- Ripple deals with low trading activity as bulls hibernate following a false breakout.
- A short-term improving technical picture suggests correction above $0.25 is imminent.
Spot rate: $0.2484
Relative change: -000048
Percentile change: 0.01%
Open: $0.2484
Low: High: $0.2495
Trend: Bullish
XRP/USD daily chart
-637056025597957557.png)
Ripple slows down the downtrend after hitting a snag at the 50 simple moving average.
$0.24 is coming up as a credible support area defending the crypto from breaking down to test recent lows under $0.22.
XRP/USD 240′ chart
-637056027169403025.png)
Short-term technical indicators suggest that Bitcoin sideways trading above $0.24 will continue in the near-term.
The breakout above $0.24 failed to make headway in the resistance range between $0.26 and $0.28.
XRP/USD 60′ chart
-637056027800514188.png)
Flag pattern consolidation gave in to declines; Ripple currently struggling to push for recovery above $0.245.
An improving bullish picture is in tandem with the trend seen with the relative strength index.
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