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Following a moderate price action to higher limits, Ripple has seen a significant downside correction. However, all the gains recorded since the first stage of the recent rally have not been lost at this time. However, should bears continue to stay in control, could prices fall to lower support?
Ripple forecast statistics information:
Ripple current price: $0.3401
Ripple’s market cap: $16.83 billion
Ripple transfer supply: 49.83 million
Ripple total supply: 99.99 billion
Ripple’s Coinmarketcap Rank: #7
In this analysis we will further study the XRP/USD market. We will also look at the XRP / BTC market, both this market and the XRP / BTC market will be closely examined. In addition, we will see how we can trade this market profitably
Important price signals:
High Limits: $3582, $0.3620, $0.3680
Lower limits: $0.3401, $0.3200, $0.2900
XRP returns to lower support, 10000X returns on TAMA
The XRP/USD daily chart shows that the seller is now in control of the market. And, at that Ripple price may return to lower support. Looking at the Bollinger, we see that the middle range is supporting them for the candlestick on this chart. However, movements on the RSI predict that this support may soon break to the downside. The RSI curves have reached 100% and crossed the downside. At this time, we can expect the price to drop to $0.3200 soon. Short-term traders can take a shot as the price of XRP could drop.
XRP Price Analysis: XRP/BTC appears to be starting to reverse upwards
The daily price movement in the XRP/BTC market seems to be doing the opposite of what we have in the XRP/USD market. With the last green candle, it seems to be starting to reverse.
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Furthermore, the Stochastic RSI lines have crossed into the oversold territory. So from this point, it is good to assume that the price will go up from this point. However, the direction of the crossed RSI indicator lines is still sideways. Therefore, traders here may want to avoid executing an immediate buy order, but should place a pending buy order around 0.00001664.
A month after its launch, Tamadog completed the seventh phase of advance sales. The price of TAMA token in this seventh season is 1 USDT = 40 TAMA. After the achievement of $13.25 million, the price of the token increased by 1 USDT = 36.36 TAMA, which is now the eighth milestone. If demand continues to pile up at the rate it did last month, the eighth season will soon be completed. The next stage will be the ninth and final stage. At this stage the price will be as high as 1 USDT = 33.33 TAMA tokens.
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