Ripple’s price has been on a downward trend, falling below the 100-day and 200-day moving averages at $0.55 and $0.49 respectively. However, a rebound occurred at the approximate $0.42 support level, pushing the price back above the 200-day moving average. The current price is bounded within a narrow range marked by the 100-day and 200-day moving averages.On the 4-hour chart, the recent decline caused a retracement toward a long-standing uptrend line, which has consistently provided strong support. If buyers are able to maintain the price around this pivotal trendline, it could trigger a surge towards the $0.85 mark. Conversely, if the price falls below this crucial dynamic support level, the price could descend towards the static support at $0.42. Vigilantly monitoring price fluctuations is essential in order to determine Ripple’s upcoming trajectory.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
None |
| Companies |
Binance, PrimeXBT, CryptoPotato, TradingView, None |
| Currencies |
Ripple, Bitcoin, Ethereum |
| Securities |
None |
