Cryptolean Ripple XRP Update
Yesterday, XRP dipped to below the key daily support at $0.593 and we need to wait for today's daily candle closure.
I would like to avoid a sustained price action below $0.593.
An inability to sustain the price action above $0.593 will lead to a decline to $0.543 and we will see a considerable slow down in the price momentum.
A bullish break-out of $0.593 will result in a re-test of $0.65-$0.675 zone.
Intraday chart
In the 4-Hour chart of XRPUSDT, the #Ripple coin is in the bearish territory and teasing the intraday support at $0.586.
A bullish rejection of $0.586 could push #RippleXRP price for a re-test of $0.618, and possibly higher to $0.68.
A ibearish break-out of $0.586 will result in another bearish dip towards $0.519-$0.547, the next key intraday support zone.
I would like to avoid a sustained price action below $0.593.
An inability to sustain the price action above $0.593 will lead to a decline to $0.543 and we will see a considerable slow down in the price momentum.
A bullish break-out of $0.593 will result in a re-test of $0.65-$0.675 zone.
Intraday chart
In the 4-Hour chart of XRPUSDT, the #Ripple coin is in the bearish territory and teasing the intraday support at $0.586.
A bullish rejection of $0.586 could push #RippleXRP price for a re-test of $0.618, and possibly higher to $0.68.
A ibearish break-out of $0.586 will result in another bearish dip towards $0.519-$0.547, the next key intraday support zone.
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