Friday, 18 September 2020

XRP strives to recapture $0.32

On Sunday, August 2, Ripple’s XRP surged to a peak of $0.3214. It was the first time in 2020 since February that XRP rose above $0.30. Back in February it was at the $0.33 mark.

Of course, XRP is in a clear uptrend way above any daily EMA and still trading at $0.302. Buyers need to set a support level around this area in order to get another healthy leg up. The most important

resistance level is now $0.346, the 2020-high established in February. As for support, XRP can only rely on psychological levels like $0.30 and the daily 12-EMA at $0.253 and the 26-EMA at $0.2294.

A short while ago, XRP managed to recover its top-three spot on CoinMarketCap, pushing Tether’s USDT backward.


source: fxstreet.com

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