Connect with us

Technical Analysis

XRP Price Loses 13% of Its Value, but Stays in Trading Range

Arthur Webb

Last updated



  • XRP price lost 13% of its value
  • Still moving within in ascending trading channel
  • Possible re-test of resistance levels

1 Day XRP/USD price chart

After recent fake breakout above resistance, XRP price rolled back into consolidation at around 29-30 cents and then dropped further down to 28 cents. In the process, the cryptocurrency lost around 13% of its value from a recent high of $0.31500. Today XRP continued moving downward under bearish pressure, but the price is still trading within ascending trading channel.

However, considering the fact that on the 7th of November XRP/USD pair printed low tail candlestick that formed on double the average volume on 1 Day trading chart we may see price reversing and heading back to retest resistance levels. There is still an untapped liquidity pool above $0.31500 so that will be the main aim above resistance for XRP price right now.

Chart source: Tradingview

READ  Technical Analysis XRP/USD 22/11/2017

Disclaimer: Markets, instruments, and advice on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

Arthur Webb: passionate about how technology can empower people to create a more just and sustainable world.

TimeCoin Token Sale

Recent Press Release

Ledger Nano X - The secure hardware wallet
Cryptos are the next step in money’s evolution, and it’s no surprise that bitcoin casino is getting popular with the increasing boom in the bitcoin market. A great site if you wish to try bitcoin casino is, which provides thousands of games for you to play and win.