Over the past week, XRP has registered a range trend below the resistance range of $0.396 to $0.422. After the price left the short-term ascending channel, the range trend continued according to the previous analysis. Support is considered in the range of $0.350, which in case of correction of the prices in the price market, we can predict a drop in the price of Ripple to this range. Also, if Ripple crosses the resistance range of $0.40, and a high volume of transactions is registered to confirm the failure, Ripple can grow to the next resistance in the range of $0.440-0.450.
But with a high probability, the direction of the price movement is towards the specified supports. If the fall is severe, and the momentum of the downward movement causes the fake break on the support of $16,000 Bitcoin, Ripple can decrease to the range of $0.295 to $0.305. Of course, the support levels considered for Ripple are strong, but if the intensity of the selling pressure breaks these ranges, the price floor that was considered for Ripple in the $0.200 range can be the sellers' target.
But with a high probability, the direction of the price movement is towards the specified supports. If the fall is severe, and the momentum of the downward movement causes the fake break on the support of $16,000 Bitcoin, Ripple can decrease to the range of $0.295 to $0.305. Of course, the support levels considered for Ripple are strong, but if the intensity of the selling pressure breaks these ranges, the price floor that was considered for Ripple in the $0.200 range can be the sellers' target.
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