The price of Ripple (XRP) is in a downtrend as the cryptocurrency has fallen to a low of $0.68. The current price decline has reached bearish exhaustion while bulls are buying the dips.
Laangfristeg Prognose fir Ripple (XRP) Präis: bearish
Today, XRP is in an upward correction as the market has reached the high of $0.70. The current support is the historical price level from February 2022. In February and March, the current price level was held as the altcoin moved back up. If the XRP price rises back above the current support today, the cryptocurrency will reach the next resistance at $0.80. However, if buyers lose the current support at $0.68, the market will drop further to $0.54. XRP/USD is trading above the current support at $0.70 at the time of writing.
Ripple (XRP) Indikator Analyse
Ripple has fallen to the 35 level of the Relative Strength Index for the 14 period. The altcoin is approaching the oversold area of the market. Likewise, XRP has fallen below the 20% area of the daily stochastic. This indicates that selling pressure has reached bearish exhaustion. Buyers will emerge in the oversold region of the market.
Technesch Indicatoren:
Schlësselwidderstandsniveauen - $ 1.95 an $ 2.0
Schlëssel Supportniveauen - $ 0.80 an $ 0.60
Wat ass déi nächst Bewegung fir Ripple (XRP)?
XRP/USD has fallen into the oversold zone of the market. Buyers are trying to push the altcoin higher. Meanwhile, a downtrend has started on March 31; a retracement candlestick has tested the 61.8% Fibonacci retracement level. The retracement suggests that XRP will fall to the 1.618 Fibonacci extension level, or $0.70.
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Source: https://coinidol.com/ripple-growing-base-strength/