Here is the next support for XRP if $ 0.40 fails (ripple price analysis)
Here is the next support for XRP if $ 0.40 fails (ripple price analysis)
The price of XRP has not yet shown any noteworthy strength because it continues to be struggling in recent weeks to exceed a critical level of resistance. It doesn't look much better against BTC because a large level of support is broken down.
technical analysis
from: Edris
XRP/USDT daily diagram
on the daily chart, the price has been consolidated for some time in a tight span of the resistance brand of $ 0.43. The sliding 200-day average, which is around $ 0.4, offers support and prevents the price from falling further.
When the $ 0.43 mark is finally broken up, a rally could be expected in the direction of the $ 0.55. On the other hand, the sliding 50-day average, which tends around $ 0.37, would be the first potential support level in front of the key area of $ 0.3, which had previously stopped the cruel down trend several times.
Tradingview
XRP/BTC-Tageniagramm
compared to BTC, the cryptocurrency has declined in the past few weeks, and the level of 0.000018 was apparently broken down. A confirmation of this outbreak would possibly lead to a further decline in the direction of the support level of 0.000015 in the coming weeks.
In view of the fact that the RSI approaches the oversized area, the recent collapse of the level of 0.000018 could prove to be a fake. If the price rises again, an increase in the direction of the sliding 50-day and 200-day average lines is expected, which are around 0.000019 and 0.000020. Tradingview
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