Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Dociko on September 21, 2020, 07:37:49 PM
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Ripple is facing an uphill task near the $0.2500 resistance against the US Dollar. XRP price could nosedive if it struggles to clear the main $0.2500 barrier.
Ripple is currently consolidating above the $0.2425 and $0.2380 levels against the US dollar.
The price is facing a strong resistance near the $0.2500 level and the 100 hourly simple moving average.
There is a key declining channel forming with resistance near $0.2505 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline heavily below the $0.2425 support unless it surges past $0.2500.
Details: https://www.newsbtc.com/2020/09/21/ripple-xrp-price-vulnerability-sharp-decline/?amp