The price of Ripple dropped in the short term as BTC/USD crashed. Now, it's trading at 0.3702 at the time of writing. Still, a larger drop is far from being confirmed. The rate stands above strong downside obstacles.
In the last 24 hours, XRP/USD is down by 4.99% but it's still up by 1.52% in the last 7 days.
XRP/USD Upside Clouded!
The XRP/USD dropped again after failing to stay above the 0.4 psychological level in the last attempt. It has tried to retest the upper median line (uml) which stands as an upside obstacle.
Now, it stands above the median line (ml). This represents dynamic support. Also, 0.3619 represents static support.
XRP/USD Forecast!
A bearish closure below 0.3619 activates more declines and brings new short opportunities.
