XRP With New Weekly Low

XRP With New Weekly Low – Ripple recently corrected above the $0.3040 and $0.3120 resistance against US Dollar. The pair traded close to $0.3180 resistance which was a barrier for buyers. Short term high was formed at $0.3177 and later the price started a downside move. It then declined below $0.3040 and $0.3000 support levels. sellers even pushed the price below the 76.4% Fib retracement level of the last wave from the $0.2904 low to $0.3177 high. Globalexchange.

Global Exchange. There was a close below the $0.3000 and the 100 SMA. the price traded close to the $0.2900 low. It is currently in the loss state with initial resistance at $0.3000. From the hourly chart, the pair was intact with $0.3000 resistance. If the price rail up, it is likely to face sellers near $0.3000 and the 100 SMA. globalxchange. Break above $0.3000, the price may correct towards $0.3040.