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Technical Analysis Weekly Ripple Price April 27

Ripple collapsed yesterday, with a critical backing of $ 0.277, but was able to defend it. If this support were broken, the next point was $ 0.24.
Abstract

Ripple collapsed yesterday, with a critical backing of $ 0.277, but was able to defend it. If this support were broken, the next point was $ 0.24.


Description

The RSI index in the region below 50 and the moving average lines are roughly flat, suggesting that in the next few days, Ripple probably will rise and fall in a range of trading volumes from $ 0.3 to $ 0.277. Crossing the resistance, $ 0.3 will re-raise the bulls to climb.

However, Ripple does not perform a lot during the last few weeks, and at the high levels, we usually see a drop in willingness to buy.

 
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