Ripple’s (XRP) price has slumped to $0.57 at the time of writing. At the same time, the bulls buy the dips to resume upward but the selling pressure has overwhelmed the bullish move. This renewed selling pressure was caused by the crypto’s confinement in a range.
On June 8, XRP dropped to $0.78 and resumed a range-bound move between $0.78 and $0.90. After a week of price fluctuations, the bears broke below the $0.78 support.
The XRP price pulled back and retested the $0.78 price level before resuming downward. The retest at the $0.78 price level confirms a renewed selling pressure. Today, the bears have broken the previous low of $0.65. On May 23 the bulls bought the dips at the same price level as the market resumed upward. Ripple has another chance of a possible rebound. If the crypto rebounds, XRP will rally to $1.10 high. However, the bears have broken this low; the market is likely to decline to either $0.39 or $0.36 low.
রিপল সূচক বিশ্লেষণ
Ripple is at level 31 of the Relative Strength Index period 14. It indicates that the market has reached the oversold region of the market. It also means that the selling pressure has been exhausted. The 21-day and the 50-day SMAs are sloping downward indicating the downtrend.
প্রযুক্তিগত নির্দেশক:
প্রধান প্রতিরোধের স্তরগুলি - $ 1.95 এবং 2.0 ডলার
প্রধান সমর্থন স্তর - $ 0.80 এবং 0.60
রিপলের পরবর্তী পদক্ষেপটি কী?
Ripple is in a downward move. On May 19 downtrend, the bears broke below the moving averages. Also, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ripple is likely to fall to level 1.618 Fibonacci extension or level $0.28.
অস্বীকৃতি এই বিশ্লেষণ এবং পূর্বাভাস হ'ল লেখকের ব্যক্তিগত মতামত ক্রিপ্টোকারেন্সি কেনা বা বেচার জন্য সুপারিশ নয় এবং এটি কইনআইডলকে সমর্থন হিসাবে দেখা উচিত নয়। পাঠকদের বিনিয়োগের আগে তাদের নিজস্ব গবেষণা করা উচিত
