XRPS best and worst-case scenarios, since $ 0.4 appear stable (ripple price analysis))
XRPS best and worst-case scenarios, since $ 0.4 appear stable (ripple price analysis))
The Ripple Prize has dropped in the last few months after a clear rejection of an important level of resistance. It is currently in a decisive area, and the result will probably determine the medium -term trend of the market.
technical analysis
from: Edris
XRP/USDT-TART
After the significant recovery in early May, the price recently recorded lower maximum and low. The declining reversal in the range of $ 0.6 has initiated the current downward trend, but the cryptocurrency is currently testing an important level of support for both $ 0.42 and the sliding 200-day average.
A falling below these values would be catastrophic rippleda the market quickly towards $ 0.3 and possibly even among them.
On the other hand, the sliding 50-day average near the $ 0.48 mark would be the first likely goal in the coming days. Tradingview
XRP/BTC-Ta-type
compared to BTC, the price is still caught in a large descending channel after he has not managed to break it several times. The sliding 50-day average near the level of 0.000017 was also broken down, and the support of 0.000015 is currently being broken.
A breakthrough of this level would probably lead to a lower decline in the direction of the level of 0.000013. The RSI also shows values below 50 %because the momentum is clearly in favor of the bulls.
Tradingview
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