Jan 21, 2020 at 12:50
Ripple Rallies but Lacks Buying Power at Higher Price Level
Relatively, Ripple has been stable above $0.23 since January 14. However, its further appreciation to the high of $0.25 was quite encouraging in the last 48 hours. Surprisingly, Ripple crashed to the $0.23 support level. The bulls could not sustain the price at the upper price level because of selling pressure. There seems to be more sellers than buyers at the upper price level.
Jan 18, 2020 at 12:40
Ripple Rises but has One More Hurdle Before an Uptrend
In the last 24 hours, the bulls made another attempt at the $0.24 resistance but were repelled. The coin found support at $0.23. In the first effort, the bulls were also repelled but the coin dropped to the low of $0.22. The bottom line is that if the bulls break the $0.24 resistance, Ripple will rise and reach the $0.30 and $0.31 price levels.
Ripple Rallies Breaking Key Resistances
Ripple made an unexpected move above the overhead resistance at $0.23. Unfortunately, the bulls failed to hold the price at that level as the coin slumped to the low of $0.22. Sellers are still having the upper hand over buyers. Buyers made their way to the $0.24 price level but were pushed down to the low of $0.22. In a nutshell, XRP will need more buyers at the upper price level.
Ripple Fluctuates but Unable to Reach Target Price of $0.23
Ripple has repeatedly continued to fluctuate between $0.21 and $0.2250. The price movement has remained constant within the current price range because of the XRP's lack of buyers at a higher price level. This lack of buyers is a major constraint for Ripple. The price movement will not perform any magic until more buyers are introduced into the market.
Ripple Attempts to Bounce, Targets $0.23 Price Level
Ripple is back in the bullish trend zone after a disappointing fall. It is making another positive move to retest the former price level. This present move is to break $0.2250 resistance and rally above $0.23. The $0.23 resistance had been a knotty price level since November. The bulls have had one opportunity to break it but were repelled in November.
Ripple Faces Stiff Resistance, A Retest above $0.22 Likely
Surprisingly, Ripple has fallen to a low of $0.20; notwithstanding its earlier rally to $0.22. It is a fact that Ripple had been trading between $0.18 and $0.20 since December 17. The sharp upward move was presumed to be a positive move to take the coin out of the downtrend.