Ripple

The impact of the cryptocurrency industry on the environment has become an issue of great concern. Some countries like China have even decided to restrict their activities like mining and transactions.

Over the past 48 hours, Ripple (XRP) has been in a downtrend. Today, XRP fell to a low of $1.082 after failing to break above the $1.20 resistance level. The altcoin has retreated to support above the 50-day line SMA.

Since October 1, Ripple (XRP) has been trading just slightly below the $1.10 resistance level. There has been no significant price action as doji candlesticks and spinning tops have been seen.

The price of Ripple (XRP) is trending positively after breaking above resistance at $1.02. The XRP price was pushed back at the $1.08 high, but retraced to retest support at $1.02.

After the downward impulse on September 21, the price of Ripple (XRP) has been trading above the $0.89 support. Today, buyers have pushed the altcoin to the high of $0.95.

Ripple (XRP) has moved only slightly over the past four days. The price movement was insignificant as it fell from the high at $0.95 to the low at $0.92.

Today, Ripple (XRP) began resuming a downward move after correcting upward to the $1.00 high. During the short upward correction, a doji candlestick has formed with the opening and closing price matching.

Ripple (XRP) has broken below the 50-day line SMA and hit another low at $0.90. Breaking through the moving averages gives sellers the edge to push prices lower.

The price of Ripple (XRP) has continued its downward correction following a recent downward momentum. The price action was insignificant and is contained between the 21-day line SMA and the 50-day line SMA.