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Ripple (XRP) Trades Under $0.35 as Tamadoge (TAMA) Heads to the North

Ripple (XRP) Trades Under $0.35 as Tamadoge (TAMA) Heads to the North

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Ripple’s price forecast shows that XRP is down 0.78% in the last few hours as the current market cap falls below $0.35.

Ripple forecast statistics:

  • Ripple price now – $0.32
  • Ripple market cap – $16.3 billion
  • Ripple circulating supply – 49.6 billion
  • Total supply of Ripple – 99.98 billion
  • Ripple Coinmarketcap Ranking – #8

XRP/USD market

Key levels:

Resistance levels: $0.38, $0.39, $0.40

Support levels: $0.30, $0.29, $0.28

XRPUSD – Daily Chart

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XRP/USD touches a daily high of $0.33 before giving a bearish signal at the time of writing, the coin is trading below the 9-day and 21-day moving averages as the RSI (14) crosses below 40. level. However, any bearish move below the bottom of the channel can give the market enough power to crash.

XRP ready for more disadvantages; TAMA trades wildly

Ripple’s price is showing signs of weakening across all its markets, with the coin down 0.78% reflecting the market’s bearishness, and the decline could become heavy if the decline continues. Therefore, since the Ripple price is moving sideways, investors can expect the trend to continue down if the price event crosses the channel.

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Meanwhile, a break towards the upper limit of the channel could strengthen the bulls and push the price to the $0.38, $0.39 and $0.40 resistance levels, but a break below the channel could lead to a bear market scenario where the price could rise. reaching supports at $0.38, $0.39 and $0.40.

Against Bitcoin, Ripple’s price is moving sideways within the 9-day and 21-day moving averages. Therefore, if bears pressured the market, XRP/BTC could create a new low by touching the nearest support at 500 SAT. Now the technical indicator Relative Strength Index (14) moves to exceed the 40 level; investors can see a positive movement in the channel if the upward pressure increases.

XRPBTC – Daily Chart

However, Ripple (XRP) is changing at 816 SAT. If the coin falls below the current value, the market may reach support at 300 SAT or below. However, if the Ripple price moves towards the upper limit of the channel; traders can then confirm a bull run into the market, with the nearest resistance level being 2000 SAT and above.

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