Ripple falls back from first upside test
Yesterday, as noted here, Ripple (XRPUSD) did have a brief look above its 200 day moving average, but that move was not sufficient in terms of proving conclusive. The failure to hold that gain yesterday, coupled with a relapse in both BTC and Ether today has helped to push Ripple back below 0.67 earlier this morning. The low set earlier was at 0.6660. It has rebounded slightly since then, but it is now well below that technically important resistance level once again. That is in place right now today at 0.7290. Notwithstanding that fact, the overall chart dynamic does remain modestly positive in terms of its immediate configuration. However, without a further rise above that 200 day moving average, that may not last. XRPUSD is just now trading at 0.6810
Tags
Exchange BTC
Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.
Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.