#xrp
Current outlook.
Folks, Ripple $XRP is slipping below the 1.1646 - 1.1843 range formed by the July highs. It closed November 7 at 1.164, just below the range, and dipped to 1.15 during the day yesterday. It's currently around 1.160.
The price is below all major moving averages: 20-day 1.2776, 200-day 1.2706, 200-week 1.2833, 50-week 1.4344.
If daily closes below the range continue, the first support is the 1.12 - 1.13 zone (June and July lows), followed by 1.044 - 1.050. The lowest level is the August low at 0.9862.
A daily close above 1.1843 is needed to reclaim the range; in that case, the levels I marked on the chart—1.2002 - 1.2706 - 1.3414—will be the successive targets.
I'll keep following it.
Not investment advice.
Current outlook.
Folks, Ripple $XRP is slipping below the 1.1646 - 1.1843 range formed by the July highs. It closed November 7 at 1.164, just below the range, and dipped to 1.15 during the day yesterday. It's currently around 1.160.
The price is below all major moving averages: 20-day 1.2776, 200-day 1.2706, 200-week 1.2833, 50-week 1.4344.
If daily closes below the range continue, the first support is the 1.12 - 1.13 zone (June and July lows), followed by 1.044 - 1.050. The lowest level is the August low at 0.9862.
A daily close above 1.1843 is needed to reclaim the range; in that case, the levels I marked on the chart—1.2002 - 1.2706 - 1.3414—will be the successive targets.
I'll keep following it.
Not investment advice.
