Ripple’s XRP has seen a major decline against the US Dollar in the past few days, dropping below the $0.680 and $0.650 support levels. The price has tested the key support at $0.412, but the bulls have been active above this level.A crucial bullish trend line is forming with support near $0.490 on the daily chart. XRP is now consolidating above the $0.50 level, and a clear move above the $0.550 zone could start a fresh increase. The first major resistance is near the 50-day simple moving average at $0.640.If XRP’s price exceeds $0.550, it could start another decline. The first major support is near the trend line and $0.50. The main breakdown support is near $0.412. A downside break below this level might start a major decline, with the price potentially dropping toward the $0.365 level.
| Information |
Details |
| Geography |
Asia |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
None |
| Companies |
Ripple, CoinChapter.com, Bitcoin, Ethereum |
| Currencies |
XRP, Bitcoin, Ethereum, USD, None |
| Securities |
None |
