Business and FinanceNEWS

Ripple on EXMO – XRP Price Analysis: Possible Support Break

ripple cryptocurrency

Ripple is going to be a trading potion on the EXMO cryptocurrency platform while being paired with BTC, USD, RUB.

EXMO cryptocurrency platform has successfully expanded its number of trading instruments – Ripple (XRP) has been added to the listing. The deposit/withdrawal operations are already available in the “Finance” section. This was a continuation of the platform adding well-known cryptocurrecies, with ZCash being known for its anonymity which was integrated previously on EXMO.

ripple prediction

Source: coinamrketcap

When it comes to its price development, XRP against the US Dollar could very well retest the $0.1950 supporting level before making any move upwards. There is a spiking movement in both ways as the value struggles to move above the $0.2100 against the USD.

xrp dollar cryptocurrency

At the moment, the pair is just above the trend line support at $0.2030 and the 100 hourly SMA. Once there is a break and close below $0.2000, there can be a downside push towards $0.1950. An immediate support sits around the 50% Fib retracement level of the last wave from the $0.1880 low to $0.2093 high.

ripple prediction

For the near term understanding, the most important support holding the price up is at $0.1950 and the 61.8% Fib Retracement level of the above mentioned increasing flow. However, if buyers are able to gain momentum over the $0.2100 mark, the pair XRP/USD could very well head for $0.2250.

Important Levels:

  • Major Support  – $0.2000
  • Major Resistance  – $0.2100

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About author

Writer, EthereumWorldNews | [email protected] - Sam is an electrical engineer with years of passion writing for subjects that target or approximately do, his field of study. Now he is a full time writer for the team of Ethereum World News.
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