Ripple’s XRP is supported at $ 0.8060. Can he go out?

  • Ripple’s XRP finally gained support at the $ 0.8058 level, and the closure of candlesticks above this level indicates an increase in XRP / USD.
  • Wednesday’s forecast for Ripple’s crypto XRP to be among the top 10 secret currencies in 2022 has negatively affected XRP prices.
  • The report suggests that Bitcoin will outperform the S&P 500 by 2022. Layer-1 blockchain-based tokens will continue to pass ETH.
Of XRP / USD It closed at $ 0.81725 after setting a high of $ 0.86435 and a low of $ 0.81173. XRP / USD He extended the recession to another session on Wednesday, December 20.

XRP / USD

Ripple and Cardano will be among the top 10 cryptocurrencies by 2022, according to the latest 2021 report by blockchain data research firm Arkan Research.

The report suggests that Bitcoin will outperform the S&P 500 by 2022. Layer-1 blockchain-based tokens will continue to pass ETH. Traditional gaming companies are increasing the number of NFTs. Many crypto companies are priced at $ 5B, and more companies will be made public. Some predictions have also been made about hash rates and Bitcoin ETFs.

A.D. Ripple’s token XRP on Wednesday has a negative impact on XRP prices, with the 2022 list of the top 10 secret currencies to be released. Losses in the XRP / US dollar have risen sharply since the crypto coin began to track the merger of Bitcoin and Ethereum. The trend in both leading cryptos was measured across the crypto market as a whole, followed by a further decline on Wednesday followed by coins such as XRP.

Meanwhile, the only thing that supports XRP prices is the recent comments by Ripple CEO Brad Garlinghouse. He said the war with the Securities and Exchange Commission was going on, but it was the strongest year ever. In addition, the depreciation of the US dollar on Wednesday helped XRP / USD limit its losses. The US Dollar Index, which measures the price of a greenback against six major currencies, fell below 96 degrees, limiting the value of the XRP / USD due to the negative relationship between the two.

Daily technical standards

Support resistance
0.79787 0.85049
0.77849 0.88373
0.74525 0.90311
Pillar point pick 0.83111

Ripple Technical Outlook – XRP / USD for $ 38.2 Fibo Correction

Ripple finally gained support at the $ 0.8058 level, and the closing of the candlesticks above this level indicates a significant improvement. XRP / USD. Within a 4-hour period, Ripple closed the Doji candle, indicating a weak selling point. Therefore, the bullish correction opportunities are high, and XRP / USD 23.6% and 38.2% Fibonacci correction may complete up to 0.8118 and 0.8637 levels. A break below the 0.8058 level exposes the support levels to 0.7611 or 0.7194. good for you!


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