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Key Features of Ripple Price The price of ripples has recently come down through short-term consolidation to test the bottom of its channel. it could be due to a pullback to the resistance of the descending 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 Technical Indicator Signals The 100 SMAs are below the 200 longer term SMAs 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, the stochastic seems to have emerged from the oversold region to signal a recovery in a bullish moment.
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Ripple (XRP) Price Watch: Bearish Pullback in the Making