The post XRP Establishes Support Above The Previous Low Of $0.49 appeared on BitcoinEthereumNews.com.

Jun 09, 2024 at 14:19 // Price The price of Ripple (XRP) has fallen, reaching a low of $0.45 before recovering. Ripple coin analysis by Coinidol.com. Long-term analysis of XRP: ranging The cryptocurrency has returned to its range after the downturn. The price of the altcoin is hovering between $0.46 and $0.54. Today, the altcoin has fallen and is hovering just above the support level of $0.49. If XRP remains at the low of $0.49, it will resume its movement within the limited range. Further depreciation of the cryptocurrency is unlikely as the altcoin has remained above the support level of $0.49 since April 17. On the upside, the altcoin will resume a positive trend if it breaks above the moving average lines. XRP is worth $0.49 at the time of writing. XRP indicator analysis After the price breakout, the price bars have fallen well below the moving average lines. The bulls have stopped the slide above the $0.49 support. The candlesticks have long tails, indicating significant buying pressure at lower price levels. Technical indicators: Key resistance levels – $0.80 and $1.00 Key support levels – $0.40 and $0.20 What is the next direction for XRP? On the 4-hour chart, the altcoin is bearish and is in a sideways trend. The price of the altcoin is hovering between $0.49 and $0.54. On May 13, the altcoin established support above the existing support level and resumed its uptrend. Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. Source: https://coinidol.com/xrp-establishes-support/

---

Filed under: News - @ June 9, 2024 4:26 pm