Why is the Ripple (XRP) Price Down Today?
After
XRP
rallied
by
almost
70%
from
its
recent
lows,
the
price
entered
into
a
pullback.
Key
Support
levels:
$0.54
Key
Resistance
levels:
$0.68
1.
Pullback
in
Progress
This
week,
XRP
nearly
reached
64
cents
during
its
rally
before
sellers
returned
to
put
a
stop
to
it.
This
quickly
turned
into
a
pullback
which
is
still
ongoing
at
the
time
of
this
post.
by
TradingView
2.
Key
Support
Found
Even
if
sellers
seem
to
have
taken
over
in
the
last
two
days,
buyers
managed
to
hold
firm
at
the
54
cents
support.
As
long
as
they
can
keep
XRP
above
this
key
level,
then
the
rally
may
continue
later.
by
TradingView
3.
Bias
Remains
Bullish
Despite
this
cooldown
in
the
price
action,
the
bias
remains
bullish.
For
example,
the
daily
RSI
was
overbought,
but
now
it
fell
back
to
60
points
which
could
form
a
good
base
for
the
next
leg
up.
As
long
as
the
RSI
is
above
50
points,
the
bias
leans
bullish.
by
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