XRP Price Prediction: XRP/USD Market Hasn’t Recovered Since It Lost Momentum Below $0.80 Value

    XRP Price Prediction – January 1
    XRP’s market-worth as traded against the valuation of the US Dollar has been under selling pressures since the crypto couldn’t swing northward past a resistance level at $0.80

    XRPUSD Market
    Key Levels:
    Resistance levels: $0.40, $0.50, $0.60
    Support levels: $0.15, $0.10, $0.05

    XRPUSD – Daily Chart
    The market-valuation of XRP/USD has subjected to a series of significant decreases throughout trading sessions. On Dec. 4, a bearish candlestick formed as a confirmation sign against the 14-day SMA smaller trend-line below $0.70 point. Meanwhile, the 50-day SMA trend-line has been intercepted by the smaller SMA trend-line from the top. That firmly signifies the current bearish pressures in the market.

    Where is XRP Price Going Next?
    There has been no visible indication that the XRP/USD bulls will quickly reverse against the present bearish pressures it’s been facing for quite a while. The downward pressures still appear not to have been completely exhausted. Nevertheless, traders need to be wary of their entries around the current trading level at $0.20 to avoid being trapped by the market.
    At this point in the trading line, it is ideally technical that investors may consider coming into the crypto-trade. Likewise, traders may as well reposition their stands to be on the lookout for any possible bearish reversal sign around the $0.20 as the crypto-market may use the next $0.15 line to find support.

    XRP/BTC Price Analysis
    Comparing the XRPBTC trade with the XRP/USD market, there’s more slight selling pressure in the crypto-market of the former pair than the latter. The Smaller SMA trading indicator showcases that on the chart. As a result of that, the XRP/BTC trade operations may have to witness trading a new lowest value ever as it averages B0.000005.

    XRP Price Prediction: XRP/USD Market Hasn’t Recovered Since It Lost Momentum Below $0.80 Value


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