Short

XRP could go to $0.30 to find support

On April 19 and 20, the bulls tried to recover XRP's price and push it above the 20-day EMA ($0.49), but the bears did not relent. The bulls tried to stop the decline near the 50% Fibonacci retracement level of $0.47, but the bears pulled the price below it.

The XRP/USDT pair may next drop to the 200-day SMA ($0.41), and it seems that the pair may trade inside a large range between$0.56 and $0.30 for a while longer. If the price bounces off the 200-day SMA, the pair may trade in the upper half of the range, while a break below it may keep the pair stuck in the lower half.

Let me know what you think!
Follow me for more TA!

TradeViewDemiGod

Also on:

TradeViewDemiGod

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.