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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Cinno3 on October 22, 2020, 09:45:40 AM

Title: Ripple (XRP) Price Turns Red: Indicators Suggest Upsides Likely To Remain Capped
Post by: Cinno3 on October 22, 2020, 09:45:40 AM
Ripple is down 5% and it broke the key $0.2380 support zone against the US Dollar. XRP price is currently consolidating losses and upsides are likely to remain capped. Ripple Price Dives 5%
After a failed attempt to clear the $0.2500 resistance, ripple started a fresh decline. XRP price broke the $0.2440 and $0.2420 support levels to move into a bearish zone.

The decline gained pace below a major declining channel with support near $0.2415 on the hourly chart of the XRP/USD pair. The pair is down 5% and it is now trading well below the 100 hourly simple moving average.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-price-turns-red/