Here we are analyzing XRP/USD on the 4H chart.
Currently the price is trading at 1.11, supporting on the side-wards resistance ,
Price will now likely test the moving averages and use them as a new support level . Coupled with the fact we have the side-wards resistance turned support, we could see price to to upside target of $1.34
I am expecting Ripple to recover lost ground now as the trend is having a legitimate turn.
With $610 in 24-hour trading volume, things are not looking all that bad for XRP right now. With a circulating supply of 139,009,215,838 XRP out of a max of 99,992,725,510 XRP.
The vast majority of top altcoins still struggle to get past $250m in 24-hour trading volume, and it is evident that trend will not change anytime soon.
Dont forget to follow if you want to be noticed ;)
Don't hesitate to tell me what you think !
Currently the price is trading at 1.11, supporting on the side-wards resistance ,
Price will now likely test the moving averages and use them as a new support level . Coupled with the fact we have the side-wards resistance turned support, we could see price to to upside target of $1.34
I am expecting Ripple to recover lost ground now as the trend is having a legitimate turn.
With $610 in 24-hour trading volume, things are not looking all that bad for XRP right now. With a circulating supply of 139,009,215,838 XRP out of a max of 99,992,725,510 XRP.
The vast majority of top altcoins still struggle to get past $250m in 24-hour trading volume, and it is evident that trend will not change anytime soon.
Dont forget to follow if you want to be noticed ;)
Don't hesitate to tell me what you think !