Welcome to a short Update to the Ripple rate. In today’s analysis, we want to look at us, whether or not the Ripple rate may be on the verge of losing the ground under your feet, or even a different direction you can take.Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
Contents
The Ripple rate reaches a critical point
In fact, the Ripple price has reached just in this Moment, a critical point. Soon will decide whether the XRP price can keep his current level and perhaps even at least a short-term counter-movement is taking, or more drops.As we can see on the above daily Chart, between the XRP exchange rate and the US Dollar, the current Ripple rate between the downtrend line (red) and the support line at around 0.25 US dollars “squeezed”.Here will decide soon whether the Ripple sets course for the time being, its consolidation and continue between 0.25 and nearly $ 0.29 moves or more slips.The support line does not hold, am I entered in my Ripple rate analysis from the 16.08.19 in great detail, the scenario could be waiting for us then.It remains, in any case, exciting!
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