Ripple's XRP is facing resistance at the $0.5200 level after failing to clear the $0.5850 resistance against the US Dollar. XRP is now trading near $0.5065 and the 100 simple moving average (4 hours), with a major bullish trend line forming with support near $0.5065 on the 4-hours chart of the XRP/USD pair. If XRP fails to clear the $0.520 resistance zone, it could continue to move down with initial support near the $0.500 zone and the next major support near $0.485. In the worst-case scenario, the price could test the $0.465 support zone. (newsbtc)
All Comments