For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform. Full credits for this video to NewsBTC who listed the info in this video on an article on their website: https://www.newsbtc.com/?s=Ripple%20%28XRP%29%20Price%20Trading%20Near%20Key%20Inflection%20Point%3A%20Bear%20or%20Bottom%3F -------- Transcript: 0:00:00 Ripple (XRP) Price Trading Near Key Inflection Point: Bear or Bottom? 0:00:05 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC". 0:00:11 Ripple price managed to stay above the $0.2850 support area against the US dollar. 0:00:18 The price is currently facing a strong resistance near the $0.2900 and $0.2910 levels. 0:00:26 There is a major bearish trend line in place with resistance near $0.2910 on the hourly chart of the XRP/USD pair. 0:00:35 The pair could either recover above $0.2950 or start a fresh decline below the $0.2850 support. 0:00:44 Ripple price is currently consolidating in a tight range against the US Dollar and bitcoin. 0:00:50 XRP is likely to make the next move either above $0.2950 or below $0.2850 in the near term. 0:00:59 After a massive drop towards $0.2790, ripple price started a short term correction against the US Dollar. 0:01:07 The XRP/USD pair traded as low as $0.2797 and recently recovered above the $0.2820 and $0.2850 levels. 0:01:19 There was a break above the 23.6% Fibonacci retracement level of the last decline from the $0.3080 high to $0.2797 low. 0:01:30 The price even traded above the $0.2900 level, but it faced a strong resistance near the $0.2950 and $0.2955 levels. 0:01:42 It failed to clear the $0.2960 level and the 100 hourly simple moving average. 0:01:48 Besides, there was a rejection near the 50% Fibonacci retracement level of the last decline from the $0.3080 high to $0.2797 low. 0:01:59 As a result, there was a fresh drop and the price retested the $0.2850 support level. 0:02:06 At the moment, the price is slowly moving higher and testing the $0.2900 level plus the 100 hourly SMA. 0:02:14 There is also a major bearish trend line in place with resistance near $0.2910 on the hourly chart of the XRP/USD pair. 0:02:23 Thanks for watching this video. If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website. -------- Other Credits: Background music: Bedtime Stories by mezhdunami. https://soundcloud.com/search?q=mezhdunami. Creative Commons - Ask mezhdunami. for permission if you want to use this song. Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA * Created with https://content2video.com technology | Creating videos out of your data.

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