Ripple – Altcoin chart analysis

Ripple (XRP) is still on an uptrend, but is already struggling with it. Furthermore, the trading volume decreases.

Right now we're trading around $0.467, just below the 200 SMA (last 200 moving averages/purple). This and the green boxes above it offer a lot of resistance.

If the minor trend breaks, XRP could dip back into the $0.44 area once more and tank new volume here for another attempt to the upside.

The picture does not look particularly bullish on the daily chart either. Here the volume is decreasing from day to day and we could see significantly lower prices here.

The area around USD 0.41 is particularly interesting. There lies the golden pocket (0.618 – 0.65 Fib. level) of the upward movement. Here we could see another test.

This would be bullish if we see a corresponding bounce with volume here. Then, XRP could tackle a higher high with renewed momentum.

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