hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low.
Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day.
This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700.
That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security.
sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.
the index is tracking at 48.60, with the next visible point of support at 45.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low.
Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day.
This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700.
That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security.
sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.
the index is tracking at 48.60, with the next visible point of support at 45.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
