Within three days, Ripples XRP fell to a low of $ 0.18. If the bulls push above $ 0.20, the bears could lose control. The price of the current # 3 largest cryptocurrency based on market capitalization, XRP, has been in a downward trend over the past seven days. The “bears” were to blame, pushing the price to a low of USD 0.18. The cryptocurrency thus remains in the “bear territory”. Time for improvement to achieve the important short-term upward trend.Monday of this week, XRP touched the $ 0.185 mark as prices failed to establish above the relevant support levels of $ 0.21 and later $ 0.20.
The downward trend was the result of a sell-off last weekend. On this, Bitcoin (BTC) also fell from USD 9,800 to USD 8,100.
Most recently, XRP maintained the bearish pattern. The last attempt to break out on the hourly chart’s 100-day average (SMA) indicator failed. However, there are still two buffers for buyers – around $ 0.1880 and below at $ 0.1850. The price opened a supposedly longer-term longer bear push to $ 0.178 and $ 0.175, respectively, indicating a 50% drop in bottom.