Ripple Technical Analysis - May 30, 2022

Ripple is on a sideways slide but is in danger of falling further to $0.33. However, the uptrend will resume if the resistance at $0.46 is broken.

Ripple (XRP) Long Term Analysis: The cost of Bearish Ripple (XRP) is on a sideways shift as the altcoin is in danger of falling further to $0.33. However, if the bears break below the $0.40 support, XRP will drop and touch the $0.33 low again. Likewise, if XRP bounces above the $0.40 support, XRP will rally above the $0.46 resistance. Bullish encouragement will extend to previous highs.

Ripple (XRP) Indicator Analysis As much, May 12 downtrend; a retraced candlestick human body tested the 78.6% Fibonacci retracement degree. Retracement suggests XRP will fall to degree 1.272 of the Fibonacci expansion or $0.25 Ripple is at degree 33 of the Relative Strength Index for timeframe 14. XRP is still in the downtrend sector as it consolidates above support from $0.40. The downtrend will culminate if the cost breaks above the moving averages. XRP is above the 35% range of the daily stochastic.

Ripple Consolidates Above $0.40 As It Is In Danger Of Dropping Further To $0.33 XRP/USD – Daily Chart Technical Indicators: Major Resistance Levels – $2.00, $2.50, $ 3.00 Major Support Levels: $1.50, $1.00, $0.50 What is the next direction for Ripple (XRP)? The market is in a bullish time. On May 23, the bulls tried to push XRP to previous highs, however they were repelled. XRP has pulled back above the $0.40 support from the rejection. Throughout the past week, XRP was forced to resume a sideways shift. The altcoin has been fluctuating between the $0.40 and $0.46 cost levels. On the downside, the bulls were defending the present support after pulling back from the $0.33 low.

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