The price of Ripple (XRP) is moving above the $0.75 support, with the bears retesting the $0.76 support while the bulls are buying the dips. After each retest, the candlesticks show outstanding long tails above the current support.
The price of Ripple (XRP) has fallen to a low of $0.81 as buyers fail to keep the price above the high of $1.00. The XRP price has fallen below its moving averages. This means that the cryptocurrency is under further selling pressure.
The price of Ripple (XRP) has made positive moves over the past week. Buyers have risen above the 21-day moving average line, and the price is retesting the 50-day moving average line.
The price of Ripple (XRP) has rallied above key support at $0.76. This support has been held since August 8. The current rally indicates a possible uptrend for the cryptocurrency.
Since September 5, the price of Ripple (XRP) has fallen to a low of $0.76 and has been consolidating for the past two weeks. Daily price action has ranged between $0.76 and $0.90. The current support is holding as bulls bought the dips during the December 4 price slump.