Ripple analysis for July 23
Ripple managed to find support in the region of $ 0.43, and also to break the resistance of the downward trend line on the hourly chart of the pair XRP / USD ($ 0.45). In the near future bulls can make an attempt to break through the resistance of $ 0.4620 and a simple moving average for 100 hours. Last week there was a rapid drop in the Ripple rate from above $ 0.50 to support levels of $ 0.46 and $ 0.45. Support $ 0.45 and a simple moving average for 100 hours was broken, and the minimum was reached at $ 0.4292, where the bulls managed to stop the retreat. Soon, the XRP course went up. After overcoming the level of $ 0.44, the resistance of the downward trend line on the hourly chart of the pair XRP / USD ($ 0.45) was broken. Nevertheless, the resistance of a simple moving average for 100 hours ($ 0.4620) turned out to be a "tough nut" and delayed the growth of Ripple. For, to ensure further growth, Ripple will need to break through the resistance of $ 0.4620.
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