Ripple (XRP) is bouncing above $0.31 support despite being in a downtrend. In other words, the altcoin’s price is fluctuating between $0.31 and $0.40.
When the fluctuation range is exceeded, the cryptocurrency starts to trend. Everything indicates that sellers are trying to break the current support due to an unsuccessful upward correction. The price war between buyers and sellers has caused XRP to fluctuate above the existing support. On the downside, XRP will continue to fall to a low of $0.20 if the bears break the support at $0.31. However, if the price rises and breaks the barrier at $0.40, the altcoin will resume its uptrend. The positive trend will continue to a high of $0.50.
Анализа на индикатори на бран
For the period 14, Ripple is at level 38 of the Relative Strength Index. XRP is in a downtrend area and may continue to move lower. The price bars continue to trade below the moving average line, indicating a further decline in XRP. The daily stochastic is at 30, where the cryptocurrency is in a positive momentum. The bullish momentum is shaky at the moment.
Технички индикатори:
Главни нивоа на отпор - 0.80 и 1.00 УСД
Главни нивоа на поддршка - 0.40 и 0.20 УСД
Кој е следниот потег за Риппл?
As the downtrend weakens, Ripple prices are fluctuating. The price indicator predicts that XRP will continue to fall below the $0.31 support. XRP had an upward correction during the decline on November 9, and a candlestick tested the 61.8% Fibonacci retracement line. The correction predicts that XRP will fall to the 1.618 Fibonacci extension level, or $0.19.
Одрекување. Оваа анализа и прогноза се лични мислења на авторот и не се препорака за купување или продавање крипто валута и не треба да се сметаат за одобрување од CoinIdol. Читателите треба да направат сопствено истражување пред да инвестираат.
Извор: https://coinidol.com/ripple-0-20-low/