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Key Features of Ripple Price The price of ripple has recently come down through short-term consolidation to test the bottom of its channel. The media seems to be waiting, so the price may be due to a pullback to the resistance of the downtrend channel from here. The Fibre retracement tool shows potential correction levels in which more bears might be waiting. The price of the ripple fell on the bottom of its descending channel on the 1 hour chart and could be due to a rapid correction. Technical Indicator Signals The 100 SMA is below the 200 long-term SMA to show that the path of least resistance is downward. In other words, the downward trend is more likely to resume rather than reverse. RSI is already indicating oversold conditions or that sellers feel exhausted. Turning higher could bring more buyers and allow the correction to take place. Similarly stochastic seems to have come out of the
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Ripple (XRP) Price Watch: Bearish Pullback in the Making