Ripple (XRP) Tumbles Again as Market Breaches Support at $0.22
The market is fluctuating above the $0.21 which is an occasion for buyers to climb and sustain hold above the $0.22. Failure of the bulls to sustain hold will create a gradual decline of XRP. Undoubtedly, sellers will push the coin to retest the low at $0.20 when the downtrend recommences. Ripple will be in a serious depreciation if the low at $0.20 collapses.
Ripple (XRP) Indicator Analysis
The EMAs act as a resistance to the coin. Ripple is repelled each time the coin tested the EMAs. Ripple fell and it is approaching level 29 of the RSI. This signifies that bulls may come in as the market reaches the oversold region.
Key Supply Zones: $0.35, $0.40, $0.45
Key Demand Zones: $0.25, $0.20, $0.15
What Is the Next Direction for Ripple (XRP)?
Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.