The weekend of January 25-26 started with another drop on Saturday for the "ripple". The XRP token fell down to $0.218 in its fourth straight losing session.
On Sunday, January 26 the coin skyrocketed to $0.23 in one of its best sessions for the last two weeks. It successfully rebounded from the $0.215 support line and returned to the $0.23 -$0.25 zone, which we already marked as critical for the mid-term recovery more than once.
The XRP/USD pair stabilized around the mentioned level and experienced no significant changes in price during the trading day on Monday, January 27.
If XRP buyers manage to push the price back into the uptrend channel and consolidate successfully above $0.25, then $0.30 is at play. Otherwise, they risk losing momentum and falling back to the $0.215 -$0.23 zone.
For more details, check my previous ideas (I publish every two days) and subscribe, so you can follow my updates.
On Sunday, January 26 the coin skyrocketed to $0.23 in one of its best sessions for the last two weeks. It successfully rebounded from the $0.215 support line and returned to the $0.23 -$0.25 zone, which we already marked as critical for the mid-term recovery more than once.
The XRP/USD pair stabilized around the mentioned level and experienced no significant changes in price during the trading day on Monday, January 27.
If XRP buyers manage to push the price back into the uptrend channel and consolidate successfully above $0.25, then $0.30 is at play. Otherwise, they risk losing momentum and falling back to the $0.215 -$0.23 zone.
- The $0.23 to serve as support as already discussed.
- XRP bulls will have to move back into the uptrend channel and confirm their position above $0.25 to be in a position to attack $0.30
- We are still below the 100-day EMA
- Trading volumes are steadily increasing since last week when they were mainly seen in the $1.5 - $1.7 billion zone. We registered a 25 percent increase from Sunday, January 26 to Tuesday, January 28 or up to $2 billion.
For more details, check my previous ideas (I publish every two days) and subscribe, so you can follow my updates.