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Does Ripple Crypto Come to an End?

Does Ripple Crypto Come to an End?

  • This week’s Major Bearish Trend line is active with resistance near $0.2575 on the hourly chart of the XRP/USD pair.
  • XRP recovered that day as it managed to close above the $0.2345 support level.
  • The trading volume has increased substantially during the latter half of September.

Ripple price is currently struggling to surpass the $0.2560 and $0.2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0.2600 resistance.

This week’s major bearish trend line is active with resistance near $0.2575 on the hourly chart of the XRP/USD pair. Since our previous XRP/USD analysis, XRP met resistance at $0.3262 and started to roll over.

During the recent declines, XRP dropped significantly, freefalling until finding support at $0.20. XRP recovered that day as it managed to close above the $0.2345 support level.

From above: The nearest level of resistance lies at $0.25. Above this, resistance is located at $0.2584, $0.27, $0.2811, $0.2890, and $0.30. The resistance at $0.30 is strengthened by the 100-days EMA. Higher resistance is expected at $0.31, $0.3177, and $0.3262 (bearish.382 Fib Retracement and 200-days EMA).

From below: The nearest level of support lies at $0.2345. Beneath this, support lies at $0.2250, $0.2150, and $0.2123 (downside 1.272 Fib Extension). Beneath this, support is found at $0.20 and $0.1848 (downside 1.414 and 1.618 Fib Extensions).

The trading volume has increased substantially during the latter half of September.

The post Does Ripple Crypto Come to an End? appeared first on TheCoinRepublic.



This post first appeared on Thecoinrepublic: Cryptocurrency, Bitcoin, Ethereum News, please read the originial post: here

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Does Ripple Crypto Come to an End?

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