Cryptocurrency price update XRP PRICE ANALYSIS Will XRP take
support from symmetrical triangle pattern after panic selling
The XRP price has come under more selling pressure since falling below the $0.37 price mark.
The cryptocurrency has been consolidating over the past week, and in the past 24 hours, it has lost 0.71% of its market value. XRP’s price has decreased by around 8% over the last seven days.
Buyer confidence has starting to wane given how long XRP has traded below its immediate resistance level. Broader market weakness has also set in, as evidenced by Bitcoin’s decline to $20,800 at press time. Cardano’s (ADA) technical outlook has deteriorated, as evidenced by the abundance of sellers on the market. Cryptocurrency price update XRP
Price research indicates that due to a lack of interest in XRP, selling strength has gained control of the chart. At its nearest support level, the price of the cryptocurrency was trading. The price of XRP may continue to move toward the next support level depending on price movement. Demand for XRP needs to rise in the upcoming trading sessions in order for the bulls to come back.
The price of the cryptocurrency at the time of writing was $0.3350. XRP may finally be unable to defend the $0.34 support line because it was trading so close to the nearest support level. The currency’s next level of support was $0.31. Cryptocurrency price update XRP
The upper resistance for XRP was $0.37, and the bulls were rejected from that price just a few trading sessions ago. If XRP continues to fall below $0.33, this may return to $0.29 in the upcoming trading sessions. The trading volume of XRP increased on the chart, indicating that selling pressure has increased. Cryptocurrency price update XRP
The price of the cryptocurrency at the time of writing was $0.3350. XRP may finally be unable to defend the $0.34 support line because it was trading so close to the nearest support level. The currency’s next level of support was $0.31. Cryptocurrency price update XRP
The upper resistance for XRP was $0.37, and the bulls were rejected from that price just a few trading sessions ago. If XRP continues to fall below $0.33, this may return to $0.29 in the upcoming trading sessions. The trading volume of XRP increased on the chart, indicating that selling pressure has increased. Cryptocurrency price update XRP
The price of the cryptocurrency at the time of writing was $0.3350. XRP may finally be unable to defend the $0.34 support line because it was trading so close to the nearest support level. The currency’s next level of support was $0.31. Cryptocurrency price update XRP
The upper resistance for XRP was $0.37, and the bulls were rejected from that price just a few trading sessions ago. If XRP continues to fall below $0.33, this may return to $0.29 in the upcoming trading sessions. The trading volume of XRP increased on the chart, indicating that selling pressure has increased. Cryptocurrency price update XRP
The price of the cryptocurrency at the time of writing was $0.3350. XRP may finally be unable to defend the $0.34 support line because it was trading so close to the nearest support level. The currency’s next level of support was $0.31. Cryptocurrency price update XRP
The upper resistance for XRP was $0.37, and the bulls were rejected from that price just a few trading sessions ago. If XRP continues to fall below $0.33, this may return to $0.29 in the upcoming trading sessions. The trading volume of XRP increased on the chart, indicating that selling pressure has increased. Cryptocurrency price update XRP
RESISTANCE LEVEL : $0.3500-$0.3700
SUPPORT LEVEL : $0.3200-$0.3000
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