Ripple's XRP at cluster of supports
- XRP nearing key long term support, may not fall much.
- Bulls should be able to defend these levels.
Ripple's XRP is nearing a key long term support where it won't be easy for bears to break past in one shot and bulls must grab this opportunity to defend their turf in order to not lose their relevance in the long term.
XRP/USD is trading almost flat on day at $0.2932 and in less than 2 percent range in a low volume, low volatility weekend trading. A quick look at the daily chart of this crypto and we observe that XRP has reached a level of supports where bulls have been able to bounce back in the past.
Last rally in September that we saw, started from around $0.26-$0.28 levels, just below the price where XRP is seated currently.
XRP/USD daily chart:
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Author
Manoj B Rawal
Independent Analyst
Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.
