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NewsBTC 2022-09-12 06:06:07

XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August

XRP is looking extremely bullish on a short-term outlook. In the long game, the timeframe charts show an incredible selling opportunity in the next three months. XRP looking bullish from a short-term perspective Price mid-point of $0.36 is now poised as both key resistance and support zones Ripple to target $1 next However, XRP bulls may need to wait a little longer for a breach to take effect. In June, the crypto was seen to breach the support key of $0.39. Since the support zone was breached, this same level was also poised as the key resistance. XRP price was also spotted to form a range from $0.3 to $0.41, with the mid-point set at $0.36 which acted as both the resistance and support zones. Related Reading: How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally Chart from TradingView.com XRP Bulls Losing Aggressiveness? In August, XRP is seen to try to breach the $0.39 level for two weeks. However, the bulls are running out of steam sending the price crashing down under the range’s mid-point. The price dropped further down to the $0.30 level after a couple of days. According to CoinMarketCap, XRP price has nosedived by 0.12 % or trading at $0.3558 as of this writing. Technical indicators for the token demonstrate a sudden twist in bearish foreplay. RSI has surged past 50 and hoisted it to act as support showing a strong uptick that could linger for the next couple of days. More so, the Accumulation/Distribution (A/D) ...

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