Hi guys,
XRP is stuck in the $0.18-$0.23 area for more than a month now, making it less interesting for trading in comparison with the rest of the top altcoins.
The weekend of May 9-10 started positively for buyers and they managed to reach the meeting point of the horizontal resistance and the 200-day EMA at $0.225. The hard rejection there, however, combined with the general lack of momentum resulted in another leg down, to $0.216.
On Sunday, May 10, the “ripple” followed the general crypto market trend and fell all the way down to $0.197, surpassing the major support zone at $0.20-$0.215. The token was 10 percent down for the week.
A further decline to $0.19 and $0.18 will be present a good buying opportunity from my point of view.
Cheers,
XRP is stuck in the $0.18-$0.23 area for more than a month now, making it less interesting for trading in comparison with the rest of the top altcoins.
The weekend of May 9-10 started positively for buyers and they managed to reach the meeting point of the horizontal resistance and the 200-day EMA at $0.225. The hard rejection there, however, combined with the general lack of momentum resulted in another leg down, to $0.216.
On Sunday, May 10, the “ripple” followed the general crypto market trend and fell all the way down to $0.197, surpassing the major support zone at $0.20-$0.215. The token was 10 percent down for the week.
A further decline to $0.19 and $0.18 will be present a good buying opportunity from my point of view.
Cheers,
Kommentar:
XRP in a solid uptrend since yesterday, let's see if we will be able to break back into the $0.20-$0.215 zone.