#Ripple Drops 7%, #XRP Bulls Upbeat as Prices Float above $0.67
Past Performance of Ripple
Currently, the #Ripple price is in red, steady in the past 24 hours but down eight percent in the previous trading week as per the performance in the daily chart. Even so, XRP bulls stand a chance.
At spot rates, XRP has support at critical levels and may spring higher in a buy trend continuation pattern if there is rejection of lower prices.
Ripple Technical Analysis
In the daily chart, XRP is under pressure, mirroring the general state of the crypto market. The coin is down eight percent versus the #USDT. However, prices are reacting at around the 61.8 percent Fibonacci retracement level of the Q1 2022 trade range. Still, a drop below last week's low of around $0.67 may force the coin back to $0.60—or lower. A recovery above $0.75 could draw in buyers angling for $0.79 and later $0.88 if there is a high volume upthrust confirming gains of April 18.
What to Expect from XRP?
Buyers are upbeat, bullish that #XRP would reclaim its slot in the top-3. A close above $0.75 would solidify bullish convictions, possibly pumping XRP to new reaction levels.
Resistance level to watch out for: $0.75
Support level to watch out for: $0.67
Disclaimer: Opinions expressed are not investment advice. Do your research.
Currently, the #Ripple price is in red, steady in the past 24 hours but down eight percent in the previous trading week as per the performance in the daily chart. Even so, XRP bulls stand a chance.
At spot rates, XRP has support at critical levels and may spring higher in a buy trend continuation pattern if there is rejection of lower prices.
Ripple Technical Analysis
In the daily chart, XRP is under pressure, mirroring the general state of the crypto market. The coin is down eight percent versus the #USDT. However, prices are reacting at around the 61.8 percent Fibonacci retracement level of the Q1 2022 trade range. Still, a drop below last week's low of around $0.67 may force the coin back to $0.60—or lower. A recovery above $0.75 could draw in buyers angling for $0.79 and later $0.88 if there is a high volume upthrust confirming gains of April 18.
What to Expect from XRP?
Buyers are upbeat, bullish that #XRP would reclaim its slot in the top-3. A close above $0.75 would solidify bullish convictions, possibly pumping XRP to new reaction levels.
Resistance level to watch out for: $0.75
Support level to watch out for: $0.67
Disclaimer: Opinions expressed are not investment advice. Do your research.
