Ripple’s XRP is struggling below a descending trend line on the hourly chart.
The market cap fell 2.66% overnight, registering $19.17 billion.
The RSI indicator turned down after reaching the semi-line (point 50).
Ripple’s XRP price is falling as a result of decreased buying pressure. Despite a brief setback, the XRP price appears to be on the mend. Buyers are barely keeping XRP costs from seeing another large price correction. As a result, the cryptocurrency price remained above the previous swing low of $0.37.
The bears have painted the third red candle of the week, and the week appears to be tumultuous. As a result, the current price movement represents the lower-to-higher context of the daily price scale. As a result, bears discovered a buying zone along the declining trend line (bottom of the chart). If buyers can quickly break past the horizontal barrier, $0.45 will be the next selling area.
Source: XRP/USDT by tradingview
At the time of writing, XRP coin is trading at $0.
We współpracy z: https://www.thecoinrepublic.com/2022/12/15/xrp-price-held-at-crucial-level-can-we-expect-a-santa-rally/
