XRP Price Technicals Show That a Rebound is Possible
The daily timeframe chart shows that the Ripple price has been in a strong freefall this year. It plunged from a high of $3.668 in July and bottomed at the key support at $1.8145.
The ongoing XRP price crash has pushed it below the 50-day and 100-day moving averages. That is a sign that bears remain in control. Indeed, the price remains below the Supertrend indicator.
On the positive side, the coin has formed three chart patterns that may trigger a bullish breakout in the near term.
XRP
1.8848
-2.65%