Hello everyone, I invite you to review the XRP to USDT chart on a one-day interval. As you can see the price has dropped below the uptrend line.
Let's start by determining the support that XRP has in the event of further declines. First, we have a support zone from $ 0.41 to $ 0.31, if this zone is broken, the next support is at the price of $ 0.24 and $ 0.16.
Looking the other way, it is worth determining the resistance and as you can see, the first one has a resistance zone from $ 0.51 to $ 0.61, when it is overcome, the next resistance is at the price of $ 0.78 and $ 1.05.
Let's take a look at the CHOP index which indicates that energy has been used up, and the MACD indicator points to a downward trend. Remember that currently the entire market is suffering and most cryptocurrencies have declines of around 30%.
Let's start by determining the support that XRP has in the event of further declines. First, we have a support zone from $ 0.41 to $ 0.31, if this zone is broken, the next support is at the price of $ 0.24 and $ 0.16.
Looking the other way, it is worth determining the resistance and as you can see, the first one has a resistance zone from $ 0.51 to $ 0.61, when it is overcome, the next resistance is at the price of $ 0.78 and $ 1.05.
Let's take a look at the CHOP index which indicates that energy has been used up, and the MACD indicator points to a downward trend. Remember that currently the entire market is suffering and most cryptocurrencies have declines of around 30%.