- Ripple headed towards support on the medium term chart.
- The bounce thereafter, but not far enough.
Ripple, the payments sloution cruptocurreny with aim to solve and streamline global payments system, is headed towards lower currently, but not too low as there’s a decent support just around the corner which should result into a bounce that won’t take the bulls far enough.
XRP/USD is down more than 1 percent on day at $0.3229, just a tad above the low of the day. On the hourly chart, the crypto is giving signs of a tick towards south where the ascending trendline rests to limit any further downside.
The bounce after would certainly take it towards the descending trendline, that would act as a stiff resistance, placed around $0.34 currently.
XRP/USD hourly chart:
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