3 min readRIPPLE (XRP/USD):
Ripple continues to fluctuate around its current price levels, trading just above $0.53 as it seeks to establish support in the designated area of interest below.
Examining the technicals more closely, we can see that the price is currently sitting just below an ascending trend line, following a rejection at the daily 50 EMA. If we are unable to maintain support in the current areas, I will be interested in observing how the price behaves in the lower support regions below. At present, the RSI indicator does not indicate that the price is either overbought or oversold.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
