Ripple (XRP) price is in a downward correction while consolidating above the $0.38 support. The upward movement was limited by the 21-day line SMA.
Long-term forecast for the Ripple (XRP) price: bearish
The altcoin was pushed off during the price increase on May 31, when it reached the high of $0.43. The bears pushed the altcoin below the 21-day line SMA. In general, the price movement was insignificant as the Doji and Spinning Tops small-bodied candles are indecisive.
If XRP rises above the $0.38 support, the market will rise to the next resistance at $0.46. The bullish momentum will extend to the high of $0.50 if the current resistance is broken. On the downside, the bulls have defended the current support after the May 12 plunge. The altcoin will retake the previous low at $0.33 if the bears break below the support at $0.38.
ការវិភាគសូចនាករទ្រីផល (XRP)
Ripple is at level 38 of the Relative Strength Index for the period 14. The cryptocurrency is trading in the downtrend zone as XRP falls below the moving averages. The cryptocurrency price is below the moving averages, indicating a further decline. XRP is below the 40% area of the daily stochastic. The market is in a bearish momentum.
សូចនាករបច្ចេកទេស:
កំរិតតស៊ូសំខាន់ - ០,៨០ ដុល្លារនិង ០,៨៥ ដុល្លារ
កំរិតគាំទ្រសំខាន់ៗ - ០,៤៥ ដុល្លារនិង ០,៤០ ដុល្លារ
តើអ្វីទៅជាការផ្លាស់ប្តូរបន្ទាប់សម្រាប់ Ripple (XRP)?
Ripple is consolidating above the $0.38 support. The price movement is slow due to the doji candlesticks. Meanwhile, on May 12 downtrend; a retraced candlestick body tested the 78.6% Fibonacci retracement level. The retracement suggests that XRP will fall to the level of 1.272 Fibonacci extension or $0.25.
ការបដិសេធ។ ការវិភាគ និងការព្យាករណ៍នេះគឺជាគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធ ហើយមិនមែនជាការណែនាំដើម្បីទិញ ឬលក់រូបិយប័ណ្ណគ្រីបតូ ហើយមិនគួរត្រូវបានចាត់ទុកថាជាការយល់ព្រមដោយ CoinIdol នោះទេ។ អ្នកអានគួរតែធ្វើការស្រាវជ្រាវដោយខ្លួនឯងមុនពេលវិនិយោគ
Source: https://coinidol.com/xrp-consolidates-indecisive/