Crypto Blog
Ripple has presented a solid bearish signal by breaking below the 200-day moving average of $0.55, highlighting the presence of sellers in the market.
A close analysis of the daily chart reveals that Ripple has been hovering near the critical 200-day moving average at $0.55, and recently, it slipped slightly below this level. Now, the price is at a pivotal support region, defined by the 100-day moving average of $0.53, which acts as a key barrier. Ripple is currently testing this lower boundary, and a break below it, along with the wedge’s lower boundary, may trigger a liquidation event, pushing the price lower.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Secures Death Cross on Hourly Charts, What's XRP Price in For?While death cross is bearish indicator, it does not guarantee further declines
Read more »
XRP to Skyrocket? Top Crypto Trader Shares His XRP Price OutlookXRP bulls, make room, as leading crypto trader has joined in with new XRP price outlook
Read more »
XRP back above $0.60 as Ripple announces successful XRP Ledger testnet improvementsRipple (XRP) announced the rest of its XRP Ledger blockchain.
Read more »
Cryptocurrencies Price Prediction: XRP, FLOKI & Bitcoin – American Wrap 20 AugustXRP climbs above $0.60, Ripple declares successful XRP Ledger testnet reset Ripple (XRP) announced the rest of its XRP Ledger blockchain.
Read more »
XRP Jumps 7% as Biggest Breakout in Price History NearsBiggest breakout in XRP price history comes closer as XRP does this
Read more »
XRP Whale Activity Rises as 155 Million XRP DisappearMassive XRP movements have stunned crypto community
Read more »