Ripple(XRP) Daily analysis - Long position
Hi everyone
Since April 1, 2022, when we saw a sharp drop in xrp, this currency has been fluctuating in the $0.28 to $0.50 channel for about 10 months.
It has already reached a strong long-term resistance line at $0.36
And the support range is $0.28.
On January 1, 2023, it experienced a 12% drop, which, of course, returned to the price of 0.34 within a few minutes, and according to that, in a situation where xrp can cross the resistance line and Bitcoin's movement is still upward, the possibility of price increase up to $0.50 is there, although we can't say for sure until it stabilizes above $0.37.
Since April 1, 2022, when we saw a sharp drop in xrp, this currency has been fluctuating in the $0.28 to $0.50 channel for about 10 months.
It has already reached a strong long-term resistance line at $0.36
And the support range is $0.28.
On January 1, 2023, it experienced a 12% drop, which, of course, returned to the price of 0.34 within a few minutes, and according to that, in a situation where xrp can cross the resistance line and Bitcoin's movement is still upward, the possibility of price increase up to $0.50 is there, although we can't say for sure until it stabilizes above $0.37.
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