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A look at the Ripple weekly chart in logarithmic form shows that the price has dropped from the January 2018 high of around $ 3.2 to nearly $ 0.3.
It's a bit of support in the $ 0.3 area, and it's worth noting that in September there was a rebound with a strong volume (yellow arrow), the & # 39; last time the price was at this level.
If the $ 0.2 level breaks down, the next support level will be around $ 0.13.
Long-term Outlook
According to the weekly chart, we can see that the MACD has made a bearish cross.
Moreover, the price is facing the resistance of both the moving averages of the period 7 and 21 and a very thick projected cloud.
The RSI is close to 40, it does not indicate oversold or overbought conditions.
Medium-term Outlook
Turning to the 3-day chart, we can see that the 7 and 21 periods are very close, in the sense that either they will make a bearish cross or they will reject it, a development that should be kept in mind.
Furthermore, there is a bearish divergence in the development of the Chaikin oscillator.
Short-term Outlook
Finally, a look at the 6-hour chart paints a more bullish picture.
As it nears the support line, the price has developed strong bullish divergences in the RSI, MACD and Chaikin Oscillator.
conclusions:
- Ripple is close to the support level of $ 0.25.
- The next support area is at $ 0.14.
- The long-term (bearish) and short-term (bullish) indicators do not agree.
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