XRP Falls Below Ichimoku Cloud: $1.33 Becomes Key Resistance
- —XRP fell 9% on September 15 after the CLARITY Act vote failed
- —Price is below the Ichimoku cloud boundaries: Senkou Span A at $1.3850, Span B at $1.3426
- —Current price is around $1.3010, with support at the 0.5 Fibonacci retracement of $1.2950
- —ADX at 35.28 indicates a strong trend, with +DI at 25.41 versus -DI at 17.18
Why it matters: Holding $1.2950 would preserve the structure, but a return above $1.33 is needed to cancel the bearish Ichimoku signal.
Source: Cryptonews.net