ripple price drops below $0.17

Ripple Price Drops Below $0.17- Now It Struggles At $0.17 Resistance

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.

ripple price drops below $0.17

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.

Source: Ripple Struggles at $0.17 0verhead Resistance amidst Bullish Expectation