Again the bulls’ inability to move price upward. And that is caused by stiff resistance and defense. Therefore, Ripple Price Drops Below $0.17. At this low, the bearish momentum will extend to the low of $0.12. Ripple can equally move up to a high of $0.18 price level. However, the momentum will extend to the high of $0.21. If the bulls break the $0.18 resistance.
Let’ move onto the Ripple Price Drops Below $0.17
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Ripple (XRP) Price Analysis
According to daily stochastic, Ripple is above the 60% range. This indicates that XRP has bullish momentum. The bullish momentum has been conflicting with the current sideways moves of XRP. The EMAs are sloping horizontally indicating the sideways move of Ripple.
Key Resistance Zones: $0.35, $0.40, $0.45
Key Support Zones: $0.25, $0.20, $0.15
What’s The Next Direction?
The current defense by the bears at the $0.17 resistance is responsible for the continued consolidation of Ripple. An upward move is possible in view of the breaking of the resistance line of the descending channel.
Writer, researcher, and analyst on cryptocurrency and blockchain technology at L&P Digitech Pvt. Ltd. Also managing the content with SEO at this current company. Keen interest to know more about new technologies related to the crypto world and blockchain technology. Completed Masters in Computer Application (MCA) and holds Post Graduate Diploma in Instructional Designing with sound knowledge in Articulate3. Out of all, love to travel, listen to music, and to eat also.