Hello traders, here's a quick XRP:USD update on the weekly time-frame.
Unlike Bitcoin, Ripple on the other hand doesn't have much room left to fall.
As you can see on the weekly time-frame we had a perfect execution from our past analysis, we broke below 0.24 support, going all the way down to 0.20 however the price quickly managed to come back above 0.212 psychological level.
Comparing the current price action of XRP with BTC, we could be seeing a retest of the already mentioned 0.24 support now turned resistance, which could result with a consolidation in between this region and the 0.212 psychological level on the lower time-frame.
If XRP manages to break below 0.212 we could test .20 one more time or even extend all the way down to 0.195 cents.
Unlike Bitcoin, Ripple on the other hand doesn't have much room left to fall.
As you can see on the weekly time-frame we had a perfect execution from our past analysis, we broke below 0.24 support, going all the way down to 0.20 however the price quickly managed to come back above 0.212 psychological level.
Comparing the current price action of XRP with BTC, we could be seeing a retest of the already mentioned 0.24 support now turned resistance, which could result with a consolidation in between this region and the 0.212 psychological level on the lower time-frame.
If XRP manages to break below 0.212 we could test .20 one more time or even extend all the way down to 0.195 cents.
