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XRP Price Analysis: Risk of Downside Thrust Escalate
In the past few sessions, Ripple’s XRP price started a fresh decline from the $0.5400 zone against the US Dollar. The XRP/USD pair stayed below the $0.5320 level and extended its decline. The bears were able to push the price below the $0.5220 support. The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $0.4850 swing low to the $0.5270 high. The price is now consolidating near the $0.500 support. The bulls are protecting the 61.8% Fib retracement level of the recovery wave from the $0.4850 swing low to the $0.5270 high. XRP is now trading below $0.532 and the 55 ... (full story)
