Ripple analysis for July 23

Ripple managed to find support in the region of $0.43, and also to break the resistance of the downward trend line on the hourly chart of the pair XRP / USD ($ 0.45). In the near future bulls can make an attempt to break through the resistance of $0.4620 and a simple moving average for 100 hours. Last week there was a rapid drop in the Ripple rate from above$ 0.50 to support levels of $0.46 and$ 0.45. Support $0.45 and a simple moving average for 100 hours was broken, and the minimum was reached at$ 0.4292, where the bulls managed to stop the retreat. Soon, the XRP course went up. After overcoming the level of $0.44, the resistance of the downward trend line on the hourly chart of the pair XRP / USD ($ 0.45) was broken. Nevertheless, the resistance of a simple moving average for 100 hours ( $0.4620) turned out to be a "tough nut" and delayed the growth of Ripple. For, to ensure further growth, Ripple will need to break through the resistance of$ 0.4620.

Replies (1)

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by victoria53497 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.