Bitcoin
$23,195.92
+100.38
(+0.43%)
Ethereum
$1,594.73
-5.01
(-0.31%)
Ripple
$0.41
-0
(-0.63%)
Litecoin
$94.53
+5.43
(+6.09%)
EOS
$1.11
-0.01
(-0.45%)
Cardano
$0.39
-0.01
(-1.33%)
Stellar
$0.09
-0
(-1.09%)
NEO
$8.36
-0.03
(-0.37%)
NEM
$0.04
-0
(-0.98%)
DigitalCash
$56.36
+4.48
(+8.64%)
Tether
$1.00
0
(0%)
Binance Coin
$307.67
-1.2
(-0.39%)
QTUM
$2.67
-0.05
(-1.91%)
Verge
$0.00
0
(+0.94%)
Ontology
$0.22
-0
(-2.18%)
ZCash
$46.64
+0.3
(+0.65%)
Steem
$0.20
-0
(-1.91%)

Ripple (XRP) Falls To Support: Is A Big Move Coming?

0


Ripple (CRYPTO:XRP) found support once again at the $1.39 level. This level was also support on May 4 and 5. Sometimes markets have memories and that’s what happened here.

Support is a level where there is more demand for the stock than there is supply. That’s why sell-offs end when they reach them, but sometimes the support breaks. This means the sellers end up overpowering the buyers and the market makes a large move lower.

See Also: After Head Fake, Stellar Lumens (XLM) Moves Back Above Resistance

If the support at $1.39 breaks, XRP could drop to the $1.04 level, which is where it found support at the end of April. The market may remember that too.

xrp_2.png

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.



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