Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Galaxy on October 29, 2020, 05:18:37 PM
-
Ripple is range-bound between levels of $0.23 and $0.26. Since September 2, the coin has been fluctuating between $0.22 and $0.26. Nonetheless, on October 2, the price fluctuations narrowed to $0.23 and $0.26. The coin is still on a downward move.
Yesterday, the coin retested the $0.2550 high and dropped to a $0.244 low. Today, selling pressure is ongoing as it retests the $0.2470 high.
Most times, the selling pressure will be exhausted in the middle of the price range or at a low of $0.24. Nevertheless, as Ripple enters a period of consolidation between $0.23 and $0.26, there is the likelihood of a breakout or breakdown. A breakout at a $0.26 high will propel XRP to reach a high of $0.30. Similarly, a break down at $0.23 low will sink XRP further to $0.22 low. Today, XRP has fallen to $0.243 at the time of writing.
Info link: https://coinidol.com/ripple-breakout-imminent/