The support line of $0.27 was finally broken on Thursday, November 14 when the XRP token fell to $0.267. The move was followed by another losing session on the last day of the workweek as the popular cryptocurrency lost 2.6 percent of its value and stopped at $0.26.
Even though bears managed to push the price all the way down to $0.251, they were later rejected as the long-standing support line at $0.26 was defended successfully.
The weekend of November 16-17 started with a small increase to $0.261 on Saturday. The coin moved up to $0.263 on Sunday and closed the seven-day period with 6.8 percent of losses.
$0.26 is holding for the moment as a major support in the last weeks/months. A drop below that level will open the doors for another visit of the area below $0.24
Even though bears managed to push the price all the way down to $0.251, they were later rejected as the long-standing support line at $0.26 was defended successfully.
The weekend of November 16-17 started with a small increase to $0.261 on Saturday. The coin moved up to $0.263 on Sunday and closed the seven-day period with 6.8 percent of losses.
$0.26 is holding for the moment as a major support in the last weeks/months. A drop below that level will open the doors for another visit of the area below $0.24
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.