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.
Заметка
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...
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.