XRP Price Close to Reaching Critical Horizontal Support


18 Sep 2023 4:30 PM

XRP flirting with critical level known as horizontal support, currently trading around $0.505...

  • XRP, the digital asset associated with Ripple Labs, is approaching a key price level known as horizontal support.
  • The current price of XRP is around $0.505, and the horizontal support level is at $0.51.
  • Horizontal support is significant as it can indicate a potential turning point for asset prices and signal a price rebound.
  • XRP experienced a loss of momentum and dipped below $0.50 in September, making the horizontal support level crucial for its potential recovery.
  • The performance of other altcoins will also impact whether XRP breaks through or bounces back.

The article provides a neutral tone, discussing the technical aspect of XRP's price movement and its potential recovery.

Go to publisher site

You May Ask

What is the current price of XRP?What is the significance of horizontal support in asset prices?How did XRP perform in July and September?What is the impact of other altcoins on XRP's price movement?What are the current prices of Bitcoin, Ethereum, and BNB?

Suggested Reads