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    Ripple (XRP) Price Analysis (February 12)

    Key Highlights

    • There have been notable sequential increases in the valuation of the XRP/USD trade.
    • Most indications support that the XRP/USD bulls are still relatively in the control of this crypto market.
    • The XRP/USD market’s upswing is facing a critical line around $0.30 mark.

    • Major supply zones: $0.32, $0.34, $0.36
    • Major demand zones: $0.26, $0.24, $0.22

    Ripple (XRP) Price Analysis

    XRP price has been significantly witnessing sequential increases in valuation against the US dollar trade stance in the crypto-market. The rises occurred while the fiat money lost its value after a light push downwards the bigger SMA trend-line a bit over the current immediate demand zone at $0.26 mark.

    From a careful looking point of the current XRP/USD market situation, the cryptocurrency has been mustering up energy at the weakening line of the fiat currency.

    Ripple Technical Indicators Reading

    The two trading SMA trend-lines were almost conjoined, but they have slightly separated and bent a little towards the north. They are both underneath the present market trading point.

    The SMA indicators now still show that the bulls; are to a degree capacity have control of the XRP/USD market. The Stochastic Oscillators have also begun to consolidate around range 80. That indicates a kind of small ups and downs to be experienced in no time.

    Conclusion

    XRP price has to now move further upwards above its present long-standing critical zone of $0.30 mark to affirm a sound bullish market continuation movement of this crypto-trade. Notably, safe bullish entries of this crypto-trade, are most of the time, lie in the reversal of low downward price movements.

     

    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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