Ripple remains in a sideways pattern on Friday and shows little signs of a recovery attempt towards $0.3400. This comes as the broader market records a soft rebound, following reactions to the NFP and Unemployment data releases.
That said, a sustained recovery above the $0.3500 mark seems unlikely at the moment. At the same time, a fall below the $0.3200 mark remains significantly unlikely, given how bulls have defended that line since July. In that case, we’re likely to see a sideways continuation in the coming days.
Meanwhile, my resistance levels are $0.3400, $0.3500, and $0.3600, and my support levels are $0.3200, $0.3000, and $0.2800.
Total Market Capitalization: $992 billion
Ripple Market Capitalization: $16.2 billion
Ripple Dominance: 1.64%
Market Rank: #7