Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

XRP/USD double top pattern aims at $0.21

researchsnappy by researchsnappy
December 10, 2019
in Healthcare Research
0
Ripple price regression targets a disappointing $0 by February says, analyst
400
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

  • Ripple price is stuck in a narrow range from $0.21 to $0.2336.
  • The double top pattern signals a return $0.21 support.

Ripple is stuck in a narrow range between $0.21 and $0.2336. Both support and resistance of the range have been tested severally. However, they continue to hold suggesting that the lock-step trading could last longer.

The third-largest cryptocurrency appears to be consolidating following an acute downtrend from highs above $0.31 in November. XRP has tested $0.2025 support on the downside. The recovery from the support fizzled out on hitting the range resistance.

The double top pattern

The double top pattern in classic technical analysis is used to predict the direction the price will take. In the case of XRP, the pattern suggests a possible retreat to $0.21 support before another reversal occurs. Moreover, the RSI is grinding lower towards 30, signaling a stronger bearish grip.  

XRP/USD 4-hour chart

Previous Post

Janney Montgomery Scott LLC Makes New Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Next Post

Pharmaceutical Industry As The Next Frontier For Data-Driven Leadership

Next Post
Pharmaceutical Industry As The Next Frontier For Data-Driven Leadership

Pharmaceutical Industry As The Next Frontier For Data-Driven Leadership

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News
  • Top Company News

Top 10 Market Research Companies in the world

Market Research 101: How to Make Data Your Superpower

The Role of Artificial Intelligence in Transforming Market Research

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2023 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2023 researchsnappy.com