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Ripple continues to move sideways in the short term. Still, the downside movement seems, so the buyers could take full control soon. It's trading at 0.4669 below today's high of 0.4830. In the short term, XRP/USD retreated as Bitcoin dropped as well.
In the last 24 hours, XRP/USD is up by 1.96% and by 0.49% in the last 7 days. Bitcoin's upside continuation should help the altcoin to grow as well.
XRP/USD was rejected by 0.4790 and by the weekly pivot point of 0.4810. After its last rally, a minor was somehow expected.
The lower median line (lml) stands as a dynamic support, so as long as it stays above it, the altcoin could develop a new swing higher.
A bullish closure above 0.4790 represents a bullish signal. The median line (ml) represents the first target.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
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