Ripple Bears Showing Moves: Ripple is trading at $.37. It has dropped 5.29% in the last 24 hours and 2.6% in 7 days. This seems like other correction in the trend. Right now the price is trading near its support level of $.36. Majority of the coin market is trading in the red from last few days. RSI is moving away from the overbought zone. Currently, RSI is at 52.2. Globalxchange.
Stochastic is also moving downward. Right now stochastic is at 48.2. Ichimoku cloud indicating no bullish signal for the trend. Conversion is near the baseline, almost flat. MACD is also showing a slowdown in the momentum. Global exchange. Indicators are an indication increase in momentum in the downward direction.
Globalxchange. According to the charts, the recent movement is downward. Prices are moving around $.36 support. There are chances that downward movement will continue to the closest support is at $.36. If the price respects the support at $.36 and bounces back then the target of $.41 can be seen. Globalexchange. Otherwise, the price level of $.306 can be seen. Positions should be taken after the breaking or the bounce back of the price from support.
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