Ripple (XRPUSD) price recorded choppy movements in its latest intraday trading, amid the dominance of a steep short-term corrective downward wave. The price remains under continued negative pressure from trading below its SMA50, which limits recovery prospects in the near term. However, on the other hand, a positive crossover has begun to appear on the RSI after it reached oversold levels, which helped curb the recent losses.
Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $2.1063 resistance level remains intact, to target the $1.9793 support level.
Today’s price forecast: Bearish
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