The xrp price is at $1.96, the highest on April 14th. It fell almost 60% to the lowest level in March of 0.82 dollars. Ripple price peaked at 33.43%, the worst daily decline in history. Ripple is currently at the lowest level of the crash There is a possibility that it may be dangerously close, or even fall below it. The xrp price has provided a challenging trading environment since its peak in April, The chart shows a symmetrical triangular pattern with noticeable volatility. Began to make it distinct. On May 18th, Ripple tried to be released from the triangle, Quickly rejected and at the top of the box ticket It created a fire trap, the point where the bull market turns into a bear market.
Like all digital tokens, the xrp price hits the cryptocurrency market. It was overwhelmed by a strong sell-off, causing a 50% decline, the lowest level on May 19th. Breaking the symmetrical triangle's low trend line, from $0.87 made in December 2020 The part that falls into the convergence of the uptrend line It is an important point in technical analysis for xrp price. A 61.8% Fibonacci tracking of $0.85 was also started in December 2020. This combination created an inflection point to assess future weakness in xrp prices. As the proportion of individual investors in Ripple investment increases, The market becomes more volatile during periods of stress. If the crypto market is similar on the weekend That can happen if you follow today's sell-off. If xrp price experiences another daily loss like today We tested the lows on May 19th to match the trend line mentioned above. It will fall through the fib retrace level. That is, with Ripple being the highest in November 2020, $0.78, That could threaten the February high of $0.75 It will lead to a more substantial downturn.
If it doesn't stabilize at $0.75, The focus shifted to $0.65 on a simple moving average of 200 days. You lose 30% from the current price of $0.98. The technical framework for xrp pricing is Overall, it is showing weakness. However, a daily deadline of over $1.2 The 50-day SMA (Simple Moving Average) and the triangular low trend line On the technical hotspot formed by crossing $1.33 When it is clear, the trend will begin to turn neutral. Meanwhile, attorney Jeremy Hogan It was held at 3 a.m. Korean time today Regarding the recent rounds of ripple and sec, "Unlike the ripple price movement, Today's round was good. More details will be updated in the future.".