Ripple price analysis: XRP/USD comes into contact with $0.70; eToro Brokerage Company survey shows XRP as the most traded asset in four age groups
- The survey data was collected between March 2017 and February this year.
- Ripple price eyes $0.75 but the buyers must overcome the resistance at $0.70 first.
Ripple is among the cryptocurrencies that are correcting lower on Monday. XRP/USD is down 3.28% on the day, at the same time it is trading at $0.68. Ripple appreciated in price and came into contact with $0.70, but selling pressure intervened leading to lower corrections.
A latest survey carried out by eToro Brokerage Company has attempted to show the investors’ interest in various digital assets. The data was put together since March last year to February 2018. It was found that Ripple (XRP) is the most preferred coin for traders in the age brackets 18-23, 24-35, 36-54, 55+. Bitcoin (BTC) is the second among the four the age groups while Ethereum (ETH) closes the top three most traded assets.
Ripple price appears to be consolidating in a ranging channel after the declines that took it from trading above $0.9 to test the key support area at $0.65. On the upside, the main hurdle is at $0.70, but the buyers are looking towards $0.75. The RSI on the 4-hour chart is at the 50 mark while the moving averages show that the sellers have the upper hand in the near-term. A short-term support is at $0.67, however, XRP/USD will find a stronger support at $0.65 zone.
XRP/USD 4-hour chart
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
