- Ripple is locked within the key support zone between $0.1750 and $0.2000.
- The August 12 death cross at $0.3460 impact continues to intensely push Ripple through primary support zones.
Spot rate: $0.1873
Relative change: -0.009052
Percentage change: -4.56%
Trend: Bearish
Volatility: Expanding
XRP/USD daily chart
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Ripple’s affinity to declines increases ahead of the holiday session.
The RSI inability to escape the oversold region shows that the sellers’ grip still quite strong.
Expected consolidation above the primary support at $0.1750 has to culminated in gains above $0.20 to renew movement towards $0.3000.
XRP/USD 1-hour chart
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Ripple slides below the moving averages as selling pressure intensifies in the near term.
The downward momentum digs deeper into the Bollinger Bands 1-hour, expecting the lower curve to contain the potential losses towards $0.1750.
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