Expected Hard Decline in Ripple

      Psychological zone is broken again
      Ripple 0,192USDT (-4.49%)

                            For the last 1 week, we have stated in our analysis that Ripple does not give a technically strong appearance. In a situation where both the trend is decreasing and the oscillators do not give a positive signal, it was a high possibility that sales pressure could be triggered by the decrease in the transaction volume. It was affected by altcoins when there was a sharp decline in Bitcoin, whose market dominance was 65%. When he was technically weak in Ripple, he could not respond to this sharp decline. With this decline, the XRP, which lost about 7% value, was supported by the support it received from the 0.1189 USDT region. In XRP, which is moving away from the decreasing trend, it is seen that although the transaction volume is high in the sales process, it is not bulky in the direction of purchase. Also, falling below the 0,200 USDT psychological level, which is important for Ripple, may be suppressive in upward movements in terms of investor decisions. However, it is a good catalyst for XRP to recover, as the oscillators break the over-sales level and react to this sharp decline with the buy signal. At this point, the direction of the oscillators and the state of the transaction volume are critical. It will be useful to consider these for new positions to be entered and to pay attention to psychological resistance.

       Resistors: 0,200 / 0,210 / 0,232

       Supports: 0,189 / 0,174 / 0,157

XRPUSDT, 4-Hour Chart