Today, the third-largest XRP coin with a current market value of $ 14.7 billion is moving synchronously with the market. At the time of this writing, the price of Ripple (XRP) fluctuates at $ 0.35. Over the past 24 hours, a pair of XRP / USD added about 6%, although the price remained almost unchanged from the level recorded at the beginning of Asian trading.
From a technical point of view, the cryptocurrency has entered a short consolidation phase at current levels. The relative strength index (1-hour chart) returned to neutral territory, which may indicate the completion of the correction phase.
If the price breaks below this barrier, the sale can be extended to $ 0.3330 (SMA50 – 1 hour). The next support is $ 0.3220 – $ 0.3200 (SMA100 – 1 hour).
On the other hand, we should see a strong growth above the cluster zone of $ 0.3580 – $ 0.3600 in order for the momentum to gain strength and direct the coin towards DMA200 – $ 0.3786, and then to an important psychological level of $ 0.3800.
From a long-term perspective, bulls are looking to get $ 0.40 and $ 0.433, created by the weekly SMA50.
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