Ripple’s price is currently correcting after a significant surge following the win against SEC. However, there is little reason for concern as there are multiple support levels nearby. Technical Analysis By: Edris XRP/USDT Daily Chart: Against USDT, the price has been constantly declining after being rejected from the %excerpt%.9 resistance level. The market is likely targeting the 50-day moving average around the %excerpt%.6 support level. The 200-day moving average trending near the %excerpt%.5 mark is also another key support that the price would test in case of a breakdown of the 50-day MA. In any case, the market seems more likely to rebound from these levels and start a new bullish phase. Source: TradingViewXRP/BTC Daily Chart Against BTC, XRP’s price has been decisively rejected to the
Topics:
CryptoVizArt considers the following as important: Ripple (XRP) Price, XRP Analysis, xrpbtc, xrpusd
This could be interesting, too:
George Georgiev writes Bitcoin’s Chop Continues, XRP Gains as Ripple v. SEC Trial Begins, and More: This Week’s Crypto Recap
CryptoVizArt writes Calm Before the Storm: XRP Anticipating Massive News (Ripple Price Analysis)
Dimitar Dzhondzhorov writes Major XRP Metric Surges Touches an ATH: Details
Dimitar Dzhondzhorov writes Ripple in the Next Three Years: CEO Outlines Roadmap
Ripple’s price is currently correcting after a significant surge following the win against SEC. However, there is little reason for concern as there are multiple support levels nearby.
Technical Analysis
By: Edris
XRP/USDT Daily Chart:
Against USDT, the price has been constantly declining after being rejected from the $0.9 resistance level. The market is likely targeting the 50-day moving average around the $0.6 support level.
The 200-day moving average trending near the $0.5 mark is also another key support that the price would test in case of a breakdown of the 50-day MA. In any case, the market seems more likely to rebound from these levels and start a new bullish phase.
XRP/BTC Daily Chart
Against BTC, XRP’s price has been decisively rejected to the downside by the 2,800 SAT resistance level. The cryptocurrency is currently on a steep downtrend towards the 2,200 SAT area.
In case the level holds, XRP is likely to attempt the 2,800 SAT area again in the next few weeks. Conversely, a breakout below the mentioned level would result in a deeper pullback, with the 50-day moving average being the probable short-term target.
