XRP/USD 1DAY UPDATE BY CRYPTOSANDERS

Welcome to this quick XRP/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.

XRP/USDT UPDATE:-XRP, formerly ripple, was another big mover on Thursday, as price bounced from its own support point.

Following a low of $0.4501 on Wednesday, XRP/USD raced to an intraday peak of $0.4638 earlier today.

Today’s move sees XRP snap a two-day losing streak, bouncing from a support of $0.4500 in the process.

Recent declines have also led to the 10-day (red) moving average (MA) dropping below its 25-day (blue) counterpart.

Although prices have since rebounded today, this shift in moving averages could be a signal for greater drops in price to come.

Momentum in XRP has shifted in the last two weeks, as it was hovering close to a five-month high previously.

Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.

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