From 24/7 Wall St. · Sam Daodu · · 1m 20s
XRP Holds $1.30 Support After $1.40 Failure
XRP tests $1.30 support after failing $1.40 again, traders watch for rebound.
In brief
XRP tests $1.30 support after failing $1.40 again, traders watch for rebound. XRP holds $1.30 support as buyers defend it after failing $1.40 twice this month. Originally reported by 24/7 Wall St..
XRP Tests $1.30 Support
XRP is currently testing its $1.30 support level after failing $1.40 again this month.
XRP Peaked at $1.40
XRP peaked around $1.40 on October 21 but closed lower at $1.33, a 2% decline over 24 hours.
XRP Fluctuates Between $1.25 and $1.43
XRP has fluctuated between $1.25 and $1.43 over the past two weeks, down 13.2% in the last month.
Critical Support at $1.30
Traders focus on $1.30 as a critical support level after buyers defended it through mid-October.
Resistance at $1.40
XRP faces resistance just below $1.40, with its 20-day moving average at $1.39 and 50-day at $1.41.
Selling Pressure Begins
Selling pressure started on October 8 when XRP hit its two-week high of $1.43 before falling to $1.32.
Buyers Defend $1.30
Buyers pushed XRP back above $1.30 on October 15 and October 20 after dips to $1.28.
XRP Dips to $1.32
XRP dipped to $1.32 on October 22 but closed at $1.33 with lower trading volume.
Support Below $1.30
The next significant support level below $1.30 is around $1.25, where XRP hit its 14-day low on October 18.
The one thing
XRP holds $1.30 support as buyers defend it after failing $1.40 twice this month.
