XRP loses the critical support level of $ 0.5, here is the next declining destination (Ripple price analysis)
XRP loses the critical support level of $ 0.5, here is the next declining destination (Ripple price analysis)
The price of XRP has recently shown signs of weakness. It was clearly rejected against USDT and formed a fake bullish outbreak against Btc.
technical analysis
from: Edris
XRP/USDT-TACTART:
If you look at the USDT diagram, it is clear that the price of the resistance level of $ 0.60 was decidedly rejected.
The sliding 50-day average is the first potential level of support around $ 0.45 mark. Followed closely from the static level of resistance of $ 0.43 and the important sliding 200-day average, which are both about the same price. Although there are strong levels of support, the recent declining rejection for the Haussiers could still be worrying.
XRP/BTC-Tageniagramm
If we turn to the BTC diagram, it is obvious that XRP has not been able to break through the large descending sewer pattern. It was even rejected from the sliding 200-day average in the first attempt and fell back into the canal, which caused a fake interest bully outbreak.
The sliding 50-day average currently offers support around the 0.000017 satellite brand. Both the upper limit of the channel and the satellite resistance level of 0.000018 try to push the market further down. If the sliding 50-day average fails, the satellite support range of 0.000016 would be the next important level.
On the other hand, an interest bully outbreak from the channel would lead to the course of the course at short notice again the sliding 200-day average, which is located around the significant psychological resistance brand of 0.00002 SAT.
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