Ripple recently faced rejection in MA 100 days from $ 2.5, which led to a significant decrease.
However, the price is now approaching the meeting areas, which increases the possibility of unification in the middle of the period.
XRP analysis
by Shayan
Daily chart
XRP recently faced increasing sale on a mobile average for 100 days ($ 2.5), which led to the rejection and decline in subsequent prices. However, the original has now reached an important support zone, which includes:
- Fibonacci 0.5 ($ 1.9)
- Mobile average for 200 days ($ 1.7)
- The lower boundaries of the expanded sorry
This meeting of the main support levels indicates a strong demand in this price range, and is likely to prevent more landfill. Looking at these conditions, XRP is expected to take this support range and enter a medium -term unification phase.
The graph for 4 hours
In the low time frame, Ripple’s recent resistance trend, highlighted the momentum, highlighted the weak ascension and a lack of purchase pressure. This led to a noticeable decrease in the decline, pushing the original towards the lower boundaries of the sorry scattered at $ 1.9, which is the main level that it has repeatedly supported from the price.
If XRP fails to stick to this level, this may follow more declines. However, given the wider market conditions, the price is expected to stabilize and unify it around the scope of support before its next main step.
Post -Talagi Prices analysis: Is it the worst for XRP after 10 % of the weekly correction? He first appeared on Cryptopotato.
