- Ripple dance: is the quite lateral movement going to break
- XRP near to breakthrough price levels
- Ripple Price Analysis: Are bulls going to win?
The price of Ripple went up 10% last week after the news that it had filed an official complaint with the SEC. However, this didn’t last as traders were quick to sell off their coins once again and push them back into depression mode.
On the daily timeframe, XRP was unable to break out of its resistance at $0.8 despite several attempts by bulls over recent days and weeks.
The price has now fallen back into Cloud thundering ahead with no signs that it will soon rise again anytime soon given these trends continue unbroken through all major currency pairs available for trade on this market maker’s platform including Bitcoin (BTC) Ethereum(ETH) , Litecoin(LTC).
The resistance range is between $0.8 and $0,85, which should be easy for the bulls to break through since it’s an area that they have already touched before in their previous attempts on this price point, back at the recent months.
On the daily chart, the resistance at $0.75 is proving tough to break, but if Ripple manages it, then MA200 may be tested again; otherwise short-term support will hold right here on its path down towards cheaper prices.
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