Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Galaxy on October 31, 2020, 06:18:52 PM
-
Since October 22, the Ripple downward move ended on October 30 with the formation of a candlestick with a long tail.
The long tail shows that there is strong buying pressure at the previous support level resisting the selling pressure. On October 30, sellers pushed the price to $0.230 low while buyers pushed XRP back to $0.238 high.
The bearish trend will continue on the downside if sellers are successful. The price will break the $0.23 support and bearish momentum will extend to the $0.22 low. On the other hand, if buyers push back price on the upside, the sideways move between $0.23 and $0.26 will resume. The bullish momentum will resurface as the price will attempt to retest the $0.26 resistance. A breakout at $0.26 will accelerate the price movement to a $0.30 high.
Info Link: https://coinidol.com/ripple-retraces-low/