level at $1,5966 led to Ripple’s XRP being stabilized late in the day.

At the time of writing, Ripple’s XRP is up 0.24% to $1.59621. A mixed start to the day saw XRP drop to an early morning low of 1.57889 before climbing to $1.59835.

Ripple’s XRP left key support and resistance levels untested early on.

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