RATE Group | Ripple (XRP) Price Rebounding Nicely While BTC & ETH Continue To Struggle
66458
wp-singular,post-template-default,single,single-post,postid-66458,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ripple (XRP) Price Rebounding Nicely While BTC & ETH Continue To Struggle

25 Oct Ripple (XRP) Price Rebounding Nicely While BTC & ETH Continue To Struggle

Posted at 09:56h in Ethereum News by

[ad_1]

  • Ripple price is currently correcting higher after a sharp decline to $0.2500 against the US dollar.
  • The price is showing positive signs and is trading nicely above the $0.2720 level.
  • Yesterday’s highlighted key bearish trend is active with resistance near $0.2780 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could correct higher towards the main $0.2850 and $0.2880 resistance levels in the near term.

Ripple price is correcting higher nicely above $0.2700 against the US Dollar, while bitcoin and Ethereum are struggling. XRP price could face strong resistance near $0.2850.

Ripple Price Analysis

Yesterday, we saw a significant decline in ripple below the $0.2850 support area against the US Dollar. Moreover, there was a close below $0.2800 and the 100 hourly simple moving average.

It opened the doors for more losses and the price declined below $0.2720 and $0.2650. Finally, the price traded towards the $0.2500 support area and formed a new monthly low near the…

[ad_2]

Source link