Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: MRM on September 04, 2020, 08:31:36 PM
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Following the breakdown of the crucial support at $0.28, sellers have pushed the XRP to the low of $0.255. Besides the crucial support, the other support levels are easily broken.
Today, the price has been corrected upward to $0.275 high. Even after the upward correction and a retest at the recent high, XRP is looking bearish to resume a downward move.
This has been the bearish scenario since August 3 when it plunged from its peak price to $0.25. Today, buyers are making a positive move as they attempt to push the coin above the EMAs or $0.28 high. Once they are successful, XRP will be on track. Nevertheless, XRP will continue the downward move, if sellers break the $0.26 support. In other words, XRP will revisit the previous low at $0.24, once buyers lose control at the $0.27 high.
Source: https://coinidol.com/ripple-looking-bearish/