XRP fails to maintain an upward momentum, price expected retract – Ripple Price News

Following a surge in the price of the leading cryptocurrency, XRP also a noticeable growth. However, the price of XRP has started to retract. A trend analyst on tradingview noted that the price of XRP is near the sell zone as it broke the current resistance line.

Later last week, the price of major altcoins surged after the price of bitcoin spiked from around $7,400 to above $10,000 in just a few hours. On 26th October, the price of XRP had reached $0.3064 before retracting to $0.2829 at the time of writing. Currently, the resistance line is set at $0.34229, and the support level is at $0.24.

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RIPPLE price near Sell Zone, best place to open Position ! by Moiseiev_Yurii on TradingView.com

Ripple’s cryptocurrency also cleared the 21 and 55 EMAs. As reported earlier, the prominent venture investor and bitcoin bull, Tim Draper, said that the XRP has a bright future. He predicted that the price of XRP would experience explosive growth in the short term.

Crypto analyst Moiseiev Yurii in his analysis, predicted that the first target for XRP is at $0.2885 and second at $0.2808. Ripple has also planned an annual Swell conference next month that is expected to help the cryptocurrency gain positive momentum.

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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