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XRP Holders Aware As This Happening With XRP | Ripple XRP News Today | Ripple XRP Update Today | XRP

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XRP Holders Aware As This Happening With XRP | Ripple XRP News Today | Ripple XRP Update Today | XRP

XRP is down a sharp 7% this week as the coin heads into the $ support area. The cryptocurrency has been trading inside a descending price channel since the start of June and has been trading beneath the 20-day MA since the start of July.

XRP/USD made multiple attempts to break above the 20-day MA, along with the channel, but just like the market sentiment – failed on every attempt. Yesterday XRP broke down into support at $

Looking ahead, if the bears continue beneath $, the first support lies at $ (2019 highs). This is followed by $, $, $ (lower angle of the price channel), and $ (Feb 2020 highs).

On the other side, the first resistance lies at around $ (20-day MA & descending channel). Above the channel, resistance lies at $, $ (200-day MA), and $ (50-day MA, 2020 highs).

Just like against USD, XRP/BTC is also trading beneath a descending trendline and the MA-20. The coin attempted to break the 20-day MA earlier this week but failed to overcome the 2000 SAT resistance level.

Since then, XRP has slowly ground lower as it broke beneath July 2020 lows at 1900 SAT (yesterday) to reach 1850 SAT earlier today.

Looking ahead, the first support lies at 1800 SAT. This is followed by 1660 SAT (200-day MA), 1550 SAT (November 2020 lows), and 1365 SAT (.786 Fib).

On the other side, the first major resistance lies at 1900 SAT (descending trend line 20-day MA & July 2020 low). This is followed by 2000 SAT, 2120 SAT (bearish .236 Fib), and 2250 SAT (50-day MA).

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