Ripple’s XRP has crashed below $0.2200 and touched $0.2089 during early Asian hours. The digital coin is down over 2% in recent 24 hours.
Right now the price is floating below the H4 100-day and 50-day SMAs curves. The daily RSI indicator has stays inside the oversold zone, while the MACD indicates increasing bearish momentum, following a period of convergence.
A sustainable move below $0.2100 may trigger a sell-off towards November 25th low at $0.2033 which is our nearest target.
The first resistance is created by psychological $0.2200, followed by $0.2250 (the middle line of 4-hour Bollinger Bands and 50 SMA). We prefer the bearish scenario till the pair still trading bellow 0.2500.
Right now the price is floating below the H4 100-day and 50-day SMAs curves. The daily RSI indicator has stays inside the oversold zone, while the MACD indicates increasing bearish momentum, following a period of convergence.
A sustainable move below $0.2100 may trigger a sell-off towards November 25th low at $0.2033 which is our nearest target.
The first resistance is created by psychological $0.2200, followed by $0.2250 (the middle line of 4-hour Bollinger Bands and 50 SMA). We prefer the bearish scenario till the pair still trading bellow 0.2500.
Order cancelled:
The pair couldn't broke under 0.2100 and risen to 0.2336 in the week
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade