XRP lacks bearish pressure at the moment

price continues its consolidation between $0.28 and $0.29 price levels. The support line at the is set at $0.28300, however, a more important support level is $27800, if the price goes below that line on high volume and high momentum we may well see the current trend reversal. However, it seems that there is simply not enough interest to start a downtrend at the moment, as price continues its slow and gradual rally upwards.

Once MACD indicator on one hour chart will cross back into a bullish zone, the price can retest important psychological resistance at $0.30, possibly setting up a new resistance level in the region of $0.31-$0.32.

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