Is this a good time to buy or will the price continue to fall? Let's analyze the charts of the top five crypto performers of the past seven days.
The pair can now slide to the strong support of $107.If the pair bounces off this support with strength, it will indicate that bulls are keen to defend it.
Previously, the announcement of a collaboration between PNC and XRP led to a surge in XRP prices.
CEO Brad Garlinghouse has said that XRP sales have reduced "By volume Q/Q and since then the inflation rate of XRP circulating supply has been lower than that of BTC and ETH.".
The XRP/USD pair has slipped to the strong support of $0.24508.
Contrary to our assumption, if bulls defend the $0.24508-$0.225 support zone, the pair might rise to $0.34229.
The next support is at a lifetime low of $1.0075.
The failure to sustain a bounce off a strong support is a negative sign.
If bulls defend the $0.244553-$0.207622 support zone, the cryptocurrency might remain range-bound and move up to $0.541 in the medium-term.
Buying at the support of a large range offers an attractive risk-to-reward ratio.
Top-5 Crypto Performers: BSV, BTC, XRP, LEO, IOTA
gepubliceerd op Sep 1, 2019
by Cointele | gepubliceerd op Coinage
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