Ripple [XRP] Analysis (26/10/2020)
Ripple [XRP] Analysis: Prices Squeezed Below $0.26 as XRP Classification Questions Arise
The Ripple price is stable with bearish leaning judging from price action in the daily chart. In the last week of trading, the coin up five percent against the greenback but trails both the BTC and ETH.
The trend is bearish with clear caps at $0.26 and the support trend line.
Although the crypto sphere is bullish and optimistic that prices will recover, the failure of bulls to clear $0.26 means bears are in control.
As it is, prices are trending inside a bear flag with a liquidation level at $0.26 confirming bears of early September 2020.
A sharp close below the support trend line could see XRP prices drop towards $0.20 or lower in a confirmation of Sep 3, a bear trend continuation pattern.
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