Yesterday, buyers were unable to continue the recovery of the price of XRP and gain a foothold in the consolidation above the level of $0.213. A powerful wave of sales drove the price below the support of $0.20, setting a weekly low at $0.196.
After a rebound in the region of average prices, the XRP/USD pair consolidated in the lateral range, above the psychological level of $0.20. If bears sell this support today, the price may fall even deeper, to the upper border of the descending purple channel. In case bulls recover above the two-hour EMA55, then the rate will return to support at the level of $0.213.
After a rebound in the region of average prices, the XRP/USD pair consolidated in the lateral range, above the psychological level of $0.20. If bears sell this support today, the price may fall even deeper, to the upper border of the descending purple channel. In case bulls recover above the two-hour EMA55, then the rate will return to support at the level of $0.213.
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