XRP price downturn – July 21st
The XRP / USD price will eventually drop to $ 0.60 after the fluctuation line. The secret trade is trading at the $ 0.54 level with a percentage of 3.30.
Falling Price Ratios Evaluation: XRP Market
Resistance levels: $ 0.70, $ 0.90, $ 1.10
Support levels: $ 0.50, $ 0.40, $ 0.30
XRP / USD – daily chart
On the XRP / USD daily chart, the price of encryption drops to a valuation level of $ 0.60, while smaller falling candlesticks formed the downside. The 50-day SMA indicator is more than the 14-day SMA indicator, and a bearish trend line is drawn down over them. The stochastic oscillators are in the oversold territory, and the merged lines point slightly north. It could mean a sign that the cryptocurrency is soon witnessing an upward movement.
Has the XRP / USD market reached a strong support zone when the price drops to $ 0.60?
It seems that XRP / USD The market will systematically find support for the current trading situation as the price drops to a valuation level of $ 0.60. The trading situation in the market is currently less active. The lower trading level of $ 0.40 seems to be the bulk of the fact that the current systemic downward force could drive speech in the worst case scenario later.
The downside is that smuggling must be a constantly moving style at the $ 0.60 level. If bull capacity continues to decline in this trading area as well, Ripple XRP / USD bears will further strengthen their presence in the market. The price continues to fall in a systematic way that it has maintained for some time.
XRP / BTC price analysis
For comparison, the trend capacity with between Ripple XRP and Bitcoin; the downturn in witness prices. The rising trend line drawn below the SMA areas is slightly broken to the south. The 14-day SMA trend line has captured the 50-day SMA downwards to indicate that the pressure is falling. It shows that the price of basic encryption is declining when combined with the encryption of the flagship counter. Stochastic oscillators are closed in the oversold territory. This indicates the possibility that Ripple XRP may gain momentum in the near future.
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