XRP falls below 0.2 Dollars
Quote from CryptoKing on May 25, 2020, 5:32 amKey Support & Resistance Levels
XRP/USD:
Support: $0.192, $0.18, $0.175.
Resistance: $0.207, $0.215, $0.225.
XRP/BTC:
Support: 2100 SAT, 2070 SAT, 2022 SAT.
Resistance: 2200 SAT, 2300 SAT, 2360 SAT.
XRP/USD: XRP Losing The $0.2 Level
The break beneath $0.2 has caused XRP to lose its long-lasting number 3 rank on the top cryptocurrencies by market cap to the USDT stablecoin. XRP currently holds an $8.79 billion market cap value while Tether is holding an $8.8 billion market cap as it takes over XRP. The battle is still ongoing.
Since dropping beneath the 100-days EMA in May, XRP has failed to close back above the critical line for the past 14 days of trading. The coin has pretty much been trading sideways between $0.207 (100-days EMA) and $0.192 (.382 Fib Retracement) throughout this period. XRP must break this range to dictate the next direction.
Key Support & Resistance Levels
XRP/USD:
Support: $0.192, $0.18, $0.175.
Resistance: $0.207, $0.215, $0.225.
XRP/BTC:
Support: 2100 SAT, 2070 SAT, 2022 SAT.
Resistance: 2200 SAT, 2300 SAT, 2360 SAT.
XRP/USD: XRP Losing The $0.2 Level
The break beneath $0.2 has caused XRP to lose its long-lasting number 3 rank on the top cryptocurrencies by market cap to the USDT stablecoin. XRP currently holds an $8.79 billion market cap value while Tether is holding an $8.8 billion market cap as it takes over XRP. The battle is still ongoing.
Since dropping beneath the 100-days EMA in May, XRP has failed to close back above the critical line for the past 14 days of trading. The coin has pretty much been trading sideways between $0.207 (100-days EMA) and $0.192 (.382 Fib Retracement) throughout this period. XRP must break this range to dictate the next direction.
