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XRP still just about holding its own

21 May, 2021

The last update here on the progress of Ripple (XRPUSD) noted that the leading Alt coin had found support under $1.35 and that level was likely to provide a platform for some further upside. At the time it was trading around 1.53 when that observation was made. Well, it did manage to make some gains, rising to as high as $1.703 around Tuesday lunch time. However, the drop back to as low as 0.9285 completely unravelled all the previous price action and support levels as the panic spread across the entire crypto sphere. The rebound to as high as 1.26 yesterday has seemingly run out of steam too. XRP is trading mostly sideways today and is clearly not yet ready to make a bolder move higher having had all the stuffing knocked out of it this week. It does remain to be seen just what price action will unfold over the coming weekend. Anyone who has not yet been knocked out of this one might want to hold their breath as the twilight trading zone approaches. XRPUSD is currently trading at $1.1195

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