What's going on with Ripple (XRP)?  19 August 2023

What’s going on with Ripple (XRP)? 19 August 2023

Ripple (XRP), which reached $0.42 due to a decline in Bitcoin (BTC), is looking for upward momentum.

In a downtrend from $0.646 XRP, came down to $0.42 in a very short time. The dominant coin, which broke the support points one by one with the price action in bitcoin, is currently trading at $0.50. What levels are important for XRP to follow, which has managed to survive better than other altcoins?

Ripple (XRP) Chart Analysis

Contact us to be notified immediately about last minute developments. Twitter They Wire You can follow our channel.

XRP, which is correcting lower from $0.646, found support at $0.42. The popular coin, which managed to overcome the next two resistances, is currently hovering at $0.504. Resistance points for XRP investors to watch are located at $0.527 – $0.546 – $0.565 – $0.646 and $0.668 respectively.

If BTC sustains below $25,000, XRP could decline again. Support points that can be followed in this process are $0.493 – $0.42 – $0.367 and $0.345, respectively. A breakout of the $0.42 area will have an impact on the short- to medium-term price action of XRP.

screenshot 2023 08 19 10.51.34






Leave a Reply

Your email address will not be published. Required fields are marked *