The Ripple company token XRP moved up to $0.197 on Sunday, December 22 and ended the week 8.7 percent lower compared to the previous trading period.
It opened the new trading session on Monday with a heavy loss, which resulted in a 4 percent decline to $0.189. The cryptocurrency was not able to break above the downtrend channel by escaping the $0.20 -$0.19 trading range.
On Tuesday, December 24 it managed to avoid further losses and found support at $0.19 closing with a small gain to $0.1904 after peaking at $0.194 during intraday.
The mid-week session on Christmas saw low-volatility in the crypto market. The XRP/USD pair dropped to $0.188.
The move was followed by a green session on Thursday, December 26, during which the “ripple” once again reached $0.194 and erased the losses from the previous day by closing at $0.189.The current target for bulls was to restore positions in the already-mentioned zone and prepare for an attack of the levels around $0.217-$0.218.
The popular altcoin resumed its good performance on Friday and successfully climbed up to the lower end of the support area.The weekend of December 28-29 started with the formation of a third consecutive green candle on the daily chart. The XRP/USD pair moved to $0.192 on Saturday after breaking the downtrend channel for the first time since December 9.
On the last day of the week climbed up to $0.196 ending the week flat.
It opened the new trading session on Monday with a heavy loss, which resulted in a 4 percent decline to $0.189. The cryptocurrency was not able to break above the downtrend channel by escaping the $0.20 -$0.19 trading range.
On Tuesday, December 24 it managed to avoid further losses and found support at $0.19 closing with a small gain to $0.1904 after peaking at $0.194 during intraday.
The mid-week session on Christmas saw low-volatility in the crypto market. The XRP/USD pair dropped to $0.188.
The move was followed by a green session on Thursday, December 26, during which the “ripple” once again reached $0.194 and erased the losses from the previous day by closing at $0.189.The current target for bulls was to restore positions in the already-mentioned zone and prepare for an attack of the levels around $0.217-$0.218.
The popular altcoin resumed its good performance on Friday and successfully climbed up to the lower end of the support area.The weekend of December 28-29 started with the formation of a third consecutive green candle on the daily chart. The XRP/USD pair moved to $0.192 on Saturday after breaking the downtrend channel for the first time since December 9.
On the last day of the week climbed up to $0.196 ending the week flat.
- The XRP/USD broke the downtrend on December 28. The move started on December 9, so the break is a good sign.
- The "ripple" successfully returned to the $0.19-$0.20 support zone and will be looking to confirm the uptrend there. The next level will be $0.217-$0.218
Trade active:
XRP still trading in the previously suggested support area. It almost hit $0.19 today again, so looking for a rebound a continuation of the range trading we are in since December 18 at least until we escape the mentioned area.