The last day of the workweek came with yet another volatile session for the XRP token, during which we saw its price moving up and down in the $0.228-$0.243 area. The XRP/USD pair registered a small loss to $0.236.
The weekend of February 29 - March 1 started with a fresh test of the current support level at $0.22. The coin closed the day and the month at $0.228 and managed to keep above the mid-term uptrend line started on December 18 when we bottomed at $0.172. The short-term downtrend was still valid as the "ripple" ended February with a 4 percent loss.
On Sunday, March 1, the coin made another step back, this time to $0.226 and ended the seven-day period with a 20 percent decrease.
The trading day on Monday, March 2 started with a solid green candle as the whole cryptocurrency market was seeing a green wave. The major altcoin moved up to $0.238 or right at the edge of the already-mentioned channel (as seen on the chart).
Next from here is to ensure we have enough buying power and incoming volume to support a move towards the zone above $0.25 and then $0.28. A fall below the current support zone around $0.22-$0.23 will result in a drop to $0.18.
The weekend of February 29 - March 1 started with a fresh test of the current support level at $0.22. The coin closed the day and the month at $0.228 and managed to keep above the mid-term uptrend line started on December 18 when we bottomed at $0.172. The short-term downtrend was still valid as the "ripple" ended February with a 4 percent loss.
On Sunday, March 1, the coin made another step back, this time to $0.226 and ended the seven-day period with a 20 percent decrease.
The trading day on Monday, March 2 started with a solid green candle as the whole cryptocurrency market was seeing a green wave. The major altcoin moved up to $0.238 or right at the edge of the already-mentioned channel (as seen on the chart).
Next from here is to ensure we have enough buying power and incoming volume to support a move towards the zone above $0.25 and then $0.28. A fall below the current support zone around $0.22-$0.23 will result in a drop to $0.18.
הערה
XRP trying to defend the mid-term uptrend here. It hit the lower end of the channel today, which now is in line with $0.23. Let's see how it goes from here...
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.