Ripple rallied rather significantly on Tuesday to slice through the 200-day EMA quite easily. Forex XRP Crypto
Enter your emailrallied rather significantly on Tuesday to slice through the 200-day EMA quite easily.
In fact, we went as high as $0.91 before pulling back. That is the rub, though: we pulled back quite drastically to form a massive shooting star. Furthermore,has pulled back in the same general attitude, meaning that it is likely to see selling pressure. The market had gotten ahead of itself for a while, as the market is more than likely going to continue to see a little bit of a pullback in order to at least find some type of equilibrium.The $0.
If we were to somehow turn around and break above the highs of the trading session, then it is possible that we could see Ripple go looking towards the $1.00 level. Obviously, that would be an excellent gain over the last couple of days, but that is probably asking for too much. A move like that would attract a lot of attention, but you can see clearly how the $1.00 level has been important in the past.