- Ripple price bullish comeback on Thursday rose against all odds to test the resistance at $0.18.
- XRP/USD loses over 3% of its value on Friday as focus shifts from $0.18 to $0.15.
Spot rate: $0.1602
Relative change: -0.0050
Percentage change: -3%
Trend: Bearish
Volatility: Low
XRP/USD 4-hour chart
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Ripple price recovery hit a wall at $0.1745 during the recovery staged on Thursday. The seller congestion zone at $0.18 was left untested, as sellers rushed in an attempt to push for revenge. At the time of writing, the bears appear to be winning with XRP trading barely above $0.16.
The RSI retreat started even before overbought conditions. Downward slope signals that bearish pressure is increasing and the losses could continue towards $0.15. Support is expected at $0.1580, the 100 SMA on the 4-hour chart and $0.14 (major support).
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