XRP of Ripples trade near the bottom of the range – New 2018 coming soon?

Ripple's XRP was traded in a range of $ 0.29 to $ 0.31 since the Bitcoin market leader met around $ 3300 support.

Bitcoin has since broken under this support and Ripple's XRP has started trading near the bottom of the segment it was forming.

$ 0.25 is the next significant support area to monitor XRP if it breaks below the interval.

$ 0.25 is around the point where XRP reached the 2018 low and was also a liquidity area for the rebound of the XRP each time the price approached this point.

The hourly chart shows the interval at which the price is negotiated in detail.

The price is now traded right at the end of the range around $ 0.29. It is likely that the price will stop below the interval.

The momentum is on the side of the sellers with the decrease of the time MACD and the RSI.

Key Takeaways:

• XRP moves to the bottom of a range that has formed when the Bitcoin market leader breaks down under a key support level.
• It is likely that the price will break below the interval with the momentum on the sellers side. Both the hourly MACD and the RSI are decreasing.
• $ 0.25 is the next key area to monitor if price breaks below the interval. It is also the point where XRP formed its minimum in 2018 and was also a commercial liquidity area.

RELATED ARTICLES

MORE FROM OUR PARTNERS

Advertisement

Shutterstock foreground image.

[blokt] is a leading independent blockchain news source that maintains the highest professional and ethical journalistic standards. Journalists are required to meet our editorial policies and guidelines.