Ripple (XRP) has risen above the moving averages, ending the downward correction. The price of the cryptocurrency has also broken the resistance line of the descending channel. This means that the downward trend has ended.
Ripple (XRP) is developing positively after the bulls broke through the resistance at $0.65. The bullish momentum is huge as it breaks above the moving averages.
The price of Ripple (XRP) has continued to consolidate above the $0.58 support level as the altcoin maintains its range of fluctuation. For the past two weeks, XRP has been trading in a sideways trend.
The price of Ripple (XRP) has been trading in a range that fluctuates between $0.57 and $0.63. Buyers have been trying harder than sellers to break the range, but without success.
The price of Ripple (XRP) resumed its downward correction after the January 22 plunge. Over the past four days, the XRP price has fluctuated between $0.56 and $0.62, with buyers unsuccessfully attempting to break above resistance at $0.62 three times.
The price of Ethereum (ETH) is plummeting after the bulls broke below support at $3,000. The largest altcoin has fallen to the low of $2,856 as of press time. The cryptocurrency is not done with the current price decline.
The price of Ripple (XRP) has come under renewed selling pressure after falling below $0.73 support. Today, the cryptocurrency has fallen to a low of $0.68 by the time of writing.