Ripple (XRP) Technical Analysis: The Popular Altcoin Has Returned From the Coast of the Dangerous Zone


Popular crypto currency XRP, managed to regain the lost space after a 14% drop recorded on October 27. The XRP, MACD and RSI indicators showed signs of recovery. The popular crypto currency is trading at $1.08 as of the moment of writing this article.

XRP Price and Reviews

XRP had declined to the $1 limit on October 27. However, while the bulls’ struggle was successful, the XRP price increased by 3% to $ 1.11 in the last 24 hours. XRP, he continues to heal his wounds after a descending triangle fracture. the bullish reaction at the 50% fibonacci level triggered the upward movement.

RSI and MACD, providing space for further gains up to $1.15, but highlighting the lack of momentum for upward break-even. If the XRP price falls below this milestone, it can be expected to trade close to a reliable support at the 38.2% fibonacci level in the coming days.

stronger market conditions are being sought for short-term targets such as $1.18. A purchase signal in the Directional Movement Index will also help XRP. XRPthe volume of transactions of the last 24 hours faced a decrease of more than 20%.

XRP Price

XRP had reached an all-time high of $ 3.84 4 years ago. XRP, which was based on the $2 limit in April, had excited its investors. Ripple and SEC the course of his case, while keeping the XRP price under pressure, crypto currency exchanges cannot take steps in the name of re-listing.

Crypto currency exchanges do not want to get into trouble with the XRP listing at a time when crypto regulatory bills are being discussed. While XRP Army is focusing on the case between Ripple and DEC, recently legendary broker Jordan Belfort announced that he has an XRP asset. Belfort, XRP he stated that the price could be extended to $ 10.

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