Ripple Value Analysis: XRP May Have Resumed a Downtrend ByAzeez MustaphaPRO INVESTOR Updated: 28 September 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Following a sudden increase in the XRP/USD price, selling activities has started. Consequently, going by signs coming from technical indicators, price action may have resumed a downtrend. XRP Speculation Statistics Data: Ripple’s current price: is $0.4449 Ripple’s market cap: $22.1 billion XRP’s circulating supply: 49.90 billion XRP’s total supply: 99.99 billion Ripple Coinmarketcap ranking: #6 Therefore we need to take a critical look at this market and know what action to take. Well, will also examine the XRP/BTC market, using the same technical indicators. Important Value Marks: Top Levels: $0.4500, $455, $0.4600 Bottom Levels: $0.4449, $0.4400, $0.4350 Ripple Value Analysis: XRP Broke Down the 78.60 Fib Level XRP/USD price activity may fall below the 78.60 Fibonacci support since this support failed to hold. Over the last two sessions, sellers had the upper hand and this has pushed Rippley price downwards below the faster EMA line. Also, the MACD indicator lines after reaching the above the 0.00 mark are now making a bend to indicate the progressing downtrend. If these lines should eventually cut across each other, the price will progress further downwards. Additionally, since the price of XRP is still very much above the initial point of the most recent uptrend traders who entered the market then will consider going shot. Eventually, this will result in more price downside moves. Traders can then anticipate the price level of $0.3983 as a new entry point. Ripple Value Analysis: XRP/BTC on a More Aggressive Downtrend On the XRP/BTC front, price action is fiercely moving downwards. The size and frequency may be revealing how strong sellers are in this market. After the Fib level of 23.60 has failed the bears are now aiming at breaking the 38.20 of value 0.00002490. Buy Ripple Now Your capital is at risk. The MACD indicator as well as portraying the current trend in this market, as its faster line is now curved towards the slower one. If the support of the 0.00002251 level hold, then price may rise upwards from here. Short-term traders can anticipate the fib level 38.20 as an entry point as we may experience an upward pullback at this level. Join Our Telegram channel to stay up to date on breaking news coverage