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2022-10-19 15:47:12

Ripple (XRP) Clings To Support As Bearish Divergence Plays Out; Will $0.44 Hold?

XRP’s price struggles to hold above key support as the price needs to hold above $0.44 to maintain its bullish run. XRP continues to struggle as bearish divergence appears on the daily timeframe suggesting a change in trend could be imminent. The price of XRP continues to trade below the 200 Exponential Moving Average (EMA) as 50 EMA acts as support on the daily timeframe. The price of Ripple (XRP) in the past few weeks has seen more traction as the price showed strength rallying from its weekly low to a high of $0.52. Despite so much uncertainty that befalling the crypto market in the past few weeks as the price of Bitcoin (BTC) and other crypto assets like Ethereum (ETH) saw a slight setback in their price movement, the price of Ripple (XRP) showed strength as it produced green moments for traders who invested into this asset. (Data from Binance) Related Reading: Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics Ripple (XRP) Price Analysis On The Weekly Chart. The price of Ripple (XRP) in recent weeks showed some great price movement, with so many traders and investors becoming interested after winning its law case that had dragged the price of XRP to the downside from a high of $2 to a weekly low of $0.3. XRP’s price rallied from the weekly low of $0.3 to a high of $0.54, showing some great price action before facing resistance to breaking above this region. A break and close above $0.54 w...

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