FX.co ★ Ripple Found Demand Again!

Ripple is trading in the green at 0.8691 after reaching a strong support area. The crypto has decreased to test and retest some support levels before starting to increase again. The selling pressure was still high, so the last decline was natural.

The price of Bitcoin has decreased, so the altcoin's drop was expected. XRP/USD has signaled that the downside movement could be over and that the buyers could take the lead again.

Ripple Bounce Back!

Ripple has found strong support on the 150% Fibonacci line and now is traded back above the S1 (0.8525). Consolidating above this level could announce a new upside momentum in the short term.

Its failure to retest the 150% Fibonacci line of the major descending pitchfork signaled that the drop could be over.

Ripple Outlook!

Its failure to stabilize below the S1 (0.8525) and staying above the 150% Fibonacci line could bring an increase. Closing above 0.8863 immediate high could activate a potential growth.