XRP Analysis

  • Ripple price was on a steady road to recovery but reversed quickly after Elon Musk’s tweets.
  • XRP is currently finding support on the recently flipped supply zone, ranging from $0.949 to $0.985.
  • A decisive close below $0.934 will invalidate the bullish outlook and potentially trigger a downtrend.

Ripple price dropped sharply as it pierced the immediate demand zone. While the uptrend seems to be in jeopardy, it can be revived if XRP manages to close above the said support area.

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