XRP Price Holds Ground While BTC and ETH Slide, Here’s Breakout Zone

Nov 22, 2022 08:00 am Cryptocurrency 186

Ripple failed to clear $0.40 and corrected lower against the US Dollar. XRP price could start a decent increase if it stays above the $0.345 support zone.

Ripple started a fresh decline from the $0.40 resistance zone against the US dollar.

The price is now trading below $0.380 and the 100 simple moving average (4-hours).

There is a key bearish trend line forming with resistance near $0.371 on the 4-hours chart of the XRP/USD pair (data source from Kraken).

The pair could start a strong increase if it clears the $0.388 resistance zone.

Ripple Price Remains Supported

This past week, ripple’s XRP attempted an upside break above the $0.40 resistance against the US Dollar. However, the bears remained active near $0.40 and pushed the price lower.

However, the recent decline was limited when compared to bitcoin and ethereum. The price de ..

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