Ripple

The price of Ripple (XRP) continues to move in the bullish trend zone despite the recent decline.

Today, March 11, 2022, Ripple (XRP) has fallen to a low of $0.73 at the time of writing. On the daily chart, XRP price is between the moving averages.

The price of Ripple (XRP) is in a downward correction as the price fluctuates between the moving averages.

The price of Ripple (XRP) has declined after rejecting the high of $0.90. The cryptocurrency price is posting a series of lower highs and lower lows, reaching the low of $0.73 at the time of writing.

The price of Ripple (XRP) is stuck below the 21-day moving average line as buyers try to keep the XRP price above the moving averages. If the buyers are successful, XRP would have risen to the previous lows.

The price of Ripple (XRP) remains in a downward correction as the altcoin falls below the moving averages. After the recent slump, the cryptocurrency is trading between $0.62 and $0.72.

The price of Ripple (XRP) is losing $0.75 support as the altcoin plunges to a low of $66. The bears broke the support at $0.75, which held for the last two weeks. The bullish scenario is now moot as the altcoin comes under selling pressure once again.

For the past week, the price of Ripple (XRP) has consistently been on an uptrend. The altcoin has been fluctuating between support at $0.75 and resistance at $0.90.

The price of Ripple (XRP) has been moving in the bullish trend zone for five days. In the last price action, the bulls failed to break the resistance at $0.90. Consequently, XRP continued its downward trend.