Ripple Hits First Major Resistance Level: Caution Advised

15 Oca 2020

XRP has been moving upwards, in line with the rest of the bulk of the cryptocurrency market. Given the recent struggles of XRP and Ripple, I wouldn't be much surprised if the price action rotates lower from this - very important - level. Moreover, the price hit a 100-DMA, which may facilitate the entrance from new sellers. The XRP has also returned 50% of its most recent losses, hence making this a healthy correction. All in all, this looks a like a good spot to take some profits off the table.