Ripple : Price Analysis, Feb. 23

XRP/USD

Ripple broke below our stop loss of $0.95 and hit an intraday low of $0.85112. The $0.87 level is critical support. Below this line, we might see a retest of the lows.




XPR




Any attempt to bounce from the current levels will face resistance at the 20-day EMA and at $1.22961 levels.

Unless the XRP/USD pair breaks out of these two resistances, it remains vulnerable to bear attacks. Another possibility is that the cryptocurrency will consolidate in the range of $0.87 to $1.23 for a few days. Currently, we don’t find any buy setups on it.

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