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#Post#: 524--------------------------------------------------
Ripple( XRP) Slight Price Recovery Indicates Chances of Selling
By: AlexaneJohnson Date: November 25, 2019, 7:34 am
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[center]Ripple Price Analysis
[/center]
[center]The past few market sessions witnessed a nasty decline
in Ripple’s prices below the support levels $0.2350 and $0.2250
against the United States Dollar. Furthermore, the XRP/USD pair
declined by at least 10% to effectively test the key support
level of $0.2000.[/center]
[center][img width=400
height=222]
HTML https://s3-ap-southeast-2.amazonaws.com/www.cryptoknowmics.com/crypto/wp-content/uploads/2019/11/ripple-new1.jpg[/img][/center]
[center]While the price settled well downwards the 100 hourly
simple moving average , a fresh multi-month low formed around
the $0.2003. Currently, the price correction is performing a bit
higher above the $0.2050 and $0,2080 resistance levels. A glance
at the main resistances, an upside is noticeably forming within
the $0.2180 price level.
The 50% Fib retracement level
The 50% Fibonnaci retracement level of the recent decrease to
$0.2003 low and $0.2349 high is also closing on to the $0.2180
level to form a minor resistance. In addition, a key bearish
trend line appears to move along with the resistance near the
$0.2250 on the hourly XRP/USD trade pair chart. [/center]
[center]source>>
HTML https://www.cryptoknowmics.com/news/ripple-xrp-slight-price-recovery-indicates-chances-of-selling
[/center]
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