- Ripple sits exactly at resistance line.
- Downside of about 10-12 pct from here.
Ripple the crypto whose parent company aims to solve global cross-border payments system, is sitting just at the resistance line on the medium term chart from where the downside could be about 10-12 percent from current price.
XRP/USD is up about one percent on day at $0.423, middle point of day’s range. On the 240-minute chart, XRP is sitting exactly at the descending trendline resistance, drawn from the highs made last month.
From here, the downside is all the way towards $0.36-0.37, which is where lies another descending trendline support, the bounce or fall from there would result in another sharp move in the crypto just like last month.
XRP/USD 240-minute chart:
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