Ripple Price Analysis: XRP/USD hits a brick wall ahead of the 0.25 level
|- Ripple is trading over 5% higher on a good day for cryptos.
- The pullback has just met some resistance before the bulls had a chance to test 0.25.
XRP/USD 4-Hour Chart
The whole crypto market has clawed back some losses on Thursday.
XRP/USD has pushed 5.25% higher but the pair met some resistance at 0.2472.
Looking at the volume on the bottom of the chart it is still clear that the sellers are in control.
Only when a green candle has more volume than a red one could you dispute this.
Looking further ahead now, if the 0.2250 low gets broken then the downtrend would be confirmed once again.
For the trend to be broken the previous wave high of 0.2857 would need to be taken out.
 (13)-637184289570932530.png){kind=link}
Additional Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.