Ripple Price – XRPUSD Holds Steady Above But A Bearish Flag Suggests A Potential Sell-Off

Fibo Quantum

Bearish Flag on D1 of XRPUSD

Ripple price has been holding steady above $0.1450 as of late. The daily time frame shows that the cryptocurrency has been consolidating with an upward slope after it drastically dropped a couple of weeks ago. Consequently, a bearish flag chart pattern has formed. This is considered as a bearish continuation pattern. A close below at $0.1277 could mean that there is more downside ahead for ripple price. It could soon drop to near-term support at $0.1139 where it bottomed on March 13. If support at that price does not hold, the next floor could be at $0.0615 where it topped on April 3, 2017.

Continue reading using Facebook or Google to create your free membership account in seconds.