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Author Topic: Ripple( XRP) Slight Price Recovery Indicates Chances of Selling  (Read 105 times)

AlexaneJohnson

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Ripple( XRP) Slight Price Recovery Indicates Chances of Selling
« on: November 25, 2019, 07:34:00 am »
Ripple Price Analysis

The past few market sessions witnessed a nasty decline in Ripples prices below the support levels $0.2350 and $0.2250 against the United States Dollar. Furthermore, the XRP/USD pair declined by at least 10%  to effectively test the key support level of $0.2000.


While the price settled well downwards the 100 hourly simple moving average , a fresh multi-month low formed around the $0.2003. Currently, the price correction is performing a bit higher above the $0.2050 and $0,2080 resistance levels. A glance at the main resistances, an upside is noticeably forming within the $0.2180 price level.
The 50% Fib retracement level

The 50%  Fibonnaci retracement level of the recent decrease to $0.2003 low and $0.2349 high is also closing on to the $0.2180 level to form a minor resistance. In addition, a key bearish trend line appears to move along with the resistance near the $0.2250 on the hourly XRP/USD trade pair chart.

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