- XRP price steeply fell below its crucial support levels; even after initial recovery, it is below the 38.20% Fib level
- The recent fall has caused notable S/R flip; now, resistance levels stand above the 61.80% fib level
- Ripple re-enters the volatile spell; tested supports below $0.16 thrice over a day
The Crypto market has recently welcomed yet another bearish blow, however, weaker as compared to the previous ones. Bitcoin price
Another prominent altcoin, XRP, has also fluctuated quite noticeably as it has just formed a new low of the day at $0.1580. The currency has recently breached the support level at $0.1590, and now it is rebounding from the dip.
The coin opened yesterday above $0.1590, and while it went through rapid ups and downs, it maintained its gradual and slow upward movement till it saw the very recent nosedive. Ripple price
aimed to hit the $0.17 price mark, but the steep resistance stopped the coin at $0.1657.The sharp pullback took the XRP price as low as $0.1580, and here a supporting dip has been formed. Now, it is to be seen how long the coin takes to recover above $0.1690. Looking at its technicals, The moving averages have just formed a bearish crossover and are yet to respond to the recently started recovery.
Also, the sharp fall has pulled the Ripple price below the 200-day EMA line showing a negative signal. Meanwhile, the MACD chart is waiting to form a bullish crossover. Check our XRP Predictions by an industry expert to know more about the future XRP prices.