Today news
About the same in other media
These support zones will help cushion XRP’s jump down the ladder
Reading now: 573
A descending channel breakdown heightened XRP’s losses. It was trading at a 9.3% discount over the last 24 hours. With XRP slipping below 20-SMA (red) and 50-SMA (yellow), a double bottom at $0.86 could initiate trigger a bullish comeback, should the price weaken below its 200-SMA (green) as well.
Source: XRP/USD, TradingView
XRP’s up-channel breakdown was in line with expectations following some weak signals on its indicators. While an earlier article did suggest that traders could go long at the 38.2% Fibonacci level, much FUD still persisted in the market following BTC’s 9% correction.
In fact, XRP now threatened to close below the confluence of its 200-SMA (green) and 23.6% Fibonacci level following a weak RSI and a sell signal along the
Read more on ambcrypto.comAbout this in other media
Is this XRP’s last held support before a confirmed bearish trend ambcrypto.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
