After the low ($ 0.329), which was in November, the Ripple market segment shows a 21% recovery.
The XRP / USD rate on Monday was 0.3399 phi in higher in the line-up on BitFinex. At the same time, the market capitalization of the coin reached almost 15.61 billion dollars. USA, replacing Ethereum to become the second largest cryptocurrency in the world.
However, its stability is not guaranteed at the moment. In the worst case, this could be a bear pennant shape, which indicates a continuation of the current downtrend. At best, XRP can advance to the extended upward recovery action, given its least bad cryptocurrency during the bear run, which shook the entire cryptography market.
At the same time, 0.329-fiat provides decent support in accordance with the daily base. Earlier, the level witnessed purchases and promised to keep bears with several bulls. A gap below 0.329, on the other hand, can be devastating, as this will lead to the collapse of XRP / USD to the next potential deficiency of 0.268 phi. This level has provided strong support since August.
The narrowed version of the XRP / USD rate chart gives us more information about how we could trade intraday. At the moment, the pair is clearly aiming at 0.966 phi as its intermediate resistance, leaving the foot at 0.371 phi, temporary support for the rest of the day.
We look at XRP / USD in the opposite direction from a simple 200-period moving average on a 15-minute chart. This gives us good opportunities for temporary support. At the same time, placing a stop loss at 0.390 phi will protect our position from maximum losses if the upward correction resumes.
It remains only to wait for the continuation of a breakthrough over temporary resistance. If this happens, we will enter a long position in the direction of 0.402-fiat as our intermediate target target, while maintaining a stop loss of $ 0.93.
Information here contains forward-looking statements that involve risks and uncertainties. it's not in any way a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions
The XRP / USD rate on Monday was 0.3399 phi in higher in the line-up on BitFinex. At the same time, the market capitalization of the coin reached almost 15.61 billion dollars. USA, replacing Ethereum to become the second largest cryptocurrency in the world.
However, its stability is not guaranteed at the moment. In the worst case, this could be a bear pennant shape, which indicates a continuation of the current downtrend. At best, XRP can advance to the extended upward recovery action, given its least bad cryptocurrency during the bear run, which shook the entire cryptography market.
At the same time, 0.329-fiat provides decent support in accordance with the daily base. Earlier, the level witnessed purchases and promised to keep bears with several bulls. A gap below 0.329, on the other hand, can be devastating, as this will lead to the collapse of XRP / USD to the next potential deficiency of 0.268 phi. This level has provided strong support since August.
The narrowed version of the XRP / USD rate chart gives us more information about how we could trade intraday. At the moment, the pair is clearly aiming at 0.966 phi as its intermediate resistance, leaving the foot at 0.371 phi, temporary support for the rest of the day.
We look at XRP / USD in the opposite direction from a simple 200-period moving average on a 15-minute chart. This gives us good opportunities for temporary support. At the same time, placing a stop loss at 0.390 phi will protect our position from maximum losses if the upward correction resumes.
It remains only to wait for the continuation of a breakthrough over temporary resistance. If this happens, we will enter a long position in the direction of 0.402-fiat as our intermediate target target, while maintaining a stop loss of $ 0.93.
Information here contains forward-looking statements that involve risks and uncertainties. it's not in any way a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions