XRP Market Trades at $1.10 – November 15
There have been variant erratic ups and downs in the Ripple XRP/USD business operations over time. Presently, the market trades around the $1.20 line at a minute percentage rate of about 0.36 positive. It seems that price enjoys some relative upward forces.
Market Trades at $1.10: XRP Market
Key Levels:
Resistance levels: $1.30, $1.40, $1.50
Support levels: $1.10, $1.00, $0.90
XRP/USD – Daily Chart
The Ripple XRP/USD daily chart reveals that the crypto market trades at $1.20 in the last couple of sessions. The 14-day SMA trend line is above the 50-day SMA trend line. And they both point toward the north to indicate that some buying moments dominate the market to some reasonable extent. The Stochastic Oscillators are slightly dipped into the oversold region, pointing to the downside to suggest that some depressions may still come to play for a while.
Could there still be a line of downward forces in the Ripple XRP/USD business activities as the market trades at the $1.20 level?
The moving downward of the Ripple XRP/USD business activities cannot be overruled at this point as the market trades at the $1.20 level currently in a less-active motion. Consolidation of the price around the stated value line will let in the possibility to re-build support at a lower trading zone while the market attempts to downsize.
On the downside of the technical analysis, the Ripple XRP/USD market sellers may still push the market southward to touch the support of $1.10 for a final profiteering movement. Therefore, long position takers will have to stay alert for an active rebounding motion breathing life back into the upside pressure.
XRP/BTC Price Analysis
In comparison, Ripple XRP price valuation still succumbs to the depression inflicted upon it by Bitcoin. The 14-day SMA trend line is underneath the 50-day SMA trend line. The bearish trend line drew alongside the smaller indicator at the extreme end, playing a backing resistance role. The Stochastic Oscillators have somewhat moved southbound to touch slightly into the oversold region. That suggests that the base crypto still holds downward, trending with the flagship counter crypto.
Looking to buy or trade XRP (XRP) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider.
Read more:
Credit: Source link
